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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Values of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 (in thousands):

 

Fair Value

 

 

Quoted Price in
Active Market for
 Identical Assets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

$

1,226

 

 

$

 

 

$

1,226

 

 

$

 

 

$

1,226

 

 

$

 

 

$

1,226

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

57

 

 

$

 

 

$

 

 

$

57

 

Foreign currency forward contracts

 

1,401

 

 

 

 

 

 

1,401

 

 

 

 

 

$

1,458

 

 

$

 

 

$

1,401

 

 

$

57

 

The following table summarizes the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 (in thousands):

 

Fair Value

 

 

Quoted Price in
Active Market for
 Identical Assets
(Level 1)

 

 

Significant Other
Observable Inputs
(Level 2)

 

 

Significant Other
Unobservable
Inputs
(Level 3)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

$

1,392

 

 

$

1,392

 

 

$

 

 

$

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

379

 

 

 

 

 

 

379

 

 

 

 

 

$

1,771

 

 

$

1,392

 

 

$

379

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Current

$

48

 

 

$

 

 

$

 

 

$

48

 

Foreign currency forward contracts

 

312

 

 

 

 

 

 

312

 

 

 

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

Contingent considerations - Long-term

 

311

 

 

 

 

 

 

 

 

 

311

 

 

$

671

 

 

$

 

 

$

312

 

 

$

359