v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within each level of the fair value hierarchy:
Fair Value Hierarchy
Level 1Level 2Level 3
(in thousands)June 30, 2026December 31, 2025June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Assets:
Money market funds$245,055 $229,922 $— $— $— $— 
Derivative instruments— — 7,450 815 — — 
Liabilities:
Contingent earnout liabilities— — — — 346,824 23,293 
Schedule of Changes in Fair Value of Liabilities Measured at Fair Value on a Recurring Basis Utilizing Level 3 Assumptions
The following table sets forth a summary of the changes in the fair value of the Company’s contingent earnout liabilities, which are measured at fair value on a recurring basis utilizing Level 3 assumptions in their valuation:
For the Three Months
Ended June 30,		For the Six Months
 Ended June 30,
(in thousands)2026202520262025
Balance at beginning of period$335,384 $48,234 $23,293 $145,559 
Change in fair value of contingent consideration(1)
12,303 (1,957)14,272 6,104 
Fair value of contingent consideration issuances— 8,766 315,998 8,766 
Settlement of contingent consideration(2)
(863)(38,312)(6,739)(143,698)
Balance at end of period$346,824 $16,731 $346,824 $16,731 
__________
(1)    The Company reclassified $1.5 million and $(1.6) million of its contingent earnout liabilities through the issuance (reduction) of colleague earnout incentives during the three and six months ended June 30, 2025, respectively, which resulted in a reclassification between the change in fair value of contingent consideration and colleague compensation and benefits expense in the condensed consolidated statements of comprehensive income (loss).
(2)    The condensed consolidated statement of cash flows for the six months ended June 30, 2025 includes $5.6 million of payments of contingent earnout consideration related to non-cash settlements in prior periods.
Schedule of Financial Instruments Not Measured at Fair Value The carrying amounts and estimated fair value of long-term debt and the revolving line of credit were as follows:
Fair Value HierarchyJune 30, 2026December 31, 2025
(in thousands)Carrying AmountEstimated
Fair Value		Carrying AmountEstimated
Fair Value
Long-term debt(1)
Level 2$2,193,045 $2,157,201 $1,603,606 $1,620,092 
Revolving line of creditLevel 2302,000 298,415 107,000 107,985 
__________
(1)    The carrying amount of long-term debt reflects outstanding borrowings, which are presented net of unamortized debt discount and issuance costs of $26.2 million and $24.9 million at June 30, 2026 and December 31, 2025, respectively, on the condensed consolidated balance sheets.