XML 56 R42.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Our financial assets and liabilities measured at fair value on a recurring basis are as follows:
 Fair value measurements as of December 31, 2022
(In thousands)Quoted
prices in
active
markets for
identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)		Total
Assets:
Money market funds$102,773 $— $— $102,773 
Equity securities648 — — 648 
Equity Method - fair value option21,120 — — 21,120 
Common stock options/warrants— 28 — 28 
Total assets$124,541 $28 $— $124,569 
Liabilities:
Forward contracts$— $1,123 $— 1,123 
Contingent consideration:— — 1,036 1,036 
Total liabilities$— $1,123 $1,036 $2,159 
Fair value measurements as of December 31, 2021
(In thousands)Quoted
prices in
active
markets for
identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)		Total
Assets:
Equity securities$4,226 $— $— $4,226 
Common stock options/warrants— 16 — 16 
Forward contracts— 122 — 122 
Total assets$4,226 $138 $— $4,364 
Liabilities:
Contingent consideration:$— $— $2,837 $2,837 
Total liabilities$— $— $2,837 $2,837 
Carrying Amount and Estimated Fair Value of Long-Term Debt
The carrying amount and estimated fair value of our 2025 Notes, as well as the applicable fair value hierarchy tiers, are contained in the table below. The fair value of the 2025 Notes is determined using inputs other than quoted prices in active markets that are directly observable.
 December 31, 2022
(In thousands)Carrying
Value		Total
Fair Value		Level 1Level 2Level 3
2025 Notes$142,096 $125,495 $— $125,495 $— 
Reconciliation of the Beginning and Ending Balances of Level 3 Assets
The following tables reconcile the beginning and ending balances of our Level 3 assets and liabilities as of December 31, 2022 and 2021:
December 31, 2022
(In thousands)Contingent
consideration
Balance at December 31, 2021$2,837 
Change in fair value:
Included in results of operations(1,312)
Foreign currency impact(489)
Balance at December 31, 2022$1,036 
December 31, 2021
(In thousands)Contingent
consideration
Balance at December 31, 2020$5,695 
Change in fair value
Included in results of operations(1,703)
Foreign currency impact7 
Payments(1,162)
Balance at December 31, 2021$2,837 
Reconciliation of the Beginning and Ending Balances of Level 3 Liabilities
The following tables reconcile the beginning and ending balances of our Level 3 assets and liabilities as of December 31, 2022 and 2021:
December 31, 2022
(In thousands)Contingent
consideration
Balance at December 31, 2021$2,837 
Change in fair value:
Included in results of operations(1,312)
Foreign currency impact(489)
Balance at December 31, 2022$1,036 
December 31, 2021
(In thousands)Contingent
consideration
Balance at December 31, 2020$5,695 
Change in fair value
Included in results of operations(1,703)
Foreign currency impact7 
Payments(1,162)
Balance at December 31, 2021$2,837