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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities by Level within the Fair Value Hierarchy
The following table sets forth the fair value of our financial assets and liabilities by level within the fair value hierarchy:
 
March 31, 2020
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
(in thousands)
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
105,566

 
$

 
$

 
$
105,566

Short-term investment:
 
 
 
 
 
 
 
Certificate of deposit
150,000

 


 

 
150,000

Total assets at fair value
$
255,566

 
$

 
$

 
$
255,566

Liabilities
 
 
 
 
 
 
 
Other current liabilities—contingent consideration
$

 
$

 
$
2,915

 
$
2,915

Total liabilities at fair value
$

 
$

 
$
2,915

 
$
2,915


 
December 31, 2019
 
Level 1
 
Level 2
 
Level 3
 
Fair Value
 
(in thousands)
Assets
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
130,640

 
$

 
$

 
$
130,640

Short-term investment:
 
 
 
 
 
 
 
Certificate of deposit
$
150,000

 
$

 
$

 
$
150,000

Total assets at fair value
$
280,640

 
$

 
$

 
$
280,640

Liabilities
 
 
 
 
 
 
 
Other current liabilities—contingent consideration
$

 
$

 
$
3,004

 
$
3,004

Other noncurrent liabilities—contingent consideration

 

 
2,411

 
2,411

Total liabilities at fair value
$

 
$

 
$
5,415

 
$
5,415


Schedule of Investments Reconciliation
Cash, cash equivalents and short-term investments were as follows (in thousands): 
 
March 31, 2020
 
Adjusted Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
(in thousands)
Cash
$
112,662


$


$


$
112,662

Money market funds
105,566




$


105,566

Total cash, and cash equivalents
218,228






218,228

Certificate of deposit
150,000






150,000

Total short-term investments
150,000






150,000

Total cash, cash equivalents and short-term investments
$
368,228

 
$

 
$

 
$
368,228

 
December 31, 2019
 
Adjusted Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
(in thousands)
Cash
$
111,098

 
$

 
$

 
$
111,098

Money market funds
130,640

 

 

 
130,640

Total cash, and cash equivalents
241,738

 

 

 
241,738

Certificate of deposit
150,000

 
 
 

 
150,000

Total short-term investments
150,000

 

 

 
150,000

Total cash, cash equivalents and short-term investments
$
391,738

 
$

 
$

 
$
391,738


Schedule of Changes in Level 3 Financial Liability The following table sets forth the changes in our Level 3 financial liabilities for the periods presented:
 
Three Months Ended March 31,
 
2020
 
2019
 
(in thousands)
Beginning balance
$
5,415

 
$
5,004

Contingent consideration recorded upon acquisition (Note 4)

 
3,300

Change in fair value of contingent consideration (Note 4)
84

 
674

Payment related to myStrength contingent consideration (Note 4)
(2,584
)
 

Ending balance
$
2,915

 
$
8,978