Schedule of fair value of the financial assets and liabilities |
The Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2022 | | | | Total Fair Value at December 31, 2022 | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobservable Inputs that Reflect the Company's own Assumptions (Level 3) | | | Assets: | | | | | | | | | | Cash and cash equivalents | | | | | | | | | | Cash | $ | 52,181 | | | $ | 52,181 | | | $ | — | | | $ | — | | | | Money market funds | 40,939 | | | 40,939 | | | — | | | — | | | | Marketable securities | | | | | | | | | | Corporate, U.S. government agency and municipal debt securities | 368,214 | | | — | | | 368,214 | | | — | | | | Long term marketable securities | | | | | | | | | | Corporate and municipal debt securities | 93,896 | | | — | | | 93,896 | | | — | | | | Other noncurrent assets | | | | | | | | | | Marketable securities - restricted (SERP) | 496 | | | 11 | | | 485 | | | — | | | | Total assets at fair value | $ | 555,726 | | | $ | 93,131 | | | $ | 462,595 | | | $ | — | | | | Liabilities: | | | | | | | | | | Contingent consideration | $ | 54,967 | | | $ | — | | | $ | — | | | $ | 54,967 | | | | Total liabilities at fair value | $ | 54,967 | | | $ | — | | | $ | — | | | $ | 54,967 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2021 | | Total Fair Value at December 31, 2021 | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Unobservable Inputs that Reflect the Company's own Assumptions (Level 3) | | | Assets: | | | | | | | | | | Cash and cash equivalents | | | | | | | | | | Cash | $ | 148,863 | | | $ | 148,863 | | | $ | — | | | $ | — | | | | Money market funds | 54,571 | | | 54,571 | | | — | | | — | | | | Marketable securities | | | | | | | | | | Corporate debt securities | 136,246 | | | 251 | | | 135,995 | | | — | | | | Long term marketable securities | | | | | | | | | | Corporate debt securities | 119,166 | | | — | | | 119,166 | | | — | | | | Other noncurrent assets | | | | | | | | | | Marketable securities - restricted (SERP) | 630 | | | 7 | | | 623 | | | — | | | | Total assets at fair value | $ | 459,476 | | | $ | 203,692 | | | $ | 255,784 | | | $ | — | | | | Liabilities: | | | | | | | | | | Contingent consideration | $ | 80,477 | | | $ | — | | | $ | — | | | $ | 80,477 | | | | Total liabilities at fair value | $ | 80,477 | | | $ | — | | | $ | — | | | $ | 80,477 | | | |
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Schedule of financial liabilities that are not carried at fair value |
The following table sets forth the carrying value and fair value of the Company's financial liabilities that are not carried at fair value (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | December 31, 2021 | | Carrying Value | | Fair Value (Level 2) | | Carrying Value | | Fair Value (Level 2) | Convertible notes, net | $ | 401,968 | | | $ | 395,959 | | | $ | 379,252 | | | $ | 400,236 | |
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