XML 54 R40.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value Measurements - Asset and Liability Measured at Fair Value Measured on Recurring Basis (Detail) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Available for sale customer funds assets $ 2,042.3 $ 1,952.4
Total assets measured at fair value 2,042.3 1,952.4
Liabilities    
DataFuzion contingent consideration 8.0 6.0
Total liabilities measured at fair value 8.0 6.0
Fair Value, Inputs, Level 2 [Member]    
Assets    
Available for sale customer funds assets [1] 2,042.3 1,952.4
Total assets measured at fair value 2,042.3 1,952.4
Fair Value, Inputs, Level 3 [Member]    
Liabilities    
DataFuzion contingent consideration [2] 8.0 6.0
Total liabilities measured at fair value $ 8.0 $ 6.0
[1] Fair value is based on inputs that are observable for the asset or liability, other than quoted prices.
[2] For the contingent consideration related to the 2021 acquisition of certain assets and liabilities of DataFuzion HCM, Inc. ("DataFuzion"), we utilize an option pricing model, specifically a Black-Scholes-Merton model, to estimate the fair value of the contingent liability as of the reporting dates. This model uses certain assumptions related to risk-free rates and volatility as well as certain judgments in forecasting annual recurring revenue. The contingent consideration has been measured as Level 3 given the unobservable inputs that are significant to the measurement of liability. The contingent consideration is included within other liabilities in our condensed consolidated balance sheets.