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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables present the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 and December 31, 2023:
As of September 30, 2024
BalanceLevel 1Level 2Level 3
Foreign exchange derivative assets$3,275 $— $3,275 $— 
Total assets measured at fair value on a recurring basis$3,275 $ $3,275 $ 
Foreign exchange derivative liabilities$3,945 $— $3,945 $— 
Contingent consideration liabilities31,998 — — 31,998 
Total liabilities measured at fair value on a recurring basis
$35,943 $ $3,945 $31,998 
As of December 31, 2023
BalanceLevel 1Level 2Level 3
Foreign exchange derivative assets$10,416 $— $10,416 $— 
Total assets measured at fair value on a recurring basis$10,416 $ $10,416 $ 
Foreign exchange derivative liabilities$248 $— $248 $— 
Contingent consideration liabilities23,150  — 23,150 
Total liabilities measured at fair value on a recurring basis
$23,398 $ $248 $23,150 
Schedule of Acquisition-Related Contingent Consideration Roll Forward
A reconciliation of the beginning and ending balances of Level 3 contingent consideration liabilities using significant unobservable inputs for the nine months ended September 30, 2024 is as follows:
Amount
Contingent consideration liabilities as of January 1, 2024
$23,150 
Acquisition date fair value of contingent consideration — 2024 Acquisitions9,756 
Changes in fair value of contingent consideration included in Interest and other income, net4,031 
Payment of contingent consideration for previously acquired businesses(5,000)
Effect of foreign currency exchange rate changes, net61 
Contingent consideration liabilities as of September 30, 2024
$31,998 
Schedule of Estimated Fair Values of Financial Assets and Liabilities not Measured at Fair Value on Recurring Basis
The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:
Fair Value Hierarchy
BalanceEstimated Fair ValueLevel 1Level 2Level 3
September 30, 2024
Financial Assets:
Cash equivalents:
Money market funds$149,142 $149,142 $149,142 $— $— 
Time deposits28,921 28,921 — 28,921 — 
Total cash equivalents$178,063 $178,063 $149,142 $28,921 $— 
Time deposits included in Short-term investments$20,920 $20,920 $— $20,920 $— 
Financial Liabilities:
Borrowings under the 2021 Credit Agreement$25,000 $25,000 $— $25,000 $— 
Deferred consideration for asset acquisition$47,083 $47,083 $— $47,083 $— 
Fair Value Hierarchy
BalanceEstimated Fair ValueLevel 1Level 2Level 3
December 31, 2023
Financial Assets:
Cash equivalents:
Money market funds$168,120 $168,120 $168,120 $— $— 
Time deposits105,210 105,210 — 105,210 — 
Total cash equivalents$273,330 $273,330 $168,120 $105,210 $— 
Time deposits included in Short-term investments$60,739 $60,739 $— $60,739 $— 
Financial Liabilities:
Borrowings under the 2021 Credit Agreement$25,000 $25,000 $— $25,000 $— 
Deferred consideration for asset acquisition$46,954 $46,954 $— $46,954 $—