XML 34 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Opening and Closing Balances of Company's Contract Liability

The opening and closing balances of the Company’s contract liability are as follows:

Balance at January 1, 2021

 

$

 

Contract liability assumed from EOS

 

 

21,196

 

Payments received

 

 

2,586

 

Revenue recognized

 

 

(3,390

)

Balance at June 30, 2021

 

$

20,392

 

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information related to the Company’s liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020 (in thousands):

 

 

June 30, 2021

 

Liabilities:

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liability classified equity award (1)

$

 

 

 

 

 

 

4,404

 

 

$

4,404

 

Foreign currency forward contract

 

 

 

 

151

 

 

 

 

 

 

151

 

Total

$

 

 

 

151

 

 

 

4,404

 

 

$

4,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 and six months ended June 30, 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

 

Vested portion of liability classified equity award

 

 

283

 

Change in fair value measurement

 

 

(68

)

Balance at June 30, 2021

 

$

2,340