FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company's fair value hierarchy for assets and liabilities measured at fair value on a recurring basis (in thousands):

		Fair Value
	Level in Fair	December 31,
	Value Hierarchy	2022		2021
Assets:
Other non-current assets:
Equity securities (1)	1	$	723	$	17,166
Liabilities:
Other long-term liabilities:
Contingent consideration associated with acquisitions	3	13,400		2,500

(1) Represents our investments in autonomous technology companies. For additional information regarding the valuation of these equity securities, see Note 7 – Investments.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents changes in the fair value of contingent consideration for the years ended December 31, 2022 and 2021 (in thousands):

Balance as of December 31, 2020	$	—
Contingent consideration associated with the acquisition of NEHDS (1)	2,500
Balance as of December 31, 2021	2,500
Contingent consideration associated with the acquisition of Baylor (1)	8,400
Contingent consideration associated with the acquisition of ReedTMS (1)	5,000
Change in fair value (2)	(2,500)
Balance as of December 31, 2022	$	13,400

(1) The estimated fair value of our contingent consideration arrangements were based upon probability-adjusted inputs for each acquired entity. For additional information regarding our contingent consideration arrangements, see Note 2 – Business Acquisitions.

(2) The contingent earnout period related to the NEHDS acquisition ended on December, 31, 2022 and did not result in any additional cash payments, as the financial performance goals were not achieved. The change in the contingent earnout liability was recorded in other operating expense on the consolidated statements of income.