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Fair Value of Financial Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of fair value of the financial assets and liabilities The Company’s financial assets that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):
Fair Value Measurements as of March 31, 2022 (unaudited)
Total Fair Value as of March 31, 2022
Level 1
Level 2
Level 3
Assets:
Cash and cash equivalents
Cash$84,218 $84,218 $— $— 
Money market securities and funds31,497 1,502 29,995 — 
Marketable securities
Corporate and municipal debt securities196,485 — 196,485 — 
Long-term marketable securities
Corporate and municipal debt securities125,337 — 125,337 — 
Other assets
Marketable securities - restricted (SERP)570 8 562 — 
Total assets at fair value$438,107 $85,728 $352,379 $— 
Liabilities:
Contingent consideration$56,142 $— $— $56,142 
Total liabilities at fair value$56,142 $— $— $56,142 
Fair Value Measurements as of December 31, 2021
Total Fair Value as of December 31, 2021
Level 1
Level 2
Level 3
Assets:
Cash and cash equivalents
Cash$148,863 $148,863 $— $— 
Money market securities and funds54,571 54,571 — — 
Marketable securities
Corporate and municipal debt securities136,246 251 135,995 — 
Long-term marketable securities
Corporate and municipal debt securities119,166 — 119,166 — 
Other assets
Marketable securities - restricted (SERP)630 7 623 — 
Total assets at fair value$459,476 $203,692 $255,784 $— 
Liabilities:
Contingent consideration$80,477 $— $— $80,477 
Total liabilities at fair value$80,477 $— $— $80,477 
Schedule of financial liabilities that are not carried at fair value
The following table sets forth the carrying value and fair value of the Company's financial liabilities that are not carried at fair value (dollars in thousands):
March 31, 2022December 31, 2021
Carrying ValueFair Value (Level 2)Carrying ValueFair Value (Level 2)
Convertible notes, net$400,382 $395,456 $379,252 $400,236