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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Measurements  
Schedule assets and 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 using the above input categories (in thousands):

March 31, 2021

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

720,104

$

0

$

0

$

720,104

Short-term investments

$

0

$

2,530

$

0

$

2,530

Equity securities without readily determinable fair values

$

0

$

10,852

$

0

$

10,852

Contingent liability

$

0

$

0

$

4,138

$

4,138

December 31, 2020

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

733,324

$

0

$

0

$

733,324

Short-term investments

$

0

$

53,245

$

0

$

53,245

Equity securities without readily determinable fair values

$

0

$

5,000

$

0

$

5,000

Contingent liability

$

0

$

0

$

4,514

$

4,514

Schedule of change in fair value of the Company's equity securities without readily determinable fair values:

The change in fair value of the Company’s equity securities without readily determinable fair values was as follows:

Fair value and historical cost basis at December 31, 2020

$

5,000

Upward adjustment due to observable price change in identical securities

 

5,852

Fair value at March 31, 2021

$

10,852

Schedule of reconciliation of company's Level 3 liabilities

Fair value at December 31, 2020

$

4,514

Payments

 

(187)

Currency translation adjustment

(189)

Fair value at March 31, 2021

$

4,138