Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Measurements

Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):

		As of March 31, 2021
		Carrying		Fair		Fair Value Measurements
		Amount		Value		Level 1		Level 2		Level 3
Assets
Cash equivalents (1)	$	93,941	$	93,941	$	—	$	93,941	$	—
Corporate bonds		99,171		99,171		—		99,171		—
Commercial paper		306,089		306,089		—		306,089		—
Liabilities
Contingent consideration		10,550		10,550		—		—		10,550
Convertible senior notes		191,768		1,320,952		—		1,320,952		—
Long-term debt		161,259		161,259		—		—		161,259
Finance obligations		182,791		182,791		—		—		182,791
		As of December 31, 2020
		Carrying		Fair		Fair Value Measurements
		Amount		Value		Level 1		Level 2		Level 3
Liabilities
Contingent consideration		9,760		9,760		—		—		9,760
Convertible senior notes		85,640		1,272,766		—		1,272,766		—
Long-term debt		175,402		175,402		—		—		175,402
Finance obligations		181,553		181,553		—		—		181,553