Business and Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

Below is a table presenting the beginning-of-period and end-of-period cash amounts from the Company’s Condensed Consolidated Balance Sheets and the total cash amounts presented in the Condensed Consolidated Statements of Cash Flows (in thousands).

	September 30,		December 31,
	2022		2021
Cash and cash equivalents	$	528,687	$	756,493
Restricted cash classified in (1):
Prepaid expenses and other current assets	—		4,109
Cash and cash equivalents and restricted cash	$	528,687	$	760,602

(1)Restricted cash consisted of an escrow account established in connection with the Company’s 2021 business acquisition. Generally, such cash is restricted to use due to provisions contained in the underlying stock or asset purchase agreement. During the three months ended September 30, 2022, the Company paid $4.1 million of restricted cash for deferred

consideration related to a 2021 acquisition. Note 2 - Acquisition provides additional information regarding the 2021 acquisition.

Restrictions on Cash and Cash Equivalents

Below is a table presenting the beginning-of-period and end-of-period cash amounts from the Company’s Condensed Consolidated Balance Sheets and the total cash amounts presented in the Condensed Consolidated Statements of Cash Flows (in thousands).

	September 30,		December 31,
	2022		2021
Cash and cash equivalents	$	528,687	$	756,493
Restricted cash classified in (1):
Prepaid expenses and other current assets	—		4,109
Cash and cash equivalents and restricted cash	$	528,687	$	760,602

(1)Restricted cash consisted of an escrow account established in connection with the Company’s 2021 business acquisition. Generally, such cash is restricted to use due to provisions contained in the underlying stock or asset purchase agreement. During the three months ended September 30, 2022, the Company paid $4.1 million of restricted cash for deferred

consideration related to a 2021 acquisition. Note 2 - Acquisition provides additional information regarding the 2021 acquisition.