| 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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 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 |
|
$ |
126,086 |
|
$ |
— |
|
$ |
— |
|
$ |
126,086 |
Commercial paper |
|
|
— |
|
|
128,825 |
|
|
— |
|
|
128,825 |
Corporate bonds |
|
|
— |
|
|
86,899 |
|
|
— |
|
|
86,899 |
Government bonds |
|
|
— |
|
|
36,520 |
|
|
— |
|
|
36,520 |
Asset-backed securities |
|
|
— |
|
|
24,828 |
|
|
— |
|
|
24,828 |
Equity securities |
|
|
— |
|
|
— |
|
|
15,200 |
|
|
15,200 |
Company-owned life insurance cash surrender value |
|
|
— |
|
|
330 |
|
|
— |
|
|
330 |
Other investments |
|
|
— |
|
|
— |
|
|
7,259 |
|
|
7,259 |
Total assets |
|
$ |
126,086 |
|
$ |
277,402 |
|
$ |
22,459 |
|
$ |
425,947 |
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
$ |
— |
|
$ |
— |
|
$ |
5,917 |
|
$ |
5,917 |
Total liabilities |
|
$ |
— |
|
$ |
— |
|
$ |
5,917 |
|
$ |
5,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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):
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2021 |
|
2020 |
Balance at beginning of period |
|
$ |
3,000 |
|
$ |
— |
Additions |
|
|
23,620 |
|
|
— |
Changes in fair value |
|
|
(4,161) |
|
|
— |
Balance at end of period |
|
$ |
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, |
|
|
2021 |
|
2020 |
Balance at beginning of period |
|
$ |
93,328 |
|
$ |
— |
Additions |
|
|
6,558 |
|
|
— |
Changes in fair value |
|
|
59,022 |
|
|
— |
Foreign currency translation |
|
|
(167) |
|
|
|
Exercise of private placement warrants |
|
|
(149,904) |
|
|
— |
Disposals |
|
|
(2,920) |
|
|
|
Balance at end of period |
|
$ |
5,917 |
|
$ |
— |
|