Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Financial assets and financial liabilities measured at fair value on a recurring basis consist of the following as of June 30, 2022 and December 31, 2021 (amounts in thousands):

	As of June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Money market accounts	$	389,374	$	—	$	—	$	389,374
Liabilities:
Short-term contingent consideration	$	—	$	—	$	17,046	$	17,046
Long-term contingent consideration	$	—	$	—	$	67,897	$	67,897
	As of December 31, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market accounts	$	460,936	$	—	$	—	$	460,936
Liabilities:
Long-term contingent consideration	$	—	$	—	$	94,238	$	94,238

Schedule of Reconciliation of the Change in the Fair Value of Contingent Consideration - Earnout

A reconciliation of the change in the fair value of contingent consideration - earnout is included in the following table (amounts in thousands):

Balance as of December 31, 2021	$	94,238
Contingent consideration earnouts		(9,295	)
Balance as of June 30, 2022	$	84,943

Schedule of Contingent Consideration Earnout Expect to be Required to Settle Include Significant Unobservable Inputs

The recurring Level 3 fair value measurement of our contingent consideration earnout that we expect to be required to settle include the following significant unobservable inputs (amounts in thousands, except percent data):

Contingent Consideration Earnout	Fair Value as of  June 30, 2022		Valuation Technique	Unobservable Input	Range	Weighted Average(1)
				Probability of
Commercialization-based			Monte Carlo	Success	100%	100%
payments	$	28,390	Simulation	Earnout Discount Rate	4.5%-5.8%	5.1%
				Volatility	23.7%	23.7%
Revenue and Volume-			Monte Carlo	Revenue & Volume
based payments	$	56,553	Simulation	Discount Rate	7.4%	7.4%
				Earnout Discount Rate	4.5%-5.8%	5.1%

Unobservable inputs were weighted by the relative fair value of the contingent consideration liability.