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FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2022
FAIR VALUE DISCLOSURES  
Schedule of recurring Level 3 fair value measurements of contingent consideration

Payment Type

Valuation Technique

Unobservable Input

Assumptions

Profit-based milestone payments

Probability-weighted discounted cash flow

Discount rate

14.0%

Projected fiscal year of payment

2023-2029

Product development-based milestone payments

Probability-weighted discounted cash flow

Discount rate

17.9%

Probability of payment

90.0%

Projected fiscal year of payment

2023-2024

Schedule of changes in contingent consideration

Three Months Ended June 30, 

Six Months Ended June 30, 

(in thousands)

    

2022

    

2021

    

2022

    

2021

    

Beginning balance

$

32,053

$

$

31,000

$

Measurement period adjustment

300

Change in fair value

 

(1,095)

 

 

(342)

 

Ending balance

$

30,958

$

$

30,958

$

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

(in thousands)

Fair Value at

Description

June 30, 2022

Level 1

Level 2

Level 3

Assets

 

  

 

  

 

  

 

  

Interest rate swap

$

3,636

$

$

3,636

$

Liabilities

 

  

 

  

 

  

 

  

Contingent consideration

$

30,958

$

$

$

30,958

CVRs

$

$

$

$

    

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

$

$

$

$