Fair Value Instruments (Tables)

12 Months Ended

Dec. 31, 2020

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 December 31, 2020 and 2019 (amounts in millions):

	December 31, 2020
	Level 1		Level 2		Level 3
Liabilities: Contingent consideration	$	—	$	—	$	1.8
	December 31, 2019
	Level 1		Level 2		Level 3
Liabilities: Warrants	$	—	$	—	$	29.6

Summary of Changes to Level 3 Instruments

The following is a summary of changes to level 3 instruments during the year ended December 31, 2020 and 2019, which were recognized in a separate line item on the Consolidated Statements of Operations (amounts in millions):

	Warrants
Balance, January 1, 2019	$	1.7
Warrants granted during the period		—
Change in fair value during the period	27.9
Balance, December 31, 2019	$	29.6
Warrants settled at reverse recapitalization		(29.6	)
Balance, December 31, 2020	$	—
	Contingent Consideration
Balance, January 1, 2020	$	—
Acquisition of PeakLogix		1.0
Acquisition of Hilo		0.8
Change in fair value		—
Balance, December 31, 2020	$	1.8

Summary of Level 3 Financial Instruments, Valuation Techniques Used to Measure Fair Value and Significant Unobservable Inputs and Ranges of Value

The following table represents the Company’s level 3 financial instruments, the valuation techniques used to measure the fair value of those financial instruments as of December 31, 2020 and 2019, respectively, and the significant unobservable inputs (amounts in millions):

Instrument	Fair Value 12/31/2020		Fair Value 12/31/2019		Principal Valuation Technique	Significant Unobservable Inputs
Contingent consideration	$	1.8	$	—	Probability weighted range of outcomes	See above
Warrants	$	—	$	29.6	Market approach	See above