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Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis, and indicate the fair value hierarchy of the valuation techniques used to determine such fair value:
March 31,
2022
Level 1Level 2Level 3
Assets
Cash equivalents:
Commercial paper$61,431 $— $61,431 $— 
Investments:
GICs25,018 — 25,018 — 
Total$86,449 $— $86,449 $— 
Liabilities
Liability for contingent consideration (note 13)1,248 — — 1,248 
Total$1,248 $— $— $1,248 


December 31,
2021
Level 1Level 2Level 3
Assets
Cash equivalents:
Commercial paper$61,387 $— $61,387 $— 
Investments:
GICs50,741 — 50,741 — 
Total$112,128 $— $112,128 $— 
Liabilities
Liability for contingent consideration (note 13)1,498 1,498 
Total$1,498 $— $— $1,498 
Summary of Changes in Fair Value of the Company's Liability for Contingent Consideration
The following table presents the changes in fair value of the Company’s liability for contingent consideration:
Liability at
the beginning
of the period
Increase
(decrease) in
fair value of
liability for
contingent
consideration
Amounts paid or transferred to payablesLiability at end
of the period
Three months ended March 31, 2022$1,498 $— $(250)$1,248