v3.25.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring
basis by fair value hierarchy input level:
June 30, 2025
December 31, 2024
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
Assets
Interest rate cap
$
$7,013
$
$
$13,936
$
Contingently returnable
consideration
5,340
5,483
Liabilities
Contingent consideration
114,627
129,059
Total assets and liabilities
measured at fair value
$
$7,013
$119,967
$
$13,936
$134,542
Reconciliation of Level 3 Assets and Liabilities Measured at Fair Value The following is a reconciliation of the beginning and ending balances of the Level 3 assets and liabilities measured at fair
value:
Three Months Ended June 30,
Six Months Ended June 30,
2025
2024
2025
2024
Assets
Balance at beginning of period
$5,110
$
$5,483
$
Newly established assets due to acquisitions
4,868
4,868
Total gains (losses) included in earnings
(77)
1,277
Total gains included in OCI
307
507
Settlements
(1,927)
Balance at end of period
$5,340
$4,868
$5,340
$4,868
Liabilities
Balance at beginning of period
$96,333
$46,198
$129,059
$41,902
Newly established liabilities due to acquisitions
24,428
45,558
Total (gains) losses included in earnings
819
4,157
(9,537)
7,510
Total losses included in OCI
21
21
Settlements
(5,507)
(5,384)
(49,007)
(5,384)
Acquisition measurement period adjustments
(1,467)
(1,467)
943
Balance at end of period
$114,627
$44,971
$114,627
$44,971