Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

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

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2023 and December 31, 2022 by level within the fair value hierarchy. These assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

	At March 31, 2023								At December 31, 2022
							Total Fair								Total Fair
	Level 1		Level 2		Level 3		Value		Level 1		Level 2		Level 3		Value
Assets:
Cash equivalents	$	140,224	$	—	$	—	$	140,224	$	57,518	$	—	$	—	$	57,518
Total assets	$	140,224	$	—	$	—	$	140,224	$	57,518	$	—	$	—	$	57,518

	At March 31, 2023								At December 31, 2022
							Total Fair								Total Fair
	Level 1		Level 2		Level 3		Value		Level 1		Level 2		Level 3		Value
Liabilities:
Contingent consideration, current	$	—	$	—	$	1,849	$	1,849	$	—	$	—	$	1,983	$	1,983
Contingent consideration, non-current	—		—		3,403		3,403		—		—		4,678		4,678
Total liabilities	$	—	$	—	$	5,252	$	5,252	$	—	$	—	$	6,661	$	6,661

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 March 31, 2023
Fair value, beginning of period	$	6,661
Cash payments	(2,000)
Changes in fair value	591
Fair value, end of period	$	5,252

Fair Value Measurement Inputs and Valuation Techniques

The following table summarizes the significant unobservable inputs and valuation technique in the fair value measurement of the contingent consideration liability at March 31, 2023:

Valuation Technique	Unobservable Inputs	Value Range
Scenario-Based model	Probabilities of achievement	100.0%