Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Values of Financial Instruments Measured on Recurring Basis

The following tables present the fair values of the Company’s financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):

December 31, 2020	Level 1		Level 2		Level 3		Fair Value		Carrying Value
Liabilities:
Contingent consideration	$	—	$	—	$	4,071	$	4,071	$	4,071
Total liabilities measured at fair value	$	—	$	—	$	4,071	$	4,071	$	4,071

Reconciliation of Level 3 Financial Liabilities Measured on Recurring Basis

The following tables presents a reconciliation of the Company’s Level 3 financial liabilities related to contingent consideration that are measured at fair value on a recurring basis (in thousands):

	Level 3		Affected line item in the Statement of Income
Balance as of January 1, 2020	$	—
Contingent consideration	4,071
Total fair value adjustments reported in earnings	—		General and administrative
Contingent consideration payments	—		Not Applicable
Balance as of December 31, 2020	$	4,071
Contingent consideration	—
Total fair value adjustments reported in earnings	685		General and administrative
Contingent consideration payments	(4,756)		Not Applicable
Balance as of December 31, 2021	$	—