Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of financial assets measured at fair value on a recurring basis The following fair value hierarchy table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):

December 31, 2021

Quoted Prices in

Significant

Active Markets

Other

Significant

 

for Identical

Observable

Unobservable

 

Items

Inputs

Inputs

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Assets:

Money market funds

$

46,521

$

$

$

46,521

Commercial paper

70,401

70,401

Corporate bonds

 

 

65,617

 

65,617

Government bonds

36,476

36,476

Asset-backed securities

24,656

24,656

Equity securities

7,420

7,420

Other investments

6,750

6,750

Total assets

$

53,941

$

197,150

$

6,750

$

257,841

Liabilities:

Contingent consideration

$

$

$

5,654

$

5,654

Total liabilities

$

$

$

5,654

$

5,654

December 31, 2020

Quoted Prices in

Significant 

 Active Markets

Other

Significant

 for Identical

 Observable 

 Unobservable 

 Items

Inputs

Inputs

    

 (Level 1)

    

 (Level 2)

    

 (Level 3)

    

Total

Assets:

 

  

 

  

 

  

 

  

Money market funds

$

407,512

$

$

$

407,512

Commercial paper

119,285

119,285

Corporate bonds

 

 

47,959

 

47,959

U.S. Treasury securities

19,997

19,997

Other investments

3,000

3,000

Total assets

$

427,509

$

167,244

$

3,000

$

597,753

Liabilities:

Private Placement Warrants

$

$

$

93,328

$

93,328

Total liabilities

$

$

$

93,328

$

93,328

Schedule of Level 3 assets measured at fair value The following table presents information about the Company’s movement in Level 3 assets measured at fair value (in thousands):

Year Ended December 31, 

2021

    

2020

Balance at beginning of period

$

3,000

$

Additions

23,620

3,000

Changes in fair value

(12,450)

Transfers to Level 1

(7,420)

Balance at end of period

$

6,750

$

3,000

Schedule of Level 3 liabilities measured at fair value

The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):

Year Ended December 31, 

2021

    

2020

Balance at beginning of period

$

93,328

$

Additions

6,558

149,745

Changes in fair value

58,592

(56,417)

Exercise of private placement warrants

(149,904)

Disposals

(2,920)

Balance at end of period

$

5,654

$

93,328