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Fair value measurement (Tables) | 6 Months Ended
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Jun. 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 June 30, 2023 and December 31, 2022, based on the three-tier fair value hierarchy: (In thousands)
As of June 30, 2023 | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market accounts | $ | 15,788 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,788 |
Available-for-sale securities: |  |  |  |  |  |  |
U.S. government securities | 5,909 |  |  | - |  |  | - |  |  | 5,909 |
Corporate debt securities | - |  |  | 18,338 |  |  | - |  |  | 18,338 |
Other debt securities | - |  |  | 2,450 |  |  | - |  |  | 2,450 |
Total | $ | 21,697 |  |  | $ | 20,788 |  |  | $ | - |  |  | $ | 42,485 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration - business combinations | - |  |  | - |  |  | 1,995 |  |  | 1,995 |
Debt | - |  |  | 25,507 |  |  | - |  |  | 25,507 |
Total | $ | - |  |  | $ | 25,507 |  |  | $ | 1,995 |  |  | $ | 27,502 |
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:
| Six Months Ended June 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 | (198) |  |  | (3,335) |
Payment of contingent consideration earned | (2,263) |  |  | — |
Ending balance | $ | 1,995 |  |  | $ | 6,692 |

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- 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
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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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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