Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of fair value of financial instruments measured on a recurring basis

The fair value of financial instruments measured on a recurring basis is as follows:

	June 30, 2024
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents - money market funds	$	238,204	$	—	$	—	$	238,204
Liabilities:
Contingent consideration	$	—	$	—	$	76,660	$	76,660

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Cash and cash equivalents - money market funds	$	251,768	$	—	$	—	$	251,768
Liabilities:
Contingent consideration	$	—	$	—	$	79,707	$	79,707

Schedule of changes in fair value of contingent consideration liabilities

The fair value of the contingent consideration liabilities is marked-to-market each reporting period and was remeasured at June 30, 2024. Changes in fair value of the contingent consideration liabilities as of June 30, 2024 are as follows:

	Contingent consideration
Balance at December 31, 2023	$	79,707
Adjustment to fair value		748
Payments		(3,795	)
Balance at June 30, 2024 (Level 3)	$	76,660

Schedule of fair value measurements of contingent consideration recurring include significant unobservable inputs

The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:

			As of June 30, 2024	As of December 31, 2023
	Valuation methodology	Significant unobservable input	Weighted average (range, if applicable)	Weighted average (range, if applicable)
Contingent consideration	Probability weighted income approach	Discount rate	15.9%	13.2%
		Revenue discount rate	16.1% - 19.1%	16.4% - 19.4%