Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques used to determine such fair value:

	Level 1		Level 2		Level 3		Total
As of March 31, 2020	(in thousands)
Assets
Cash and cash equivalents	$	26,416	$	—	$	—	$	26,416
Short-term investments	58,475		—		—		58,475
Long-term investments	3,215		—		—		3,215
Total	88,106		—		—		88,106
Liabilities
Liability-classified options	—		—		58		58
Contingent consideration	—		—		3,065		3,065
Total	$	—	$	—	$	3,123	$	3,123

Changes in fair value of liability option

The following table presents the changes in fair value of the Company’s liability-classified stock option awards:

	Liability at beginning of the period		Fair value of liability-classified options exercised in the period			Increase (decrease) in fair value of liability			Liability at end of the period
	(in thousands)
Three months ended March 31, 2019	$	479	$	—		$	(65	)	$	414
Three months ended March 31, 2020	$	253	$	(9	)	$	(186	)	$	58

Schedule of changes in fair value of contingent consideration

The following table presents the changes in fair value of the Company’s contingent consideration:

	Liability at beginning of the period		Increase (decrease) in fair value of liability		Liability at end of the period
	(in thousands)
Three months ended March 31, 2019	$	3,126	$	125	$	3,251
Three months ended March 31, 2020	$	2,953	$	112	$	3,065