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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present our assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair Value Measurements on a Recurring Basis
Assets:Level 1Level 2Level 3Total
Money market accounts as of June 30, 2024
$1,093,874 $— $— $1,093,874 
Equity securities with readily determinable fair value as of June 30, 2024
1,427 — — 1,427 
Money market accounts as of December 31, 2023
679,734 — — 679,734 
Liabilities:
Contingent consideration liability from acquisition as of June 30, 2024
$— $— $2,105 $2,105 
Contingent consideration liability from acquisition as of December 31, 2023
— — 2,061 2,061 
Schedule of Fair Value of Level 3 Liability
The following table summarizes the change in fair value of the Level 3 contingent consideration liability with significant unobservable inputs (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Beginning of period balance$2,092 $2,006 $2,061 $— 
Acquired liabilities— — — 1,993 
Changes in fair value included in earnings13 14 44 27 
End of period balance$2,105 $2,020 $2,105 $2,020