Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.22.1
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Changes in Fair Value by Balance Sheet Grouping The following table presents the input level used to determine the fair values of our financial instruments measured at fair value on a recurring basis:
Fair Value as of
Level March 31, 2022 December 31, 2021
Assets:
Interest rate swap instruments 2 $ 2,220  $ 919 
Total assets $ 2,220  $ 919 
Liabilities:
Interest rate swap instruments 2 $ 2,726  $ 6,316 
Commodity swap instruments 2 4,568  1,962 
Make-whole provisions 2 5,085  4,800 
Contingent consideration 3 2,419  2,838 
Total liabilities $ 14,798  $ 15,916 
Schedule of Changes in Fair Value of Contingent Liabilities Classified as Level 3
The following table sets forth a summary of changes in the fair value of contingent consideration liability classified as level 3:
Year Ended December 31,
March 31, 2022 December 31, 2021
Contingent consideration liability balance at the beginning of period $ 2,838  $ 678 
Contingent consideration issued in connection with acquisition —  2,160 
Changes in fair value included in earnings (320) — 
Remeasurement adjustment (99) — 
Contingent consideration liability balance at the end of period $ 2,419  $ 2,838 
Fair Value and Carrying Value of Long-Term Debt The following table sets forth the fair value and the carrying value of our long-term debt, excluding financing leases:
As of March 31, 2022 As of December 31, 2021
Fair Value Carrying Value Fair Value Carrying Value
Long-term debt (Level 2) $ 726,649  $ 720,687  $ 442,429  $ 436,892