Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and December 31, 2021 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, 2022								At December 31, 2021
							Total Fair								Total Fair
	Level 1		Level 2		Level 3		Value		Level 1		Level 2		Level 3		Value
Assets:
Cash equivalents	$	185,782	$	—	$	—	$	185,782	$	234,763	$	—	$	—	$	234,763
Total assets	$	185,782	$	—	$	—	$	185,782	$	234,763	$	—	$	—	$	234,763

	At June 30, 2022								At December 31, 2021
							Total Fair								Total Fair
	Level 1		Level 2		Level 3		Value		Level 1		Level 2		Level 3		Value
Liabilities:
Contingent consideration, current	$	—	$	—	$	1,908	$	1,908	$	—	$	—	$	—	$	—
Contingent consideration, non-current	$	—	$	—	$	4,394	$	4,394	$	—	$	—	$	—	$	—
Total liabilities	$	—	$	—	$	6,302	$	6,302	$	—	$	—	$	—	$	—

Summary of Changes in Fair Value of the Derivative Asset

The following table summarizes the changes in fair value of the derivative asset for the escrow payment upon the sale of the equity method investment in Accu-Trade in March 2022 (in thousands). The gain from the changes in fair value of the derivative asset was recognized in gain (loss) from equity method investment in the accompanying consolidated statements of comprehensive loss.

	Three Months and Six Months Ended June 30, 2022
Fair value, beginning of period	$	2,850
Additions and changes in fair value	96
Escrow settlement receivable	(2,946)
Fair value, end of period	$	—