FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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):

	March 31, 2022
	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	$	87,581	$	—	$	—	$	87,581
Commercial paper		—		56,282		—		56,282
Corporate bonds		—		16,108		—		16,108
Government bonds		—		17,271		—		17,271
Asset-backed securities		—		7,514		—		7,514
Equity securities		5,720		—		—		5,720
Other investments		—		—		6,750		6,750
Total assets	$	93,301	$	97,175	$	6,750	$	197,226
Liabilities:
Contingent consideration	$	—	$	—	$	5,540	$	5,540
Total liabilities	$	—	$	—	$	5,540	$	5,540

	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		—		24,655		—		24,655
Equity securities		7,420		—		—		7,420
Other investments		—		—		6,750		6,750
Total assets	$	53,941	$	197,149	$	6,750	$	257,840
Liabilities:
Contingent consideration	$	—	$	—	$	5,654	$	5,654
Total liabilities	$	—	$	—	$	5,654	$	5,654

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):

	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	6,750	$	3,000
Changes in fair value		—		25
Balance at end of period	$	6,750	$	3,025

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):

	Three Months Ended March 31,
	2022		2021
Balance at beginning of period	$	5,654	$	93,328
Changes in fair value		(114)		56,576
Exercise of private placement warrants		—		(149,904)
Balance at end of period	$	5,540	$	—