Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Summary of financial assets measured at fair value on a recurring basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis at June 30, 2021 and December 31, 2020 by level within the fair value hierarchy. Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

	At June 30, 2021								At December 31, 2020
							Total Fair								Total Fair
	Level 1		Level 2		Level 3		Value		Level 1		Level 2		Level 3		Value
Assets:
Cash equivalents	$	256,715	$	—	$	—	$	256,715	$	262,309	$	—	$	—	$	262,309
Total assets	$	256,715	$	—	$	—	$	256,715	$	262,309	$	—	$	—	$	262,309
Liabilities:
Contingent consideration, current	$	—	$	—	$	—	$	—	$	—	$	—	$	2,459	$	2,459
Total liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	2,459	$	2,459

Schedule of changes in fair value of contingent consideration obligation

The following table summarizes the changes in the fair value of the contingent consideration obligation (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Fair value, beginning of period	$	2,490	$	4,852	$	2,459	$	4,777
Cash payments	(2,500)		(2,500)		(2,500)		(2,500)
Additions and changes in fair value	10		46		41		121
Fair value, end of period	$	—	$	2,398	$	—	$	2,398