Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the following periods (in thousands):

	March 31, 2022								December 31, 2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	204,603	$	4,857	$	—	$	209,460	$	204,672	$	6,649	$	—	$	211,321
Marketable securities	—		64,996		—		64,996		—		63,610		—		63,610
Derivative assets	—		257		—		257		—		84		—		84
Total assets measured at fair value	$	204,603	$	70,110	$	—	$	274,713	$	204,672	$	70,343	$	—	$	275,015
Liabilities:
Derivative liabilities	$	—	$	29	$	—	$	29	$	—	$	269	$	—	$	269
Contingent consideration	—		—		6,044		6,044		—		—		6,073		6,073
Deferred consideration	—		79,418		—		79,418		—		78,436		—		78,436
Total liabilities measured at fair value	$	—	$	79,447	$	6,044	$	85,491	$	—	$	78,705	$	6,073	$	84,778

Changes in Estimated Fair Value of Contingent Consideration Liabilities

Changes in estimated fair value of contingent consideration liabilities from December 31, 2021 through March 31, 2022 were as follows (in thousands):

	Contingent consideration liabilities (Level 3 measurement)
Balance at December 31, 2021	$	6,073
Cash payments	(29)
Balance at March 31, 2022	$	6,044