FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023
	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	$	43,944	$	—	$	—	$	43,944
Commercial paper		—		4,994		—		4,994
Corporate bonds		—		18,140		—		18,140
U.S. Treasury securities		—		9,900		—		9,900
Government bonds		—		14,834		—		14,834
Equity securities		686		—		—		686
Other investments		—		—		2,000		2,000
Total assets	$	44,630	$	47,868	$	2,000	$	94,498
Liabilities:
Contingent consideration	$	—	$	—	$	1,754	$	1,754
Total liabilities	$	—	$	—	$	1,754	$	1,754

	December 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	$	51,274	$	—	$	—	$	51,274
Commercial paper		—		39,781		—		39,781
Corporate bonds		—		28,814		—		28,814
U.S. Treasury securities				19,818				19,818
Government bonds		—		14,744		—		14,744
Asset-backed securities		—		3,988		—		3,998
Equity securities		1,088		—		—		1,088
Other investments		—		—		2,000		2,000
Total assets	$	52,362	$	107,145	$	2,000	$	161,517
Liabilities:
Contingent consideration	$	—	$	—	$	2,587	$	2,587
Total liabilities	$	—	$	—	$	2,587	$	2,587

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,
	2023		2022
Balance at beginning of period	$	2,000	$	6,750
Balance at end of period	$	2,000	$	6,750

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,
	2023		2022
Balance at beginning of period	$	2,587	$	5,654
Payment of contingent consideration liability		(833)		—
Changes in fair value		—		(114)
Balance at end of period	$	1,754	$	5,540