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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 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

​

$

46,521

​

$

—

​

$

—

​

$

46,521

Commercial paper

​

​

—

​

​

70,401

​

​

—

​

​

70,401

Corporate bonds

​

 

—

​

 

65,617

​

 

—

​

​

65,617

Government bonds

​

​

—

​

​

36,476

​

​

—

​

​

36,476

Asset-backed securities

​

​

—

​

​

24,656

​

​

—

​

​

24,656

Equity securities

​

​

7,420

​

​

—

​

​

—

​

​

7,420

Other investments

​

​

—

​

​

—

​

​

6,750

​

​

6,750

Total assets

​

$

53,941

​

$

197,150

​

$

6,750

​

$

257,841

Liabilities:

​

​

​

​

​

​

​

​

​

​

​

​

Contingent consideration

​

$

—

​

$

—

​

$

5,654

​

$

5,654

Total liabilities

​

$

—

​

$

—

​

$

5,654

​

$

5,654

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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):

​

​

​

​

​

​

​

​

​

​

Year Ended December 31, 

​

​

2021

    

2020

Balance at beginning of period

​

$

3,000

​

$

—

Additions

​

​

23,620

​

​

3,000

Changes in fair value

​

​

(12,450)

​

​

—

Transfers to Level 1

​

​

(7,420)

​

​

—

Balance at end of period

​

$

6,750

​

$

3,000

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):

​

​

​

​

​

​

​

​

​

Year Ended December 31, 

​

​

2021

    

2020

Balance at beginning of period

​

$

93,328

​

$

—

Additions

​

​

6,558

​

​

149,745

Changes in fair value

​

​

58,592

​

​

(56,417)

Exercise of private placement warrants

​

​

(149,904)

​

​

—

Disposals

​

​

(2,920)

​

​

—

Balance at end of period

​

$

5,654

​

$

93,328