Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information related to the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 and December 31, 2020 (in thousands):

	March 31, 2021
Assets:	Level 1		Level 2		Level 3		Total
Equity securities	$	7,619		—		—	$	7,619
Debt securities		—		1,313		—		1,313
Total	$	7,619		1,313		—	$	8,932

Liabilities:
Liability classified equity award ⁽¹⁾	$	—		—		4,533	$	4,533
Foreign currency forward contract		—		—		—		—
Total	$	—		—		4,533	$	4,533

	December 31, 2020
Liabilities:	Level 1		Level 2		Level 3		Total
Liability classified equity award ⁽¹⁾	$	—		—		4,108	$	4,108
Foreign currency forward contract		—		878		—		878
Total	$	—		878		4,108	$	4,986

(1)

A portion of this award is being accreted over the requisite service period

Reconciliation of Liabilities Measured at Fair Value Using Significant Unobservable Inputs

The following table provides a reconciliation of liabilities measured at fair value using significant unobservable inputs (Level 3) for the three months ended March 31, 2021 (in thousands):

	Level 3 Liabilities
Balance at January 1, 2021	$	1,668
Vested portion of liability classified equity award		258
Change in fair value measurement		199
Balance at March 31, 2021	$	2,125