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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables provide information by level for assets and liabilities that are measured at fair value on a recurring basis:
As of March 31, 2022
Level 1Level 2Level 3Total
(In thousands)
Financial Assets
Money market funds$39,730 $— $— $39,730 
U.S. Treasury bills— 318,047 — 318,047 
Total$39,730 $318,047 $— $357,777 
Financial Liabilities
Contingent consideration$— $— $11,975 $11,975 
As of December 31, 2021
Level 1Level 2Level 3Total
(In thousands)
Financial Assets
Money market funds$18,493 $— $— $18,493 
U.S. Treasury bills— 416,509 — 416,509 
Total$18,493 $416,509 $— $435,002 
Financial Liabilities
Contingent consideration$— $— $12,321 $12,321