N-able Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
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6. Fair Value Measurements
- Fair Value Measurements
The following tables summarize the fair value of our money market fund financial assets and contingent consideration financial liabilities that were measured on a recurring basis as of September 30, 2024 and December 31, 2023. See Note 3. Acquisitions and Note 11. Commitments and Contingencies for further details regarding our contingent consideration liabilities. There have been no transfers between fair value measurement levels during the nine months ended September 30, 2024.
| Fair Value Measurements as ofSeptember 30, 2024 Using | ||||
|---|---|---|---|---|
| Quoted Prices inActive Marketsfor Identical Assets(Level 1) | SignificantOtherObservableInputs(Level 2) | SignificantUnobservableInputs(Level 3) | Total | |
| (in thousands) | ||||
| Assets: | ||||
| Money market funds | $128,007 | $— | $— | $128,007 |
| Fair Value Measurements as ofDecember 31, 2023 Using | ||||
|---|---|---|---|---|
| Quoted Prices inActive Marketsfor Identical Assets(Level 1) | SignificantOtherObservableInputs(Level 2) | SignificantUnobservableInputs(Level 3) | Total | |
| (in thousands) | ||||
| Assets: | ||||
| Money market funds | $98,560 | $— | $— | $98,560 |
| Liabilities: | ||||
| Contingent consideration | $— | $— | $3,650 | $3,650 |
As of September 30, 2024 and December 31, 2023, the carrying value of our outstanding debt approximates its estimated fair value as the interest rate on the debt is adjusted for changes in market rates. See Note 8. Debt for further details regarding our debt.
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