Quarterly report [Sections 13 or 15(d)]

Financial Instruments (Tables)

v3.25.1
Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Composition of Financial Instruments
The composition of financial instruments is as follows:
Fair Value
March 31, 2025 December 31, 2024
(in thousands)
Liabilities
Contingent consideration
$ 2,600  $ 2,600 
Summary of Level 3 Financial Instrument Activity
The following summarizes the activity in Level 3 financial instruments:
Three Months Ended March 31,
2025 2024
(in thousands)
Contingent consideration
Beginning balance
$ 2,600  $ 2,462 
Accretion of discount(1)
—  73 
Ending balance
$ 2,600  $ 2,535 
_____________________
(1) These changes to the balance associated with the estimated fair value of contingent consideration were due to accretion of discounts on contingent consideration.