v3.25.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy at March 31, 2025:
 
Fair Value Measurements at March 31, 2025
 TotalLevel 1Level 2Level 3
(in thousands)
Liabilities
Acquisition-related contingent consideration182 — — 182 
$182 $— $— $182 
 
Fair Value Measurements at December 31, 2024
 TotalLevel 1Level 2Level 3
(in thousands)
Liabilities
Acquisition-related contingent consideration973 — — 973 
$973 $— $— $973 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table sets forth a summary of the changes in the fair value of the Company’s Level 3 financial instruments as follows:
Acquisition-related Contingent Consideration
(in thousands)
Balance at December 31, 2024
$973 
Reclassification
(787)
Change in fair value$(4)
Balance at March 31, 2025
$182