v3.24.2.u1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):

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As of June 30, 2024

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Carrying

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Fair

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Fair Value Measurements

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Amount

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Value

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Level 1

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Level 2

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Level 3

Liabilities

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​

​

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​

Contingent consideration

$

90,620

$

90,620

$

—

$

—

$

90,620

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As of December 31, 2023

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​

Carrying

​

Fair

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Fair Value Measurements

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Amount

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Value

​

Level 1

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Level 2

​

Level 3

Liabilities

​

​

​

​

​

​

​

​

​

​

Contingent consideration

​

126,216

​

126,216

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—

​

—

​

126,216

Schedule of assets and liabilities measured at fair value on a recurring basis that have unobservable inputs

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Financial Instrument

    

Fair Value

Valuation Technique

Unobservable Input

Range (weighted average)

Contingent consideration

​

$

90,620

Scenario based method

Credit spread

13.51%

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​

​

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Discount rate

17.91% - 18.41%

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​

​

90,620

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​

​

​

In the unaudited interim condensed consolidated balance sheets, contingent consideration is recorded in the contingent consideration, loss accrual for service contracts, and other current liabilities financial statement line item, and was comprised of the following unobservable inputs as of December 31, 2023:

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Financial Instrument

    

Fair Value

Valuation Technique

Unobservable Input

Range (weighted average)

Contingent consideration

​

$

126,216

Scenario based method

Credit spread

13.61%

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​

​

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Discount rate

17.71% - 19.06%

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​

​

126,216

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​

​

Schedule of activity in the level 3 liabilities

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Six months ended

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June 30, 2024

Beginning balance as of December 31, 2023

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$

126,216

Cash payments

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​

(10,000)

Change in fair value of contingent consideration

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​

(9,200)

Foreign currency translation adjustment

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(690)

Ending balance as of March 31, 2024

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$

106,326

Cash payments

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​

(1,000)

Payment settled in common stock and warrants

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​

(18,241)

Change in fair value of contingent consideration

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​

3,768

Foreign currency translation adjustment

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(233)

Ending balance as of June 30, 2024

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$

90,620

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