| 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):
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|
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|
|
|
|
|
|
|
|
|
September 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: |
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|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
52,029 |
|
$ |
— |
|
$ |
— |
|
$ |
52,029 |
Commercial paper |
|
|
— |
|
|
71,888 |
|
|
— |
|
|
71,888 |
Corporate bonds |
|
|
— |
|
|
28,807 |
|
|
— |
|
|
28,807 |
U.S. Treasury securities |
|
|
— |
|
|
29,687 |
|
|
— |
|
|
29,687 |
Government bonds |
|
|
— |
|
|
14,661 |
|
|
— |
|
|
14,661 |
Asset-backed securities |
|
|
— |
|
|
3,978 |
|
|
— |
|
|
3,978 |
Equity securities |
|
|
1,248 |
|
|
— |
|
|
— |
|
|
1,248 |
Other investments |
|
|
— |
|
|
— |
|
|
2,850 |
|
|
2,850 |
Total assets |
|
$ |
53,277 |
|
$ |
149,021 |
|
$ |
2,850 |
|
$ |
205,148 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
3,900 |
|
$ |
3,900 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
3,900 |
|
$ |
3,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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):
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|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
2021 |
Balance at beginning of period |
|
$ |
6,750 |
|
$ |
3,000 |
Additions |
|
|
— |
|
|
23,620 |
Changes in fair value |
|
|
(745) |
|
|
(4,161) |
Disposals |
|
|
(3,155) |
|
|
— |
Balance at end of period |
|
$ |
2,850 |
|
$ |
22,459 |
|
| 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):
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2022 |
|
2021 |
Balance at beginning of period |
|
$ |
5,654 |
|
$ |
93,328 |
Payment of contingent consideration liability |
|
|
(1,500) |
|
|
— |
Changes in fair value |
|
|
(254) |
|
|
59,022 |
Additions |
|
|
— |
|
|
6,558 |
Disposals |
|
|
|
|
|
(2,920) |
Foreign currency translation |
|
|
— |
|
|
(167) |
Exercise of private placement warrants |
|
|
— |
|
|
(149,904) |
Balance at end of period |
|
$ |
3,900 |
|
$ |
5,917 |
|