Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Changes in Fair Value of the Company's Level 3 Liabilities , That Are Measured Using Significant Unobservable Inputs (Level 3)

The following table presents the changes in the estimated fair values of the Company’s liabilities for contingent consideration measured using significant unobservable inputs (Level 3) for fiscal years 2020 and 2019 (in thousands):

Balance at December 31, 2018	$	2,550
New Restaurant Magic Acquisition contingent consideration	3,340
Change in fair value of contingent consideration	—
Settlement of Brink Acquisition contingent consideration	(2,550)
Balance at December 31, 2019	$	3,340
New contingent consideration	—
Change in fair value of contingent consideration	(3,340)
Settlement of contingent consideration	—
Balance at December 31, 2020	$	—

Fair Value, Liabilities Measured on Recurring Basis

The following tables provides quantitative information associated with the fair value measurement of the Company’s liabilities for contingent consideration:

	December 31, 2020
Contingency Type	Maximum Payout1 (undiscounted) (in thousands)		Fair Value		Valuation Technique	Unobservable Inputs	Weighted Average or Range
Revenue-based payments	$	1,965	$	—	Monte Carlo	Revenue volatility	25.0	%
						Discount rate	14.0	%
						Projected year(s) of payment	2021-2022

	December 31, 2019
Contingency Type	Maximum Payout1 (undiscounted) (in thousands)		Fair Value		Valuation Technique	Unobservable Inputs	Weighted Average or Range
Revenue-based payments	$	20,610	$	3,340	Monte Carlo	Revenue volatility	20.0	%
						Discount rate	12.5	%
						Projected year(s) of payment	2021-2023

(1) Maximum payout as determined by Monte Carlo valuation simulation; the disclosed contingency is not subject to a contractual maximum payout.