Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of 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 March 31, 2022 and December 31, 2021, based on the three-tier fair value hierarchy, as defined in ASC 820, “Fair Value Measurements and Disclosures”:

	March 31, 2022
	Fair Value		Level I		Level II		Level III
	(in thousands)
Assets:
Money market funds	$	2,946	$	2,946	$	—	$	—
Assets to fund deferred compensation liability	11,201		—		—		11,201
Total assets	$	14,147	$	2,946	$	—	$	11,201
Liabilities:
Contingent consideration	$	750	$	—	$	—	$	750
Deferred compensation liability	9,515		9,515		—		—
Total liabilities	$	10,265	$	9,515	$	—	$	750

	December 31, 2021
	Fair Value		Level I		Level II		Level III
	(in thousands)
Assets:
Money market funds	$	2,684	$	2,684	$	—	$	—
Assets to fund deferred compensation liability	11,140		—		—		11,140
Total assets	$	13,824	$	2,684	$	—	$	11,140
Liabilities:
Contingent consideration	$	743	$	—	$	—	$	743
Deferred compensation liability	10,418		10,418		—		—
Total liabilities	$	11,161	$	10,418	$	—	$	743

Schedule of Reconciliation of Assets

The table below presents a reconciliation of the assets used to fund 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, 2021 to March 31, 2022:

	Fair Value of Assets to Fund Deferred Compensation Liability
	(in thousands)
Balance at December 31, 2021	$	11,140
Contributions	649
Fair value adjustments	(588)
Balance at March 31, 2022	$	11,201