XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Financial Instruments and Fair Value (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Unrealized Gain (Loss) on Investments | The Company's cash, cash equivalents, and marketable securities by significant investment category are as follows:
| Amortized Cost |  | Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  |
Balance at March 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  |  | $ | 168,635 |  |  |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  |  |  |  |  |  |  | 14,018 |  |  |
U.S. Treasury securities | $ | 70,169 |  |  | $ | 9 |  |  |  |  | $ | 70,178 |  |  | 70,178 |  |  |
Total Level 1 | 70,169 |  |  | 9 |  |  |  |  | 70,178 |  |  | 84,196 |  |  |
Total | $ | 70,169 |  |  | $ | 9 |  |  |  |  | $ | 70,178 |  |  | $ | 252,831 |  |  |
| Amortized Cost |  | Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable Securities
Balance at December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  |  | $ | 221,980 |  |  | $ | — |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  |  |  |  |  |  |  | 13,906 |  |  | — |
U.S. Treasury securities | $ | 242,228 |  |  | $ | 42 |  |  |  |  | $ | 242,270 |  |  | 176,732 |  |  | 65,538 |
Total Level 1 | 242,228 |  |  | 42 |  |  |  |  | 242,270 |  |  | 190,638 |  |  | 65,538 |
Total | $ | 242,228 |  |  | $ | 42 |  |  |  |  | $ | 242,270 |  |  | $ | 412,618 |  |  | $ | 65,538 |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
Schedule of Fair Value, Separate Account Investment | The following tables provide a summary of the fair value measurements for each major category of investments, assets designated for retirement and pension plans and associated liabilities measured at fair value:
|  |  |  | Balance Sheet Classification
|  |  |  | Current Assets |  |  |  | Non-Current Assets |  | Current Liabilities |  | Non-current Liabilities
|  | Fair Value |  | Other Current Assets |  |  |  | Assets Designated for Retirement and Pension Plans |  | Investments |  | Other Current Liabilities |  | Retirement and Pension Plans
Balance at March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. non-qualified deferred compensation plan |  | $ | 54,835 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 54,835 |  |  | $ | — |  |  | $ | — |
Level 2(2): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retirement and pension plan assets |  | 12,114 |  |  | 1,260 |  |  |  |  | 10,854 |  |  | — |  |  | — |  |  | — |
Pension benefit obligation |  | (14,090) |  |  | — |  |  |  |  | — |  |  | — |  |  | (1,260) |  |  | (12,830) |
Total Level 2 |  | (1,976) |  |  | 1,260 |  |  |  |  | 10,854 |  |  | — |  |  | (1,260) |  |  | (12,830) |
Total |  | $ | 52,859 |  |  | $ | 1,260 |  |  |  |  | $ | 10,854 |  |  | $ | 54,835 |  |  | $ | (1,260) |  |  | $ | (12,830) |
|  |  | Balance Sheet Classification
|  |  | Current Assets |  |  |  | Non-Current Assets |  | Current Liabilities |  | Non-current Liabilities
| Fair Value |  | Other Current Assets |  |  |  | Assets Designated for Retirement and Pension Plans |  | Investments |  | Other Current Liabilities |  | Retirement and Pension Plans
Balance at December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. non-qualified deferred compensation plan | $ | 47,287 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 47,287 |  |  | $ | — |  |  | $ | — |
Level 2(2): |  |  |  |  |  |  |  |  |  |  |  |  |
Retirement and pension plan assets | 12,394 |  |  | 1,289 |  |  |  |  | 11,105 |  |  | — |  |  | — |  |  | — |
Pension benefit obligation | (14,416) |  |  | — |  |  |  |  | — |  |  | — |  |  | (1,289) |  |  | (13,127) |
Total Level 2 | (2,022) |  |  | 1,289 |  |  |  |  | 11,105 |  |  | — |  |  | (1,289) |  |  | (13,127) |
Total | $ | 45,265 |  |  | $ | 1,289 |  |  |  |  | $ | 11,105 |  |  | $ | 47,287 |  |  | $ | (1,289) |  |  | $ | (13,127) |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities. (2)Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
Schedule of Reconciliation of Level 3 Assets and Liabilities | The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the three months ended March 31, 2024:
|  |  |  | Earnout |  | Contingent Compensation
Balance at December 31, 2023 |  |  |  | $ | (38,601) |  |  | $ | (18,878) |
Earnout accretion |  |  |  | (466) |  |  | — |
Compensation expense |  |  |  | — |  |  | (1,988) |
Payments |  |  |  | — |  |  | 4,821 |
Foreign currency translation |  |  |  | 812 |  |  | 491 |
Balance at March 31, 2024 |  |  |  | $ | (38,255) |  |  | $ | (15,554) |

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration