v3.25.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets Held at Fair Value
Assets measured at fair value on a recurring basis are set forth below:
(in thousands)
Estimated fair value measurements
BalanceQuoted prices in active market
(Level 1)		Significant other observable inputs (Level 2)Significant other unobservable inputs (Level 3)Total gains
(losses)
March 31, 2025:
Short-term investment$8,032 $8,032 $— $— $183 
Business acquisition contingent consideration payable$8,000 $— $— $8,000 $300 
December 31, 2024:
Short-term investment$7,849 $7,849 $— $— $105 
Business acquisition contingent consideration payable$8,300 $— $— $8,300 $2,600 
Schedule Of Fair Value Unobservable Input Reconciliation
The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3):
(in thousands)March 31, 2025December 31, 2024
Business acquisition contingent consideration payable - opening balance$8,300 $— 
Addition— 10,900 
Decrease in estimated fair value (1)
(300)(2,600)
Business acquisition contingent consideration payable - closing balance$8,000 $8,300 
(1)The decrease in the estimated fair value of the business acquisition contingent consideration payable is included in general and administrative expenses in our condensed consolidated statements of operations for the three months ended March 31, 2025 and the year ended December 31, 2024.