FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2021

FAIR VALUE DISCLOSURES

Schedule of recurring Level 3 fair value measurements of contingent consideration

The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:

Payment Type	Valuation Technique	Unobservable Input	Range
Profit-based milestone payments	Probability-weighted discounted cash flow	Discount rate	12.5%
		Projected fiscal year of payment	2023-2029
Product development-based milestone payments	Probability-weighted discounted cash flow	Discount rate	8.5%
		Probability of payment	90.0%
		Projected fiscal year of payment	2023-2024

Schedule of financial assets and liabilities accounted for at fair value on a recurring basis

(in thousands)	Fair Value at
Description	December 31, 2021		Level 1		Level 2		Level 3
Liabilities
Contingent consideration	$	31,000	$	—	$	—	$	31,000
Interest rate swaps	$	6,790	$	—	$	6,790	$	—
CVRs	$	—	$	—	$	—	$	—

	Fair Value at
Description	December 31, 2020		Level 1		Level 2		Level 3
Liabilities
Contingent consideration	$	—	$	—	$	—	$	—
Interest rate swaps	$	14,109	$	—	$	14,109	$	—
CVRs	$	—	$	—	$	—	$	—