Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.21.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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):

June 30, 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

$

180,998

$

$

$

180,998

Commercial paper

159,591

159,591

Corporate bonds

 

 

104,755

 

104,755

Government bonds

36,727

36,727

Asset-backed securities

25,245

25,245

Other investments

7,137

7,137

Total assets

$

180,998

$

326,318

$

7,137

$

514,453

Liabilities:

Contingent consideration

$

$

$

6,084

$

6,084

Subscription agreement

474

474

Total liabilities

$

$

$

6,558

$

6,558

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):

Six Months Ended June 30, 

2021

    

2020

Balance at beginning of period

$

3,000

$

Additions

3,620

Changes in fair value

517

Balance at end of period

$

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, 

2021

    

2020

Balance at beginning of period

$

93,328

$

Additions

6,558

Changes in fair value

56,576

Exercise of private placement warrants

(149,904)

Balance at end of period

$

6,558

$