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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2023
Fair Value Disclosures [Abstract] |
Fair Values of Financial Instruments Measured On Recurring Basis | The following tables present the fair values of the Company’s financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):
March 31, 2023 | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Value
Assets: |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |
Money market and other funds | $ | 292,847 |  |  | $ | — |  |  | $ | — |  |  | $ | 292,847 |  |  | $ | 292,847 |
Short-term investments: |  |  |  |  |  |  |  |  |
Certificates of deposit | — |  |  | 3,753 |  |  | — |  |  | 3,753 |  |  | 3,753 |
Investment in Consensus | 35,259 |  |  | — |  |  | — |  |  | 35,259 |  |  | 35,259 |
Long-term investments: |  |  |  |  |  |  |  |  |
Investment in corporate debt securities | — |  |  | — |  |  | 16,019 |  |  | 16,019 |  |  | 16,019 |
Total assets measured at fair value | $ | 328,106 |  |  | $ | 3,753 |  |  | $ | 16,019 |  |  | $ | 347,878 |  |  | $ | 347,878 |
Liabilities: |  |  |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 555 |  |  | $ | 555 |  |  | $ | 555 |
Debt: |  |  |  |  |  |  |  |  |
4.625% Senior Notes | 399,203 |  |  |  |  |  |  | 399,203 |  |  | 456,498 |
1.75% Convertible Notes | 540,237 |  |  |  |  |  |  | 540,237 |  |  | 543,119 |
Total liabilities measured at fair value | $ | 939,440 |  |  | $ | — |  |  | $ | 555 |  |  | $ | 939,995 |  |  | $ | 1,000,172 |
December 31, 2022 | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Value
Assets: |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |
Money market and other funds | $ | 312,010 |  |  | $ | — |  |  | $ | — |  |  | $ | 312,010 |  |  | $ | 312,010 |
Short-term investments: |  |  |  |  |  |  |  |  |
Investment in Consensus | 58,421 |  |  | — |  |  | — |  |  | 58,421 |  |  | 58,421 |
Long-term investments: |  |  |  |  |  |  |  |  |
Investment in corporate debt securities | — |  |  | — |  |  | 15,586 |  |  | 15,586 |  |  | 15,586 |
Total assets measured at fair value | $ | 370,431 |  |  | $ | — |  |  | $ | 15,586 |  |  | $ | 386,017 |  |  | $ | 386,017 |
Liabilities: |  |  |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  | $ | — |  |  | $ | 555 |  |  | $ | 555 |  |  | $ | 555 |
Debt: |  |  |  |  |  |  |  |  |
4.625% Senior Notes | 390,908 |  |  |  |  |  |  | 390,908 |  |  | 456,400 |
1.75% Convertible Notes | 548,411 |  |  |  |  |  |  | 548,411 |  |  | 542,653 |
Total liabilities measured at fair value | $ | 939,319 |  |  | $ | — |  |  | $ | 555 |  |  | $ | 939,874 |  |  | $ | 999,608 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents a reconciliation of the Company’s Level 3 financial assets related to our investment in corporate debt securities that are measured at fair value on a recurring basis (in thousands):
| Three months ended
| 2023 |  | 2022
| Contingent Consideration Arrangements |  | Corporate Debt Securities |  | Contingent Consideration Arrangements |  | Corporate Debt Securities
Balance as of January 1 | $ | 555 |  |  | $ | 15,586 |  |  | $ | 5,775 |  |  | $ | — |
Fair value at date of acquisition | — |  |  | — |  |  | 4,200 |  |  | — |
Fair value adjustments (1) | — |  |  | 433 |  |  | 112 |  |  | — |
Balance as of March 31 | $ | 555 |  |  | $ | 16,019 |  |  | $ | 10,087 |  |  | $ | — |
(1)The fair value adjustments to the contingent consideration arrangements in the table above were recorded within ‘General and administrative’ on the Condensed Consolidated Statements of Operations during the three months ended March 31, 2023 and 2022. The fair value adjustments to the corporate debt securities in the table above were recorded within ‘Change in fair value on available-for-sale investments, net’ on the Condensed Consolidated Statements of Comprehensive (Loss) Income during the three months ended March 31, 2023 and 2022.

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period 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 asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 2: 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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