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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Fair Values
The estimated fair value of the Company’s revolving line of credit, and long-term debt were as follows:
December 31, 2021December 31, 2020
Principal
amount
Carrying
amount
Fair
value
Principal
amount
Carrying
amount
Fair
value
Revolving line of credit$61,958 $61,238 $70,688 $75,393 $74,316 $83,014 
Long term debt51,664 40,661 58,143 50,117 36,413 55,378 
$113,622 $101,899 $128,831 $125,510 $110,729 $138,392 
Summary of Liabilities Measured on a Recurring Basis Liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020 were as follows:
December 31, 2021
TotalLevel 1Level 2Level 3
Liabilities:
Warrant Liability - Public & Private Warrants$7,341 $7,125 $— $216 
Total Other Liabilities$7,341 $7,125 $— $216 
December 31, 2020
TotalLevel 1Level 2Level 3
Liabilities:
Term Loan Warrant$12,744 $— $— $12,744 
Total Other Liabilities$12,744 $— $— $12,744 
Summary of Level 3 Liability Activity
The following table summarizes the activity for the Company’s Level 3 liabilities measured at fair value on a recurring basis:
Term Loan
Warrant
Warrant
Liability
Balance as of December 31, 2020$12,744 $— 
Exercised(13,102)— 
Assumed from Merger— 44,272 
Changes in fair value358 (36,931)
Balance as of December 31, 2021$— $7,341