v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Summay of Financial Assets and Liabilities Measured at Fair Value on a Recurrig Basis

Financial assets and liabilities measured at fair value on a quarterly basis are as follows:

Fair value as of March 31, 2026:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Contingent consideration

 

 

 

 

 

 

 

 

 

 

 

 

Earnout liability

 

$

-

 

 

$

-

 

 

$

11,387

 

 

$

11,387

 

Total liabilities at fair value

 

$

-

 

 

$

-

 

 

$

11,387

 

 

$

11,387

 

Summary of Carrying Values and Estimated Fair Values Of Financial Instruments

The carrying values and estimated fair values of our financial instruments that are not required to be recorded at fair value in our consolidated balance sheets, on the basis of Level 2 inputs, were as follows (in thousands):

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Convertible senior notes due 2029

 

 

800,000

 

 

 

784,320

 

 

 

800,000

 

 

 

825,680

 

Term loan due 2028

 

 

450,000

 

 

 

450,000

 

 

 

450,000

 

 

 

450,000

 

Revolving credit facility

 

 

274,000

 

 

 

274,000

 

 

 

-

 

 

 

-

 

Total

 

$

1,524,000

 

 

$

1,508,320

 

 

$

1,250,000

 

 

$

1,275,680