Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.22.4
Fair Value Measurement (Tables)
12 Months Ended
Dec. 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 December 31,
Level 2022 2021
Assets
Interest rate swap instruments 2 $ 5,202  $ 919 
Liabilities
Interest rate swap instruments 2 $ $ 6,316 
Commodity swap instruments 2 —  1,962 
Make-whole provisions 2 5,348  4,800 
Contingent consideration 3 4,158  2,838 
Total liabilities $ 9,515  $ 15,916 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of changes in the fair value of contingent consideration liabilities classified as level 3:
Year Ended December 31,
2022 2021
Contingent consideration liabilities balance at the beginning of year $ 2,838  $ 678 
Contingent consideration issued in connection with acquisitions —  2,160 
Remeasurement period adjustment (19) — 
Changes in fair value included in earnings 1,614  — 
Payment of contingent consideration (275) — 
Contingent consideration liabilities balance at the end of year $ 4,158  $ 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:
December 31, 2022 December 31, 2021
  Fair Value Carrying Value Fair Value Carrying Value
Long-term debt value (level 2) $ 869,771  $ 884,054  $ 442,429  $ 436,892