Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule fair value of the Company’s financial assets and liabilities measured at fair value
The following tables set forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis in the condensed consolidated balance sheets as of June 30, 2020 and December 31, 2019, based on the three-tier fair value hierarchy: 
  June 30, 2020
  Fair Value Level I Level II Level III
Assets:        
Money market funds $ 47,351    $ 47,351    $ —    $ —   
Assets to fund deferred compensation liability 9,076    —    —    9,076   
Total assets $ 56,427    $ 47,351    $ —    $ 9,076   
Liabilities:        
Contingent consideration $ 13,025    $ —    $ —    $ 13,025   
Deferred compensation liability 7,596    7,596    —    —   
Total liabilities $ 20,621    $ 7,596    $ —    $ 13,025   
  December 31, 2019
  Fair Value Level I Level II Level III
Assets:        
Money market funds $ 37,730    $ 37,730    $ —    $ —   
Assets to fund deferred compensation liability 8,390    —    —    8,390   
Total assets $ 46,120    $ 37,730    $ —    $ 8,390   
Liabilities:        
Contingent consideration $ 9,045    $ —    $ —    $ 9,045   
Deferred compensation liability 8,208    8,208    —    —   
Total liabilities $ 17,253    $ 8,208    $ —    $ 9,045   
Summary of changes in the fair value of the Company's Level 3 liability
The table below presents a reconciliation of the Company's contingent consideration liabilities, which were measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the period from December 31, 2019 to June 30, 2020: 
  Fair Value of Contingent Consideration Liabilities
Balance at December 31, 2019 $ 9,045   
Private technology company acquisition 5,239   
Fair market value adjustment on contingent consideration liability (1,982)  
Accretion on contingent consideration 723   
Balance at June 30, 2020 $ 13,025   
Summary of changes in the fair value of the Company's Level 3 assets
The table below presents a reconciliation of the assets used to fund deferred the Company's deferred compensation liability, which is measured at fair value on a recurring basis using significant unobservable inputs (Level III) for the period from December 31, 2019 to June 30, 2020:
  Fair Value of Assets to Fund Deferred Compensation Liability
Balance at December 31, 2019 $ 8,390   
Contributions 1,060   
Fair value adjustments (374)  
Balance at June 30, 2020 $ 9,076