Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2022
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):

March 31, 2022

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

$

87,581

$

$

$

87,581

Commercial paper

56,282

56,282

Corporate bonds

 

 

16,108

 

16,108

Government bonds

17,271

17,271

Asset-backed securities

7,514

7,514

Equity securities

5,720

5,720

Other investments

6,750

6,750

Total assets

$

93,301

$

97,175

$

6,750

$

197,226

Liabilities:

Contingent consideration

$

$

$

5,540

$

5,540

Total liabilities

$

$

$

5,540

$

5,540

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

24,655

24,655

Equity securities

7,420

7,420

Other investments

6,750

6,750

Total assets

$

53,941

$

197,149

$

6,750

$

257,840

Liabilities:

Contingent consideration

$

$

$

5,654

$

5,654

Total liabilities

$

$

$

5,654

$

5,654

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):

Three Months Ended March 31, 

2022

    

2021

Balance at beginning of period

$

6,750

$

3,000

Changes in fair value

25

Balance at end of period

$

6,750

$

3,025

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):

Three Months Ended March 31, 

2022

    

2021

Balance at beginning of period

$

5,654

$

93,328

Changes in fair value

(114)

56,576

Exercise of private placement warrants

(149,904)

Balance at end of period

$

5,540

$