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Fair Value Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Recurring Measures at Fair Value by Level of Hierarchy

The following table sets forth, by level of hierarchy, the Company’s recurring measures at fair value as of March 31, 2022 and December 31, 2021, which was presented in “Other current liabilities” and “Other liabilities” on the Consolidated Balance Sheets (amounts in millions):

 

 

March 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities: contingent consideration

 

$

 

 

$

 

 

$

2.9

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities: contingent consideration

 

$

 

 

$

 

 

$

2.8

 

Summary of Changes to Level 3 Instruments

The following is a summary of changes to Level 3 instruments as of March 31, 2022 and December 31, 2021 (amounts in millions):

 

Contingent Consideration

 

Balance, January 1, 2021

$

1.8

 

Acquisition of Ginop

 

0.9

 

Change in fair value

 

0.1

 

Balance, December 31, 2021

$

2.8

 

Changes in fair value

 

0.1

 

Balance, March 31, 2022

$

2.9