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Fair Value of Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of financial assets and liabilities measured at fair value on a recurring basis
The following table presents the valuation of the Company’s financial assets and liabilities as of September 30, 2024 and December 31, 2023 measured at fair value on a recurring basis. The fair value estimates presented herein are based on
information available to management as of September 30, 2024 and December 31, 2023. These estimates are not necessarily indicative of the amounts the Company could ultimately realize.
(in thousands)Level 1Level 2Level 3
September 30, 2024
Assets   
Interest rate swap agreements-short term$—$2,115$—
Interest rate swap agreements-long term—71—
Total assets measured at fair value$—$2,186$—
Liabilities   
Warrant liability——2,221
Total liabilities measured at fair value$—$—$2,221
(in thousands)Level 1Level 2Level 3
December 31, 2023
Assets
Interest rate swap agreements-short term$— $4,482 $— 
Interest rate swap agreements-long term— 986 — 
Total assets measured at fair value$— $5,468 $— 
Liabilities   
Acquisition-related contingent consideration-short term$— $— $6,850 
Warrant liability— — 4,021 
Total liabilities measured at fair value$— $— $10,871 
Reconciliation of contingent consideration liabilities A reconciliation of the Company’s contingent consideration liabilities related to acquisitions for the nine months ended September 30, 2024 and 2023 is as follows (in thousands):
Nine Months Ended September 30, 2024Beginning Balance PaymentsChange in Fair Value Ending Balance
Contingent consideration - Level 3 liabilities$6,850 $(6,850)$— $— 
Nine Months Ended September 30, 2023
Contingent consideration - Level 3 liabilities$7,500 $— $350 $7,850