Fair Value (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Reconciliation of Level 3 Acquisition-Related Contingent Consideration Payable

A reconciliation of the beginning and ending balances of Level 3 acquisition-related contingent consideration payable using significant unobservable inputs for the six months ended June 30, 2023 are as follows:

	Amount (in thousands)
Contingent consideration payable as of December 31, 2022	$	3,288
Acquisition date fair value of contingent consideration payable - NextSphere	932
Change in fair value of contingent consideration payable included in Other income/(expense) - Mutual Mobile	(2,554)
Contingent consideration payable as of June 30, 2023	$	1,666

Financial Assets and Liabilities Not Measured at Fair Value on a Recurring Basis

The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:

					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
	(in thousands)
June 30, 2023
Financial Assets:
Cash equivalents:
Money market funds	$	197,211	$	197,211	$	197,211	$	—	$	—
December 31, 2022
Financial Assets:
Cash equivalents:
Money market funds	$	205,787	$	205,787	$	205,787	$	—	$	—