Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of changes in Level 3

The following table summarizes the changes in Private Placement Warrant liability for the year ended December 31, 2021 and 2020:

Balance at December 31, 2019	$	111,813
Mark to market adjustment on financial instruments	205,062
Exercise of Private Placement Warrants	(4,124)
Balance at December 31, 2020	$	312,751
Mark to market adjustment on financial instruments	(81,320)
Exercise of Private Placement Warrants	(3,592)
Balance at December 31, 2021	$	227,839

The following table presents the changes in the earn-out for the year ended December 31, 2021 and 2020:

Balance at December 31, 2019	$	11,100
Payment of earn-out liability (1)	(11,701)
Revaluations included in earnings	601
Balance at December 31, 2020	$	—
Payment of earn-out liability	—
Revaluations included in earnings	—
Balance at December 31, 2021	$	—
(1) See Note 23 - Commitments and Contingencies for further details.

Summary of the Company's assets and liabilities that were recognized at fair value on a recurring basis

The following table provides a summary of the Company’s assets and liabilities that were recognized at fair value on a recurring basis as at December 31, 2021 and 2020:

	December 31, 2021
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Forward contracts asset	$	—	$	2,205	$	—	$	2,205
Interest rate swap asset	—		1,957		—		1,957
	—		4,162		—		4,162
Liabilities
Warrant liability	—		—		227,839		227,839
Employee phantom share liability - current	—		152,422		—		152,422
Forward contracts liability	—		641		—		641
Total	$	—	$	153,063	$	227,839	$	380,902

	December 31, 2020
	Level 1		Level 2		Level 3		Total Fair Value
Assets
Forward contracts asset	$	—	$	8,574	$	—	$	8,574
	—		8,574		—		8,574
Liabilities
Warrant liability	—		—		312,751		312,751
Employee phantom share liability - current	—		57,752		—		57,752
Employee phantom share liability - non-current	—		393		—		393
Forward contracts liability	—		106		—		106
Interest rate swap liability	—		5,159		—		5,159
Contingent stock liability	—		130,594		—		130,594
Total	$	—	$	194,004	$	312,751	$	506,755