Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule fair value of the Company’s financial assets and liabilities measured at fair value

The following tables set forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019, based on the three-tier fair value hierarchy: 

	June 30, 2020
	Fair Value		Level I		Level II		Level III
Assets:
Money market funds	$	47,351	$	47,351	$	—	$	—
Assets to fund deferred compensation liability	9,076		—		—		9,076
Total assets	$	56,427	$	47,351	$	—	$	9,076
Liabilities:
Contingent consideration	$	13,025	$	—	$	—	$	13,025
Deferred compensation liability	7,596		7,596		—		—
Total liabilities	$	20,621	$	7,596	$	—	$	13,025

	December 31, 2019
	Fair Value		Level I		Level II		Level III
Assets:
Money market funds	$	37,730	$	37,730	$	—	$	—
Assets to fund deferred compensation liability	8,390		—		—		8,390
Total assets	$	46,120	$	37,730	$	—	$	8,390
Liabilities:
Contingent consideration	$	9,045	$	—	$	—	$	9,045
Deferred compensation liability	8,208		8,208		—		—
Total liabilities	$	17,253	$	8,208	$	—	$	9,045

Summary of changes in the fair value of the Company's Level 3 liability

The table below presents a reconciliation of the Company's contingent consideration liabilities, which were measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the period from December 31, 2019 to June 30, 2020: 

	Fair Value of Contingent Consideration Liabilities
Balance at December 31, 2019	$	9,045
Private technology company acquisition	5,239
Fair market value adjustment on contingent consideration liability	(1,982)
Accretion on contingent consideration	723
Balance at June 30, 2020	$	13,025

Summary of changes in the fair value of the Company's Level 3 assets

The table below presents a reconciliation of the assets used to fund deferred the Company's deferred compensation liability, which is measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the period from December 31, 2019 to June 30, 2020:

	Fair Value of Assets to Fund Deferred Compensation Liability
Balance at December 31, 2019	$	8,390
Contributions	1,060
Fair value adjustments	(374)
Balance at June 30, 2020	$	9,076