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Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

		September 30, 2022																December 31, 2021
		Fair Value Measurements Using Input Types																Fair Value Measurements Using Input Types
(In thousands)		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Assets
Mutual funds (included in cash and cash equivalents)		$	—			$	—			$	—			$	—			$	178			$	—			$	—			$	178
Municipal bonds			—				—				—				—				9,961				—				—				9,961
Corporate bonds			381				—				—				381				34,589				—				—				34,589
Total assets		$	381			$	—			$	—			$	381			$	44,728			$	—			$	—			$	44,728
Liabilities
Contingent consideration		$	—			$	—			$	643			$	643			$	—			$	—			$	6,137			$	6,137
Warrant liabilities			—				—				971				971				—				—				—				—
Total liabilities		$	—			$	—			$	1,614			$	1,614			$	—			$	—			$	6,137			$	6,137

Schedule of marketable securities

(In thousands)		September 30, 2022				December 31, 2021
Current marketable securities
Municipal bonds		$	—			$	9,961
Corporate bonds			381				34,589
		$	381			$	44,550

Schedule of amortized cost and estimated fair value of marketable securities

(In thousands)		Amortized cost				Unrealized loss				Estimated fair value
Current marketable securities (due within 1 year)
Corporate bonds		$	381			$	(10	)		$	371
		$	381			$	(10	)		$	371

(In thousands)		Amortized cost				Unrealized loss				Estimated fair value
Current marketable securities (due within 1 year)
Municipal bonds		$	9,961			$	(9	)		$	9,952
Corporate bonds			34,589				(72	)			34,517
		$	44,550			$	(81	)		$	44,469

Schedule of fair value of the contingent consideration within other expenses

(In thousands)		Nine Months Ended September 30, 2022				Year Ended December 31, 2021
Contingent consideration – beginning of period		$	6,137			$	—
Accrued contingent consideration			1,420				4,725
Accretion of contingent consideration			145				—
Payments made on contingent liabilities			(5,550	)			—
Change in estimated fair value			(1,509	)			1,412
Contingent consideration – end of period		$	643			$	6,137

Schedule of valuation of warrant liabilities

Stock price at issuance		$	0.44
Option exercise price		$	1.23-$2.15
Expected term (Years)			5.50
Volatility			40.00	%
Discount rate (Treasury yield)			0.00%-4.06	%

Schedule of changes in the fair value of the level 3 warrant liabilities

(In thousands)		Nine Months Ended September 30, 2022
Warrant liabilities – beginning of period		$	—
Initial fair value of warrant liabilities			6,657
Change in estimated fair value			(5,686	)
Warrant liabilities – end of period		$	971

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
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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.

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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.

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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).

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