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Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value  
Schedule of fair value measurements of liabilities measured at fair value on recurring basis

Fair Value Measurement as of December 31, 2022

Total 

Level 1

Level 2

    

Level 3

    

Fair Value

Assets

Money market mutual funds

$

6,619

$

$

$

6,619

Debt securities:

U.S. Treasuries

35,322

35,322

Obligations of states and municipalities

10,225

10,225

Corporate bonds

28,227

28,227

Residential and commercial mortgage-backed securities

11,533

11,533

Other loan-backed and structured securities

6,334

6,334

$

41,941

$

56,319

$

$

98,260

Liabilities

Contingent consideration - business combinations

$

$

$

24,546

    

$

24,546

Contingent consideration - earnout

 

 

 

44

    

44

Private warrant liability

 

707

707

$

$

$

25,297

$

25,297

Fair Value Measurement as of December 31, 2021

Total 

Level 1

    

Level 2

    

Level 3

    

Fair Value

Assets

Money market mutual funds

$

17,318

$

$

$

17,318

Debt securities:

U.S. Treasuries

5,417

5,417

Obligations of states and municipalities

8,850

8,850

Corporate bonds

31,425

31,425

Residential and commercial mortgage-backed securities

14,282

14,282

Other loan-backed and structured securities

7,601

7,601

$

22,735

$

62,158

$

$

84,893

Liabilities

Contingent consideration - business combinations

$

$

$

9,617

$

9,617

Contingent consideration - earnout

 

 

 

13,866

 

13,866

Private warrant liability

 

15,193

15,193

$

$

$

38,676

$

38,676

Schedule of Level 3 items measured at fair value on a recurring basis

Contingent 

Contingent 

Consideration -

Private

Consideration -

Business

Warrant

    

Earnout

    

Combinations

    

Liability

Fair value as of January 1, 2022

$

13,866

$

9,617

$

15,193

Additions

8,700

Settlements

(715)

Change in fair value, loss (gain) included in net loss(1)

(13,822)

6,944

(14,486)

Fair value as of December 31, 2022

$

44

$

24,546

$

707

Contingent

Contingent

Consideration -

Private

Consideration -

Business

Warrant

Earnout

    

Combinations

    

Liability

Fair value as of January 1, 2021

$

50,238

$

3,549

$

31,534

Additions

 

10,374

Settlements

(54,891)

(2,062)

(31,730)

Change in fair value, loss (gain) included in net loss(1)

18,519

(2,244)

15,389

Fair value as of December 31, 2021

$

13,866

$

9,617

$

15,193

Redeemable 

Contingent

Convertible 

Contingent

Consideration -

Private

Preferred Stock 

Consideration -

Business

Warrant

    

Warrants

    

FVO Notes

    

Earnout

Combinations

Liability

Fair value as of January 1, 2020

$

6,684

$

11,659

$

$

100

$

Additions

 

1,762

 

 

50,238

 

1,749

 

33,961

Settlements

(11,030)

(8,698)

 

 

 

Change in fair value, loss (gain) included in net loss(1)

2,584

895

 

 

1,700

 

(2,427)

Gain on extinguishment of debt

(3,856)

Fair value as of December 31, 2020

$

$

$

50,238

$

3,549

$

31,534

(1)Changes in fair value of redeemable convertible preferred stock warrants and FVO Notes are included in other income (expense), net, and changes in fair value of contingent consideration are included in general and administrative expenses in the consolidated statements of operations (See Note 7).