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Fair Value (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of fair value measurements of liabilities measured at fair value on recurring basis

The following table details the fair value measurements of liabilities that are measured at fair value on a recurring basis:


		Fair Value Measurement at December 31, 2021
											Total
		Level 1			Level 2			Level 3			Fair Value
Assets
Money market mutual funds		$	17,318		$	—		$	—		$	17,318
Debt securities:
U.S. Treasuries			5,417			—			—			5,417
Obligations of states and municipalities			—			8,850			—			8,850
Corporate bonds			—			31,425			—			31,425
Residential and commercial mortgage-backed securities			—			14,282			—			14,282
Other loan-backed and structured securities			—			7,601			—			7,601
		$	22,735		$	62,158		$	—		$	84,893
Liabilities
Contingent consideration - business combinations		$	—		$	—		$	9,617		$	9,617
Contingent consideration - earnout			—			—			13,866			13,866
Private warrant liability			—			—			15,193			15,193
		$	—		$	—		$	38,676		$	38,676


		Fair Value Measurement at December 31, 2020
											Total
		Level 1			Level 2			Level 3			Fair Value
Contingent consideration - business combinations		$	—		$	—		$	3,549		$	3,549
Contingent consideration - earnout			—			—			50,238			50,238
Private warrant liability			—			—			31,534			31,534
		$	—		$	—		$	85,321		$	85,321

Schedule of Level 3 items measured at fair value on a recurring basis


				Contingent
	Contingent			Consideration -			Private
	Consideration -			Business			Warrant
	Earnout			Combinations			Liability
Fair value as of January 1, 2021	$	50,238		$	3,549		$	31,534
Additions		—			10,374			—
Settlements		(54,891)			(2,062)			(31,730)
Change in fair value, loss (gain) included in net loss⁽¹⁾		18,519			(2,244)			15,389
Fair value as of December 31, 2021	$	13,866		$	9,617		$	15,193


		Redeemable										Contingent
		Convertible						Contingent				Consideration -		Private
		Preferred Stock						Consideration -				Business		Warrant
		Warrants			FVO Notes			Earnout			Combinations			Liability
Fair value as of January 1, 2020		$	6,684		$	11,659		$	—		$	100		$	—
Additions			1,762			—			50,238			1,749			33,961
Settlements			(11,030)			(8,698)			—			—			—
Change in fair value, loss (gain) included in net loss⁽¹⁾			2,584			895			—			1,700			(2,427)
Gain on extinguishment of debt			—			(3,856)			—			—			—
Fair value as of December 31, 2020		$	—		$	—		$	50,238		$	3,549		$	31,534


		Redeemable						Contingent
		Convertible						Consideration -
		Preferred Stock						Business
		Warrants			FVO Notes			Combinations
Fair value as of January 1, 2019		$	436		$	—		$	400
Additions			6,651			5,500			—
Settlements			(2,493)			—			—
Change in fair value, loss (gain) included in net loss⁽¹⁾			2,090			6,159			(300)
Fair value as of December 31, 2019		$	6,684		$	11,659		$	100

(1)	Changes in fair value of redeemable convertible preferred stock warrants and FVO Notes are included in other income (expense), net, and changes in fair value of contingent consideration are included in general and administrative expenses in the consolidated statements of operations.