Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of fair value of the financial assets and liabilities

The Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):

			Fair Value Measurements at June 30, 2022 (unaudited)
	Total Fair Value at June 30, 2022		Level 1		Level 2		Level 3
Assets:	(unaudited)
Cash and cash equivalents
Cash	$	135,199	$	135,199	$	—	$	—
Money market securities and commercial paper	38,229		25,785		12,444		—
Marketable securities
Corporate and municipal debt securities	187,359		—		187,359		—
Long-term marketable securities
Corporate and municipal debt securities	147,373		—		147,373		—
Other assets
Marketable securities - restricted (SERP)	478		9		469		—
Total assets at fair value	$	508,638	$	160,993	$	347,645	$	—
Liabilities:
Contingent consideration	$	56,885	$	—	$	—	$	56,885
Total liabilities at fair value	$	56,885	$	—	$	—	$	56,885

			Fair Value Measurements at December 31, 2021
	Total Fair Value at December 31, 2021		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	148,863	$	148,863	$	—	$	—
Money market securities and funds	54,571		54,571		—		—
Marketable securities
Corporate and municipal debt securities	136,246		251		135,995		—
Long-term marketable securities
Corporate and municipal debt securities	119,166		—		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):

	June 30, 2022				December 31, 2021
	(unaudited)
	Carrying Value		Fair Value (Level 2)		Carrying Value		Fair Value (Level 2)
2023 Notes	$	400,909	$	390,425	$	379,252	$	400,236