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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Values of Financial Instruments Measured On Recurring Basis
The following tables present the fair values of the Company’s financial assets or liabilities (in thousands):
September 30, 2022Level 1Level 2Level 3Fair ValueCarrying Value
Assets:
Cash equivalents:
   Money market and other funds$170,574 $— $— $170,574 $170,574 
Investment in corporate debt securities— — 15,000 15,000 15,000 
Investment in Consensus54,897 — — 54,897 54,897 
Total assets measured at fair value$225,471 $— $15,000 $240,471 $240,471 
Liabilities:
Contingent consideration$— $— $1,106 $1,106 $1,106 
Debt891,852 — — 891,852 998,499 
Total liabilities measured at fair value$891,852 $— $1,106 $892,958 $999,605 
December 31, 2021Level 1Level 2Level 3Fair ValueCarrying Value
Assets:
Cash equivalents:
   Money market and other funds$144,255 $— $— $144,255 $144,255 
Investment in Consensus229,200 — — 229,200 229,200 
Total assets measured at fair value$373,455 $— $— $373,455 $373,455 
Liabilities:
Contingent consideration$— $— $5,775 $5,775 $5,775 
Debt1,345,311 — — 1,345,311 1,090,627 
Total liabilities measured at fair value$1,345,311 $— $5,775 $1,351,086 $1,096,402 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table presents a reconciliation of the Company’s Level 3 financial assets related to our investment in corporate debt securities that are measured at fair value on a recurring basis (in thousands):
Level 3Affected line item in the Statement of Operations
Balance as of January 1, 2022$— 
Investment in corporate debt securities15,000 Not applicable
Balance as of September 30, 2022$15,000 
Reconciliation of Level 3 Financial Liabilities Measured on Recurring Basis
The following table presents a reconciliation of the Company’s Level 3 financial liabilities related to contingent consideration that are measured at fair value on a recurring basis (in thousands):
Level 3Affected line item in the Statement of Operations
Balance as of January 1, 2022$5,775 
Contingent consideration555 
Total fair value adjustments reported in earnings(2,305)General and administrative
Contingent consideration payments(2,919)Not applicable
Balance as of September 30, 2022$1,106