Fair value measurement (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of the Company's Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables set forth the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, based on the three-tier fair value hierarchy:

(In thousands)

As of June 30, 2023	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	15,788	$	-	$	-	$	15,788
Available-for-sale securities:
U.S. government securities	5,909		-		-		5,909
Corporate debt securities	-		18,338		-		18,338
Other debt securities	-		2,450		-		2,450
Total	$	21,697	$	20,788	$	-	$	42,485
Liabilities:
Contingent consideration - business combinations	-		-		1,995		1,995
Debt	-		25,507		-		25,507
Total	$	-	$	25,507	$	1,995	$	27,502
As of December 31, 2022
Assets:
Cash equivalents:
Money market accounts	$	11,416	$	-	$	-	$	11,416
Available-for-sale securities:
U.S. government securities	15,051		-		-		15,051
Corporate debt securities	-		26,047		-		26,047
Other debt securities	-		3,494		-		3,494
Total	$	26,467	$	29,541	$	-	$	56,008
Liabilities:
Contingent consideration - business combinations	-		-		4,456		4,456
Debt	-		25,607		-		25,607
Total	$	-	$	25,607	$	4,456	$	30,063

Schedule of the Changes in Fair Value of Contingent Consideration Liabilities

The following table presents the changes in fair value of contingent consideration liabilities which are measured using Level 3 inputs:

	Six Months Ended June 30,
(In thousands)	2023		2022
Beginning balance as of December 31, 2022 and 2021	$	4,456	$	10,027
Change in fair value recognized in net loss	(198)		(3,335)
Payment of contingent consideration earned	(2,263)		—
Ending balance	$	1,995	$	6,692