Fair Value of Financial Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value of Financial Assets and Liabilities

Schedule of assets and liabilities measured at fair value on a recurring basis

	June 30, 2021
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	103,855	$	—	$	—	$	103,855
Marketable securities		—		152,730		—		152,730
Total assets	$	103,855	$	152,730	$	—	$	256,585
Liabilities:
Contingent consideration	$	—	$	—	$	25,300	$	25,300
Total liabilities	$	—	$	—	$	25,300	$	25,300

	December 31, 2020
(In thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	14,955	$	1,500	$	—	$	16,455
Marketable securities		—		32,068		—		32,068
Total assets	$	14,955	$	33,568	$	—	$	48,523
Liabilities:
Contingent consideration	$	—	$	—	$	4,061	$	4,061
Total liabilities	$	—	$	—	$	4,061	$	4,061

Schedule of the fair value of available for sale marketable securities

	June 30, 2021
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gain		Loss		Value
Marketable securities:
Corporate debt securities	$	28,548	$	3	$	(7)	$	28,544
Commercial paper		70,518		—		—		70,518
Asset-backed debt securities		30,951		1		(7)		30,945
U.S. government agency debt securities		22,721		3		(1)		22,723
Total marketable securities	$	152,738	$	7	$	(15)	$	152,730

	December 31, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
(In thousands)	Cost		Gain		Loss		Value
Marketable securities:
Commercial paper	$	20,483	$	—	$	—	$	20,483
Asset-backed debt securities		4,036		1		—		4,037
U.S. government agency debt securities		7,547		1		—		7,548
Total marketable securities	$	32,066	$	2	$	—	$	32,068