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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present our assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair Value Measurements on a Recurring Basis
Level 1Level 2Level 3Total
Assets:
Money market accounts as of December 31, 2023
$679,734 $— $— $679,734 
Money market accounts as of December 31, 2022
510,326 — — 510,326 
Liabilities:
Contingent consideration liability from acquisition as of December 31, 2023
$— $— $2,061 $2,061 
Summary of Fair Value of Level 3 Liability
The following table summarizes the change in fair value of the Level 3 liabilities with significant unobservable inputs (in thousands):
Year Ended December 31,
20232022
2021
Contingent Consideration Liability from Acquisition
Subsidiary Long-Term Incentive Plan
Subsidiary Long-Term Incentive Plan
Beginning of period balance$— $3,351 $1,000 
Acquired liabilities1,993 — — 
Changes in fair value included in earnings68 (247)2,351 
Reclassification to additional paid in capital upon modification
— (3,104)— 
End of period balance$2,061 $— $3,351