Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.22.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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):

June 30, 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

$

89,044

$

$

$

89,044

Commercial paper

79,007

79,007

Corporate bonds

 

 

26,950

 

26,950

U.S. Treasury securities

34,771

34,771

Government bonds

9,693

9,693

Equity securities

2,340

2,340

Other investments

5,950

5,950

Total assets

$

91,384

$

150,421

$

5,950

$

247,755

Liabilities:

Contingent consideration

$

$

$

4,159

$

4,159

Total liabilities

$

$

$

4,159

$

4,159

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):

Six Months Ended June 30, 

2022

    

2021

Balance at beginning of period

$

6,750

$

3,000

Additions

3,620

Changes in fair value

(800)

517

Balance at end of period

$

5,950

$

7,137

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):

Six Months Ended June 30, 

2022

    

2021

Balance at beginning of period

$

5,654

$

93,328

Additions

6,558

Changes in fair value

5

56,576

Payment of contingent consideration liability

(1,500)

Exercise of private placement warrants

(149,904)

Balance at end of period

$

4,159

$

6,558