FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

FAIR VALUE MEASUREMENTS

Schedule of financial assets measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s financial assets measured at fair value on a recurring basis and indicates the fair value hierarchy of the inputs the Company utilized to determine such fair value (in thousands):

	September 30, 2021
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Items		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Money market funds	$	126,086	$	—	$	—	$	126,086
Commercial paper		—		128,825		—		128,825
Corporate bonds		—		86,899		—		86,899
Government bonds		—		36,520		—		36,520
Asset-backed securities		—		24,828		—		24,828
Equity securities		—		—		15,200		15,200
Company-owned life insurance cash surrender value		—		330		—		330
Other investments		—		—		7,259		7,259
Total assets	$	126,086	$	277,402	$	22,459	$	425,947
Liabilities:
Contingent consideration	$	—	$	—	$	5,917	$	5,917
Total liabilities	$	—	$	—	$	5,917	$	5,917

	December 31, 2020
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Items		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets:
Money market funds	$	407,512	$	—	$	—	$	407,512
Commercial paper		—		119,285		—		119,285
Corporate bonds		—		47,959		—		47,959
U.S. Treasury securities		19,997		—		—		19,997
Other investments		—		—		3,000		3,000
Total assets	$	427,509	$	167,244	$	3,000	$	597,753
Liabilities:
Private Placement Warrants	$	—	$	—	$	93,328	$	93,328
Total liabilities	$	—	$	—	$	93,328	$	93,328

Schedule of Level 3 assets measured at fair value

The following table presents information about the Company’s movement in Level 3 assets measured at fair value (in thousands):

	Nine Months Ended September 30,
	2021		2020
Balance at beginning of period	$	3,000	$	—
Additions		23,620		—
Changes in fair value		(4,161)		—
Balance at end of period	$	22,459	$	—

Schedule of Level 3 liabilities measured at fair value

The following table presents information about the Company’s movement in Level 3 liabilities measured at fair value (in thousands):

	Nine Months Ended September 30,
	2021		2020
Balance at beginning of period	$	93,328	$	—
Additions		6,558		—
Changes in fair value		59,022		—
Foreign currency translation		(167)
Exercise of private placement warrants		(149,904)		—
Disposals		(2,920)
Balance at end of period	$	5,917	$	—