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FAIR VALUE DISCLOSURES (Tables)
3 Months Ended
Mar. 31, 2023
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

13.0%

Projected fiscal year of payment

2024-2029

Product development-based milestone payments

Probability-weighted discounted cash flow

Discount rate

8.6%

Probability of payment

95.0%

Projected fiscal year of payment

2024

Schedule of changes in contingent consideration

Three Months Ended March 31, 

(in thousands)

    

2023

    

2022

Beginning balance

$

35,058

$

31,000

Measurement period adjustment

300

Change in fair value

 

961

 

753

Ending balance

$

36,019

$

32,053

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

(in thousands)

Fair Value at

Description

March 31, 2023

Level 1

Level 2

Level 3

Assets

 

  

 

  

 

  

 

  

Interest rate swap

$

6,855

$

$

6,855

$

Liabilities

 

  

 

  

 

  

 

  

Contingent consideration

$

36,019

$

$

$

36,019

CVRs

$

$

$

$

    

Fair Value at

    

    

    

Description

December 31, 2022

Level 1

Level 2

Level 3

Assets

 

  

 

  

 

  

 

  

Interest rate swap

$

8,759

$

$

8,759

$

Liabilities

 

  

 

  

 

  

 

  

Contingent consideration

$

35,058

$

$

$

35,058

CVRs

$

$

$

$