FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table shows the fair values of the Company’s financial liabilities measured at fair value on a recurring basis as of December 31, 2024:


	As of December 31, 2024
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative liabilities	$	14,650	$	—	$	14,650	$	—
Contingent consideration	32,978		—		—		32,978
Total liabilities measured at fair value on a recurring basis	$	47,628	$	—	$	14,650	$	32,978

The following table shows the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023.


	As of December 31, 2023
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	10,416	$	—	$	10,416	$	—

Total assets measured at fair value on a recurring basis	$	10,416	$	—	$	10,416	$	—

Foreign exchange derivative liabilities	$	248	$	—	$	248	$	—
Contingent consideration	23,150		—		—		23,150
Total liabilities measured at fair value on a recurring basis	$	23,398	$	—	$	248	$	23,150

Schedule of Acquisition-Related Contingent Consideration Roll Forward

A reconciliation of the beginning and ending balances of Level 3 contingent consideration liabilities using significant unobservable inputs for the years ended December 31, 2022, December 31, 2023, and December 31, 2024 are as follows:


	Amount
Contingent consideration liabilities as of January 1, 2022	$	23,114
Acquisition date fair value of contingent consideration — 2022 Acquisitions	2,645
Changes in fair value of contingent consideration included in Interest and other income, net	11,101
Payment of contingent consideration for previously acquired businesses	(11,328)
Effect of net foreign currency exchange rate changes	(1,224)
Contingent consideration liabilities as of December 31, 2022	$	24,308
Acquisition date fair value of contingent consideration — 2023 Acquisitions	14,850
Changes in fair value of contingent consideration included in Interest and other income, net	2,814
Payment of contingent consideration for previously acquired businesses	(18,844)
Effect of net foreign currency exchange rate changes	22
Contingent consideration liabilities as of December 31, 2023	$	23,150
Acquisition date fair value of assumed contingent consideration — NEORIS	4,654
Acquisition date fair value of contingent consideration — Other 2024 Acquisitions	9,755
Changes in fair value of contingent consideration included in Interest and other income, net	5,699
Payment of contingent consideration for previously acquired businesses	(10,125)
Effect of net foreign currency exchange rate changes	(155)
Contingent consideration liabilities as of December 31, 2024	$	32,978

Schedule of Estimated Fair Values of Financial Assets and Liabilities Not Measured at Fair Value on a Recurring Basis

The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:


					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2024
Financial Assets:
Cash equivalents:
Money market funds	$	5,200	$	5,200	$	5,200	$	—	$	—
Time deposits	16,907		16,907		—		16,907		—
Total cash equivalents	$	22,107	$	22,107	$	5,200	$	16,907	$	—

Financial Liabilities:
Borrowings under 2021 Credit Agreement	$	25,000	$	25,000	$	—	$	25,000	$	—
Deferred consideration for asset acquisition	$	33,187	$	33,187	$	—	$	33,187	$	—


					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2023
Financial Assets:
Cash equivalents:
Money market funds	$	168,120	$	168,120	$	168,120	$	—	$	—
Time deposits	105,210		105,210		—		105,210		—
Total cash equivalents	$	273,330	$	273,330	$	168,120	$	105,210	$	—
Time deposits included in Short-term investments	$	60,739	$	60,739	$	—	$	60,739	$	—
Financial Liabilities:
Borrowings under 2021 Credit Agreement	$	25,000	$	25,000	$	—	$	25,000	$	—
Deferred consideration for asset acquisition	$	46,954	$	46,954	$	—	$	46,954	$	—