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Fair value measurements (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Assets and liabilities measured at fair value on a recurring basis | The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques used to determine such fair value:
| Level 1 |  | Level 2 |  | Level 3 |  | Total
As of June 30, 2023 | (in thousands)
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 27,197 |  |  | $ | — |  |  | $ | — |  |  | $ | 27,197 |
Investments in marketable securities, current | — |  |  | 125,287 |  |  | — |  |  | 125,287 |
Investments in marketable securities, non-current | — |  |  | 11,057 |  |  | — |  |  | 11,057 |
Total | $ | 27,197 |  |  | $ | 136,344 |  |  | $ | — |  |  | $ | 163,541 |
Liabilities |  |  |  |  |  |  |
Contingent consideration | — |  |  | — |  |  | 7,168 |  |  | 7,168 |
Total | $ | — |  |  | $ | — |  |  | $ | 7,168 |  |  | $ | 7,168 |
| Level 1 |  | Level 2 |  | Level 3 |  | Total
As of December 31, 2022 | (in thousands)
Assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 30,776 |  |  | $ | — |  |  | $ | — |  |  | $ | 30,776 |
Investments in marketable securities, current | — |  |  | 116,137 |  |  | — |  |  | 116,137 |
Investments in marketable securities, non-current | — |  |  | 37,363 |  | — |  |  | 37,363 |
Total | $ | 30,776 |  |  | $ | 153,500 |  |  | $ | — |  |  | $ | 184,276 |
Liabilities |  |  |  |  |  |  |
Contingent consideration | — |  |  | — |  |  | 7,531 |  |  | 7,531 |
Total | $ | — |  |  | $ | — |  |  | $ | 7,531 |  |  | $ | 7,531 |
Schedule of changes in fair value of contingent consideration | The following table presents the changes in fair value of the Company’s contingent consideration:
| Liability at beginning of the period |  | Change in fair value of liability |  | Liability at end of the period
| (in thousands)
Six Months Ended June 30, 2023 | $ | 7,531 |  |  | $ | (363) |  |  | $ | 7,168 |
Six Months Ended June 30, 2022 | $ | 5,298 |  |  | $ | 409 |  |  | $ | 5,707 |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + 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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