XML 34 R22.htm IDEA: XBRL DOCUMENT v3.21.1

Investments and Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Marketable Investments

The following table presents the Company’s marketable investments as of March 31, 2021 and December 31, 2020 (in thousands):

						March 31, 2021
												Securities with net gains or losses in accumulated other comprehensive income (loss)
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Allowance  for  Credit Loss						Fair Value
Commercial paper						$	4,247					$	2					$	—					$	—					$	4,249
U.S. agency and government sponsored securities						4,548						7						—						—						4,555
U.S. states and municipalities						47,283						148						(6)						—						47,425
Corporate bonds						130,411						396						(59)						—						130,748
Total						$	186,489					$	553					$	(65)					$	—					$	186,977

						December 31, 2020
												Securities with net gains or losses in accumulated other comprehensive income (loss)
						Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Allowance  for  Credit Loss						Fair Value
Commercial paper						$	4,242					$	4					$	—					$	—					$	4,246
U.S. agency and government sponsored securities						7,846						11						—						—						7,857
U.S. states and municipalities						47,934						162						(1)						—						48,095
Corporate bonds						134,298						669						(3)						—						134,964
Total						$	194,320					$	846					$	(4)					$	—					$	195,162

Schedule of the Fair Value of Marketable Investments in an Unrealized Loss Position for Less than Twelve Months

The following tables present the gross unrealized losses and the fair value for those marketable investments that were in an unrealized loss position for less than twelve months or for twelve months or more as of March 31, 2021 and December 31, 2020 (in thousands):

						March 31, 2021
						Less than 12 months												12 months or more												Total
						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
U.S. states and municipalities						$	3,590					$	(6)					$	—					$	—					$	3,590					$	(6)
Corporate bonds						32,127						(59)						—						—						32,127						(59)
Total						$	35,717					$	(65)					$	—					$	—					$	35,717					$	(65)

						December 31, 2020
						Less than 12 months												12 months or more												Total
						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses						Fair Value						Gross Unrealized Losses
U.S. states and municipalities						1,408						(1)						—						—						1,408						(1)
Corporate bonds						$	12,552					$	(3)					$	—					$	—					$	12,552					$	(3)
Total						$	13,960					$	(4)					$	—					$	—					$	13,960					$	(4)

Schedule of Contractual Maturities of Marketable Investments

The following table presents the contractual maturities of the Company’s marketable investments as of March 31, 2021 (in thousands):

						March 31, 2021
						Amortized Cost						Fair Value
Due in less than one year						$	100,191					$	100,403
Due in one to five years						86,298						86,574
Total						$	186,489					$	186,977

Schedule of Fair Value of Assets and Liabilities

The following tables set forth the Company’s financial assets measured at fair value by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):

						As of March 31, 2021
						Level 1						Level 2						Level 3						Fair Value
Financial Assets
Cash equivalents:
Money market funds						$	11,056					$	—					$	—					$	11,056
Marketable investments:
Commercial paper						—						4,249						—						4,249
U.S. agency and government sponsored securities						—						4,555						—						4,555
U.S. states and municipalities						—						47,425						—						47,425
Corporate bonds						—						130,748						—						130,748
Total						$	11,056					$	186,977					$	—					$	198,033

						As of December 31, 2020
						Level 1						Level 2						Level 3						Fair Value
Financial Assets
Cash equivalents:
Money market funds						33,054						—						—						33,054
Marketable investments:
Commercial paper						—						4,246						—						4,246
U.S. agency and government sponsored securities						—						7,857						—						7,857
U.S. states and municipalities						—						48,095						—						48,095
Corporate bonds						—						134,964						—						134,964
Total						$	33,054					$	195,162					$	—					$	228,216

Schedule of Fair Value of Contingent Consideration Obligation

The following table summarizes the changes in fair value of the contingent consideration obligation for the three months ended March 31, 2020 (in thousands):

						Fair Value of Contingent Consideration
Balance at December 31, 2019						$	1,206
Payments of contingent consideration liabilities						(1,186)
Changes in fair value						—
Foreign currency remeasurement						(20)
Balance at March 31, 2020						$	—

X

- Definition

Tabular disclosure of fair value of investments in debt and equity securities in an unrealized loss position categorized neither as held-to-maturity nor trading securities.

+ References

No definition available.

+ Details

Name:	us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments.

+ References

No definition available.

+ Details

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration