Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of 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 September 30, 2022 and December 31, 2021, based on the three-tier fair value hierarchy, as defined in ASC 820, “Fair Value Measurements and Disclosures”:
  September 30, 2022
  Fair Value Level I Level II Level III
(in thousands)
Assets:        
Money market funds $ 2,597  $ 2,597  $ —  $ — 
Assets to fund deferred compensation liability 9,690  —  —  9,690 
Total assets $ 12,287  $ 2,597  $ —  $ 9,690 
Liabilities:        
Deferred compensation liability 7,373  7,373  —  — 
Total liabilities $ 7,373  $ 7,373  $ —  $ — 

  December 31, 2021
  Fair Value Level I Level II Level III
(in thousands)
Assets:        
Money market funds $ 2,684  $ 2,684  $ —  $ — 
Assets to fund deferred compensation liability 11,140  —  —  11,140 
Total assets $ 13,824  $ 2,684  $ —  $ 11,140 
Liabilities:        
Contingent consideration $ 743  $ —  $ —  $ 743 
Deferred compensation liability 10,418  10,418  —  — 
Total liabilities $ 11,161  $ 10,418  $ —  $ 743 
Schedule of Reconciliation of Assets
The table below presents a reconciliation of the assets used to fund 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, 2021 to September 30, 2022:
  Fair Value of Assets to Fund Deferred Compensation Liability
(in thousands)
Balance at December 31, 2021 $ 11,140 
Contributions 649 
Fair value adjustments and fees (2,099)
Balance at September 30, 2022 $ 9,690