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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities

The following tables present information about the fair value of the Company’s financial assets and liabilities as of March 31, 2022 and December 31, 2021 and indicate the level of the fair value hierarchy utilized to determine such fair values:

 

 

 

Fair Value Measurements as of March 31, 2022 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit—restricted cash

 

$

 

 

$

1,001

 

 

$

 

 

$

1,001

 

Money market mutual funds

 

 

135,084

 

 

 

 

 

 

 

 

 

135,084

 

 

 

$

135,084

 

 

$

1,001

 

 

$

 

 

$

136,085

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Appreciation Rights ("SARs")

 

$

 

 

$

 

 

$

255

 

 

$

255

 

 

 

$

 

 

$

 

 

$

255

 

 

$

255

 

 

 

 

 

Fair Value Measurements as of December 31, 2021 Using:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit—restricted cash

 

$

 

 

$

1,001

 

 

$

 

 

$

1,001

 

Money market mutual funds

 

 

93,792

 

 

 

 

 

 

 

 

 

93,792

 

Foreign currency forward contract

 

$

 

 

 

5

 

 

 

 

 

 

5

 

 

 

$

93,792

 

 

$

1,006

 

 

$

 

 

$

94,798

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SARs

 

$

 

 

$

 

 

$

358

 

 

$

358

 

 

 

$

 

 

$

 

 

$

358

 

 

$

358

 

 

Summary of Changes in Fair Values of Stock Appreciation Rights (SARs) Liability The following table provides a summary of changes in the fair values of the Company’s SARs liability, for which fair value is determined by Level 3 inputs:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

Fair value at beginning of period

 

$

358

 

 

$

493

 

Change in fair value

 

 

(103

)

 

 

347

 

Exercises

 

 

 

 

 

(135

)

Fair value at end of period

 

$

255

 

 

$

705