Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):

	September 30, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	104,944	—		—		$	104,944
Total	$	104,944	$	—	$	—	$	104,944
Liabilities:
Contingent consideration related to acquisitions	—		—		15,008		15,008
Total	$	—	$	—	$	15,008	$	15,008

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	124,303	—		—		$	124,303
U.S. Treasury Bills	15,120		—		—		15,120
Total	$	139,423	$	—	$	—	$	139,423
Liabilities:
Contingent consideration related to acquisitions	—		—		36,220		36,220
Total	$	—	$	—	$	36,220	$	36,220

Summary of Changes in Contingent Consideration

The following table represents the change in the contingent consideration (in thousands):

	Three Months Ended September 30, 2020				Nine Months Ended September 30, 2020
	Ubimo		Elevaate		Ubimo		Elevaate		Ahalogy
	Level 3		Level 3		Level 3		Level 3		Level 3
Balance at the beginning of period	$	10,239	$	3,207	$	5,686	$	3,534	$	27,000
Change in fair value during the period	4,769		(3,207)		9,322		(3,534)		—
Payments made during the period	—		—		—		—		(27,000)
Total	$	15,008	$	—	$	15,008	$	—	$	—

	Three Months Ended September 30, 2019				Nine Months Ended September 30, 2019
	Elevaate		Ahalogy		Elevaate		Ahalogy
	Level 3		Level 3		Level 3		Level 3
Balance at the beginning of period	$	3,015	$	26,001	$	6,121	$	22,842
Change in fair value during the period	—		999		(3,106)		4,158
Total	$	3,015	$	27,000	$	3,015	$	27,000