v3.22.2

Investments and Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021:
| June 30, 2022
| Total Fair Value and Carrying Value on Balance Sheet |  | Fair Value Measurement Category
|  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |
Commercial Paper | $ | 56,809,000 |  |  | $ | — |  |  | $ | 56,809,000 |  |  | $ | — |
Corporate Notes/Bonds | 100,384,000 |  |  | — |  |  | 100,384,000 |  |  | — |
Securities of Government Sponsored Entities | 2,985,000 |  |  | $ | — |  |  | 2,985,000 |  |  | $ | — |
Total Investments: | $ | 160,178,000 |  |  | $ | — |  |  | $ | 160,178,000 |  |  | $ | — |
Money Market Funds | $ | 15,923,000 |  |  | $ | 15,923,000 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Contingent consideration | $ | 9,224,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,224,000 |
| December 31, 2021
| Total Fair Value and Carrying Value on Balance Sheet |  | Fair Value Measurement Category
|  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |
Commercial Paper | $ | 100,860,000 |  |  | $ | — |  |  | $ | 100,860,000 |  |  | $ | — |
Corporate Notes/Bonds | 125,181,000 |  |  | — |  |  | 125,181,000 |  |  | — |
Total Investments: | $ | 226,041,000 |  |  | $ | — |  |  | $ | 226,041,000 |  |  | $ | — |
Money Market Funds | $ | 11,126,000 |  |  | $ | 11,126,000 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Contingent consideration | $ | 9,066,000 |  |  |  |  |  |  | $ | 9,066,000 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | Changes in estimated fair value of contingent consideration liability in the six months ended June 30, 2022 is as follows:
| Contingent Consideration Liability (Level 3 Measurement)
Balance as of January 1, 2021 | $ | 9,066,000 |
Liability recorded as a result of current period acquisition | — |
Change in estimated fair value, recorded in selling, general and administrative expenses | 158,000 |
Cash payments | — |
Balance as of June 30, 2022 | $ | 9,224,000 |
Marketable Securities | As of June 30, 2022, the following table summarizes the amortized cost and the unrealized gains (losses) of the available for sale securities:
| Commercial Paper |  | Corporate Notes/Bonds |  | Securities of Government Sponsored Entities
| Amortized Cost |  | Unrealized gains (losses) |  | Amortized Cost |  | Unrealized gains (losses) |  | Amortized Cost |  | Unrealized gains (losses)
Less than 1 year | $ | 57,070,000 |  |  | $ | (261,000) |  |  | $ | 65,045,000 |  |  | $ | (909,000) |  |  | $ | 2,986,000 |  |  | $ | (1,000) |
Due after one year through five years | — |  |  | — |  |  | 36,997,000 |  |  | (749,000) |  |  | — |  |  | — |
Total | $ | 57,070,000 |  |  | $ | (261,000) |  |  | $ | 102,042,000 |  |  | $ | (1,658,000) |  |  | $ | 2,986,000 |  |  | $ | (1,000) |
As of December 31, 2021, the following table summarizes the amortized cost and the unrealized gains (losses) of the available for sale securities:
| Commercial Paper |  | Corporate Notes/Bonds |  | Securities of Government Sponsored Entities
| Amortized Cost |  | Unrealized loss |  | Amortized Cost |  | Unrealized loss |  | Amortized Cost |  | Unrealized gains (losses)
Less than 1 year | $ | 100,929,000 |  |  | $ | (69,000) |  |  | $ | 41,173,000 |  |  | $ | (61,000) |  |  | $ | — |  |  | $ | — |
Due after one year through five years | — |  |  | — |  |  | 84,478,000 |  |  | (409,000) |  |  | — |  |  | — |
Total | $ | 100,929,000 |  |  | $ | (69,000) |  |  | $ | 125,651,000 |  |  | $ | (470,000) |  |  | $ | — |  |  | $ | — |

X
- 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
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration