XML 49 R33.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on recurring basis The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2022 and 2021, and indicates the fair value hierarchy of the valuation inputs the Company
utilized to determine such fair value. As of December 31, 2022 and 2021, the value of the Private Placement Warrants was determined using a Monte Carlo simulation. The Private Placement Warrants are classified as a Level 3 financial instrument. There was no activity in Warrant liability related to the Private Placement Warrants during the periods presented. The contingent consideration outstanding as of December 31, 2021 was paid in the second quarter of 2022.
As of December 31, 2022
(in thousands)Level 1Level 2Level 3Total
Assets
Cash and cash equivalents:
Money market funds$513,009 $— $— $513,009 
Liabilities
Warrant liability — Private Placement Warrants— — 15,473 15,473 

As of December 31, 2021
(in thousands)Level 1Level 2Level 3Total
Assets
Cash and cash equivalents:
Money market funds$861,943 $— $— $861,943 
Liabilities
Contingent consideration$— $— $783 $783 
Warrant liability — Private Placement Warrants$— $— $93,816 $93,816