Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Our financial assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair value measurements as of March 31, 2022
(In thousands)	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets:
Equity securities	$	3,064	$	—	$	—	$	3,064
Common stock options/warrants	—		15		—		15
Total assets	$	3,064	$	15	$	—	$	3,079
Liabilities:
Forward contracts	—		462		—		462
Contingent consideration	—		—		2,729		2,729
Total liabilities	$	—	$	462	$	2,729	$	3,191

	Fair value measurements as of December 31, 2021
(In thousands)	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets:
Equity securities	$	4,226	$	—	$	—	$	4,226
Common stock options/warrants	—		16		—		16
Forward contracts	—		122		—		122
Total assets	$	4,226	$	138	$	—	$	4,364
Liabilities:
Contingent consideration	—		—		2,837		2,837
Total liabilities	$	—	$	—	$	2,837	$	2,837

Carrying Amount and Estimated Fair Value of Long-Term Debt

The carrying amount and estimated fair value of our 2025 Notes, as well as the applicable fair value hierarchy tiers, are contained in the table below. The fair value of the 2025 Notes is determined using inputs other than quoted prices in active markets that are directly observable.

	March 31, 2022
(In thousands)	Carrying Value		Total Fair Value		Level 1		Level 2		Level 3
2025 Notes	$	141,267	$	164,270	$	—	$	164,270	$	—

Reconciliation of the Beginning and Ending Balances of Level 3 Assets

The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of March 31, 2022:

	March 31, 2022
(In thousands)	Contingent consideration
Balance at December 31, 2021	$	2,837
Change in fair value:
Included in results of operations	(106)
Foreign currency impact	(2)
Balance at March 31, 2022	$	2,729

Reconciliation of the Beginning and Ending Balances of Level 3 Liabilities

The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of March 31, 2022:

	March 31, 2022
(In thousands)	Contingent consideration
Balance at December 31, 2021	$	2,837
Change in fair value:
Included in results of operations	(106)
Foreign currency impact	(2)
Balance at March 31, 2022	$	2,729