Fair Value of Financial Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023 (unaudited)
	Total Fair Value as of September 30, 2023 (unaudited)		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	38,302	$	38,302	$	—	$	—
Money market securities and funds	56,683		56,683		—		—
Marketable securities
Corporate and municipal debt securities	105,204		—		105,204		—
Long-term marketable securities
Corporate and municipal debt securities	25,125		—		25,125		—
Other assets
Marketable securities - restricted (SERP)	512		14		498		—
Total assets at fair value	$	225,826	$	94,999	$	130,827	$	—
Liabilities:
Contingent consideration	$	53,654	$	—	$	—	$	53,654
Total liabilities at fair value	$	53,654	$	—	$	—	$	53,654

			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 funds	40,939		40,939		—		—
Marketable securities
Corporate and municipal debt securities	368,214		—		368,214		—
Long-term marketable securities
Corporate and municipal debt securities	93,896		—		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

As of December 31, 2022, the carrying value and fair value of the 2023 Notes which were not carried at fair value was as follows (dollars in thousands):

	December 31, 2022
	Carrying Value		Fair Value (Level 2)
Convertible notes, net	$	401,968	$	395,959