Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2023
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, 2023 and December 31, 2022, based on the three-tier fair value hierarchy, as described in detail within the Company's Annual Report on Form 10-K:

  September 30, 2023
  Fair Value Level I Level II Level III
(in thousands)
Assets:        
Money market funds $ 22,701  $ 22,701  $ —  $ — 
Assets to fund deferred compensation liability 10,366  —  —  10,366 
Total assets $ 33,067  $ 22,701  $ —  $ 10,366 
Liabilities:        
Deferred compensation liability 7,849  7,849  —  — 
Total liabilities $ 7,849  $ 7,849  $ —  $ — 
  December 31, 2022
  Fair Value Level I Level II Level III
(in thousands)
Assets:        
Money market funds $ 2,628  $ 2,628  $ —  $ — 
Assets to fund deferred compensation liability 10,074  —  —  10,074 
Total assets $ 12,702  $ 2,628  $ —  $ 10,074 
Liabilities:        
Deferred compensation liability 8,088  8,088  —  — 
Total liabilities $ 8,088  $ 8,088  $ —  $ — 
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, 2022 to September 30, 2023:

  Fair Value of Assets Used to Fund Deferred Compensation Liability
(in thousands)
Balance as of December 31, 2022 $ 10,074 
Fair value adjustments and fees 292 
Balance as of September 30, 2023 $ 10,366