Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

v3.22.2.2
Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Investments All Other Investments [Abstract]  
Schedule of Cash and Cash Equivalents

The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of September 30, 2022, the Company’s cash and cash equivalents were as follows:

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash and

 

 

 

 

 

 

Unrealized

 

 

Fair

 

 

Cash

 

 

 

Cost

 

 

Losses

 

 

Value

 

 

Equivalents

 

Cash

 

$

195,037

 

 

$

 

 

$

195,037

 

 

$

195,037

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

1,034

 

 

 

 

 

 

1,034

 

 

 

1,034

 

Total

 

$

196,071

 

 

$

 

 

$

196,071

 

 

$

196,071

 

 

 

As of December 31, 2021, the Company’s cash and cash equivalents balances were as follows:

 

 

 

 

 

 

Gross

 

 

 

 

 

Cash and

 

 

 

 

 

 

Unrealized

 

 

Fair

 

 

Cash

 

 

 

Cost

 

 

Losses

 

 

Value

 

 

Equivalents

 

Cash

 

$

253,693

 

 

$

 

 

$

253,693

 

 

$

253,693

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

1,029

 

 

 

 

 

 

1,029

 

 

 

1,029

 

Total

 

$

254,722

 

 

$

 

 

$

254,722

 

 

$

254,722

 

Schedule of Contingent Consideration Liabilities Current and Non-current Balances

As of September 30, 2022, the Company’s contingent consideration liabilities current and non-current balances were as follows:

 

 

 

 

 

 

Changes in

 

 

Amount Paid

 

 

Reclass from
Non-current to

 

 

Fair

 

 

 

Cost

 

 

Fair Value

 

 

To Date

 

 

Current

 

 

Value

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration, current

 

$

18,128

 

 

$

(11,308

)

 

$

(20,816

)

 

$

21,143

 

 

 

7,147

 

Contingent consideration, non-current

 

 

21,384

 

 

 

305

 

 

 

 

 

 

(21,143

)

 

 

546

 

Total

 

$

39,512

 

 

$

(11,003

)

 

$

(20,816

)

 

$

 

 

$

7,693

 

 

As of December 31, 2021, the Company’s contingent consideration liabilities current and non-current balances were as follows:

 

 

 

 

 

 

Changes in

 

 

Fair

 

 

Contingent

 

 

 

Cost

 

 

Fair Value

 

 

Value

 

 

Consideration

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration, current

 

$

18,128

 

 

$

1,925

 

 

$

20,053

 

 

$

20,053

 

Contingent consideration, non-current

 

 

21,384

 

 

 

10,149

 

 

 

31,533

 

 

 

31,533

 

Total

 

$

39,512

 

 

$

12,074

 

 

$

51,586

 

 

$

51,586

 

Contingent Consideration  
Investments All Other Investments [Abstract]  
Summary of Quantitative Information with Respect to Significant Unobservable Inputs

The following table summarizes quantitative information with respect to the significant unobservable inputs that were used to value the contingent consideration as of September 30, 2022:

 

 

Contingent Consideration

 

Revenue volatility

 

 

15

%

Weighted-average cost of capital

 

 

38

%

Risk-free rate

 

 

4.1

%