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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables summarize the Company’s assets that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2021Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
Investment in convertible notes$32,065 $— $32,065 
Fair Value Measurement at Reporting Date Using
December 31, 2020Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
Investment in convertible notes (1)
$31,266 $— $— $31,266 
(1) The fair value on the Company's investment in convertible notes for the year ended December 31, 2020 includes accrued interest of $1.1 million, which is presented within other current assets on the consolidated balance sheets.
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for assets for the year ended December 31 (in thousands):
20212020
Assets:
Beginning of year balance$31,266 $30,234 
Accrued interest928 903 
Fair value adjustments(129)129 
Ending balance$32,065 $31,266 
Schedule of Liabilities Measured on a Recurring Basis
The following tables summarizes the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2021Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$19,434 $— $— $19,434 
Contingent earnout shares42,831 — 42,831 — 
Warrants13 — 13 — 
Total$62,278 $— $42,844 $19,434 
Fair Value Measurement at Reporting Date Using
December 31, 2020Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$17,260 $— $— $17,260 
Contingent earnout shares33,069 — 33,069 — 
Warrants13 — 13 — 
Total$50,342 $— $33,082 $17,260 
Schedule of Changes in Level 3 Instruments The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for liabilities for the years ended December 31 (in thousands):
202120202019
Liabilities:
Beginning of year balance$17,260 $17,327 $6,782 
Issuance of contingent consideration in connection with acquisitions105 3,245 7,216 
Payment of contingent consideration(4,358)(4,420)(1,658)
Fair value adjustments6,427 1,108 4,987 
Ending balance$19,434 $17,260 $17,327