v3.24.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present our assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair Value Measurements on a Recurring Basis
Assets:Level 1Level 2Level 3Total
Money market accounts as of September 30, 2024
$1,164,218 $— $— $1,164,218 
Equity securities with readily determinable fair value as of September 30, 2024
5,349 — — 5,349 
Money market accounts as of December 31, 2023
679,734 — — 679,734 
Liabilities:
Contingent consideration liability from acquisition as of September 30, 2024
$— $— $2,166 $2,166 
Contingent consideration liability from acquisition as of December 31, 2023
— — 2,061 2,061 
Schedule of Fair Value of Level 3 Liability
The following table summarizes the change in fair value of the Level 3 contingent consideration liability with significant unobservable inputs (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Beginning of period balance$2,105 $2,020 $2,061 $— 
Acquired liabilities— — — 1,993 
Changes in fair value included in earnings61 (4)105 23 
End of period balance$2,166 $2,016 $2,166 $2,016