FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Contingent Consideration

The fair value of contingent consideration in connection with the Bridg acquisition is as follows (in thousands):

	December 31, 2021
	Level 1		Level 2		Level 3		Total
Liabilities:
Current contingent consideration	$	—	$	—	$	182,470	$	182,470
Long-term contingent consideration	—		—		49,825		49,825
Total liabilities	$	—	$	—	$	232,295	$	232,295

	June 30, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Current contingent consideration	$	—	$	—	$	164,277	$	164,277
Total liabilities	$	—	$	—	$	164,277	$	164,277

The following table shows a reconciliation of the beginning and ending fair value measurements of our contingent consideration, which we have valued using level 3 inputs:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2022		2021		2022
Beginning balance	$	—	$	167,245	$	—	$	232,295
Increase due to acquisition	230,921		—		230,921		—
Unrealized loss (gain) due to change in fair value	1,480		(2,968)		1,480		$	(68,018)
Ending balance	$	232,401	$	164,277	$	232,401	$	164,277

Schedule of Assumptions used for Estimating Fair Value of Contingent Consideration

The following table summarizes key assumptions used for estimating the fair value of the contingent consideration:

	June 30, 2022
Revenue volatility	20.0	%
Revenue discount rate	7.1	%
Weighted average cost of capital	16.5	%
Common stock volatility	83.0	%
Portion to be paid in cash	30.0	%