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Fair Value of Financial Measurements (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023 (unaudited)
Total Fair Value as of March 31, 2023
Level 1
Level 2
Level 3
Assets:
Cash and cash equivalents
Cash$58,442 $58,442 $— $— 
Restricted cash403,758 403,758 — — 
Marketable securities
Corporate and municipal debt securities170,126 — 170,126 — 
Long-term marketable securities
Corporate and municipal debt securities54,157 — 54,157 — 
Other assets
Marketable securities - restricted (SERP)514 12 502 — 
Total assets at fair value$686,997 $462,212 $224,785 $— 
Liabilities:
Contingent consideration$53,320 $— $— $53,320 
Total liabilities at fair value$53,320 $— $— $53,320 
Fair Value Measurements as of December 31, 2022
Total Fair Value as of December 31, 2022
Level 1
Level 2
Level 3
Assets:
Cash and cash equivalents
Cash$52,181 $52,181 $— $— 
Money market securities and funds40,939 40,939 — — 
Marketable securities
Corporate and municipal debt securities368,214 — 368,214 — 
Long-term marketable securities
Corporate and municipal debt securities93,896 — 93,896 — 
Other assets
Marketable securities - restricted (SERP)496 11 485 — 
Total assets at fair value$555,726 $93,131 $462,595 $— 
Liabilities:
Contingent consideration$54,967 $— $— $54,967 
Total liabilities at fair value$54,967 $— $— $54,967 
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, 2023December 31, 2022
Carrying ValueFair Value (Level 2)Carrying ValueFair Value (Level 2)
(unaudited)
Convertible notes, net$402,500 $401,494 $401,968 $395,959