Fair value measurement (Tables)

9 Months Ended

Sep. 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 September 30, 2023 and December 31, 2022, based on the three-tier fair value hierarchy:

(In thousands)

As of September 30, 2023	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market accounts	$	12,392	$	-	$	-	$	12,392
Available-for-sale securities:
U.S. government securities	5,028		-		-		5,028
Corporate debt securities	-		15,898		-		15,898
Other debt securities	-		2,024		-		2,024
Total	$	17,420	$	17,922	$	-	$	35,342
Liabilities:
Contingent consideration - business combinations	-		-		415		415
Debt	-		25,971		-		25,971
Total	$	-	$	25,971	$	415	$	26,386
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:

	Nine Months Ended September 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	(1,778)		(3,348)
Payment of contingent consideration earned	(2,263)		(817)
Ending balance	$	415	$	5,862