Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2021 (in thousands):

Description	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market account	$	100,000	$	—	$	—	$	100,000
Total financial assets	$	100,000	$	—	$	—	$	100,000
Liabilities:
Contingent consideration	$	—	$	—	$	13,700	$	13,700
Total financial liabilities	$	—	$	—	$	13,700	$	13,700

Summary of the Changes In Fair Value of Financial Instruments

The following table presents a summary of the changes in fair value of the Company's Level 3 financial instruments:

in thousands	Contingent Consideration
Fair value as of January 1, 2021	$	—
Recognition of contingent consideration liability upon acquisition		18,400
Gain on change in fair value included in other income, net		4,700
Fair value as of December 31, 2021	$	13,700

Summary of Range of Inputs To Determine The Fair Value of Contingent Consideration

The following table sets forth the range of inputs for the significant assumptions utilized to determine the fair value of contingent consideration:

	Contingent Consideration
Risk-free interest rate		0.56	%
Expected revenue volatility		20.0	%
Revenue discount rate		5.50	%
Discount rate		3.25	%