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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Carrying and Estimated Fair Value of Other Financial Instruments

The following table presents the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of June 30, 2020 and December 31, 2019:



	June 30, 2020
			Hierarchy Level (Fair Value)
	Carrying Amount		Level 1		Level 2		Level 3
Liabilities
Acquisition-related contingent consideration, including current portion ⁽¹⁾	$	11,194	$	—	$	—	$	11,194
2023 Convertible Notes ⁽²⁾	280,808		—		399,689
Total	$	292,002	$	—	$	399,689	$	11,194



	December 31, 2019
			Hierarchy Level (Fair Value)
	Carrying Amount		Level 1		Level 2		Level 3
Liabilities
Acquisition-related contingent consideration, including current portion ⁽¹⁾	$	14,826	$	—	$	—	$	14,826
2023 Convertible Notes ⁽²⁾	275,609		—		398,016		—
Total	$	290,435	$	—	$	398,016	$	14,826


⁽¹⁾	The short-term portion is included in “Accounts payable, accrued expenses and other” and the long-term portion is included in “Other liabilities” on the Condensed Consolidated Balance Sheets.

⁽²⁾

The carrying values include unamortized deferred debt issue costs and debt discount.

Schedule of Acquisition-Related Contingent Consideration

The change in our liability for acquisition-related contingent consideration for our Level 3 financial instruments is as follows:



	Liability for Acquisition-Related Contingent Consideration
Balance at December 31, 2019	$	14,826
Accretion expense ⁽¹⁾	506
Foreign currency translation adjustment ⁽²⁾	(148		)
Balance at March 31, 2020	$	15,184
Accretion expense ⁽¹⁾	614
Payments	(4,692		)
Foreign currency translation adjustment ⁽²⁾	88
Balance at June 30, 2020	$	11,194



	Liability for Acquisition-Related Contingent Consideration
Balance at December 31, 2018	$	3,698
Accretion expense ⁽¹⁾	93
Balance at March 31, 2019	$	3,791
Accretion expense ⁽¹⁾	93
Payments	(1,000		)
Balance at June 30, 2019	$	2,884


⁽¹⁾	Accretion expense is included in "Selling, general and administrative expenses" on the Condensed Consolidated Statements of Comprehensive Income.

⁽²⁾

Foreign currency translation adjustments are included in "Other comprehensive income (loss), net of tax" on the Condensed Consolidated Statements of Comprehensive Income.