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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