| Schedule of Reconciliation of Earnout Liabilities Measured at Fair Value on a Recurring Basis Unobservable Inputs |
The table below presents a reconciliation of earnout liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
|
|
|
|
|
|
|
|
|
(in thousands) |
|
December 31,
2023 |
|
|
December 31,
2022 |
|
Balance at beginning of year |
|
$ |
2,250 |
|
|
$ |
7,500 |
|
Additions |
|
|
7,800 |
|
|
|
1,000 |
|
Net change in fair value and other adjustments |
|
|
302 |
|
|
|
1,250 |
|
Payments |
|
|
— |
|
|
|
(7,500 |
) |
Balance at end of year |
|
$ |
10,352 |
|
|
$ |
2,250 |
|
|
| Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis |
At December 31, 2023 and 2022, assets and liabilities measured at fair value on a recurring basis were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2023 |
|
(in thousands) |
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
87,869 |
|
|
$ |
87,869 |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial paper (maturities less than 90 days) |
|
|
4,227 |
|
|
|
— |
|
|
|
4,227 |
|
|
|
— |
|
Certificates of deposit (maturities less than 90 days) |
|
|
1,000 |
|
|
|
— |
|
|
|
1,000 |
|
|
|
— |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasuries |
|
|
62,461 |
|
|
|
— |
|
|
|
62,461 |
|
|
|
— |
|
Corporate bonds |
|
|
2,324 |
|
|
|
— |
|
|
|
2,324 |
|
|
|
— |
|
Commercial paper |
|
|
94,336 |
|
|
|
— |
|
|
|
94,336 |
|
|
|
— |
|
Certificates of deposit |
|
|
17,971 |
|
|
|
— |
|
|
|
17,971 |
|
|
|
— |
|
Prepaid expenses and other current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
|
3,426 |
|
|
|
— |
|
|
|
3,426 |
|
|
|
— |
|
Other assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
|
509 |
|
|
|
— |
|
|
|
509 |
|
|
|
— |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
|
10,352 |
|
|
|
— |
|
|
|
— |
|
|
|
10,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2022 |
|
(in thousands) |
|
Total |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
39,523 |
|
|
$ |
39,523 |
|
|
$ |
— |
|
|
$ |
— |
|
Commercial paper (maturities less than 90 days) |
|
|
2,276 |
|
|
|
— |
|
|
|
2,276 |
|
|
|
— |
|
Certificates of deposit (maturities less than 90 days) |
|
|
1,549 |
|
|
|
— |
|
|
|
1,549 |
|
|
|
— |
|
Agency bonds (maturities less than 90 days) |
|
|
768 |
|
|
|
— |
|
|
|
768 |
|
|
|
— |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. treasuries |
|
|
59,723 |
|
|
|
— |
|
|
|
59,723 |
|
|
|
— |
|
Agency bonds |
|
|
6,452 |
|
|
|
— |
|
|
|
6,452 |
|
|
|
— |
|
Commercial paper |
|
|
95,737 |
|
|
|
— |
|
|
|
95,737 |
|
|
|
— |
|
Certificates of deposit |
|
|
23,027 |
|
|
|
— |
|
|
|
23,027 |
|
|
|
— |
|
Prepaid expenses and other current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
|
3,716 |
|
|
|
— |
|
|
|
3,716 |
|
|
|
— |
|
Other assets: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
|
2,834 |
|
|
|
— |
|
|
|
2,834 |
|
|
|
— |
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Other long-term liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration |
|
|
2,250 |
|
|
|
— |
|
|
|
— |
|
|
|
2,250 |
|
|