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FAIR VALUE DISCLOSURES (Tables)
12 Months Ended
Dec. 31, 2015
FAIR VALUE DISCLOSURES  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2015 and 2014, by level within the fair value hierarchy:
 
(in thousands)
 
Description
 
Fair Value at
December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
CVRs
 
$
-
 
$
-
 
$
-
 
$
-
 
 
Description
 
Fair Value at
December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
CVRs
 
$
-
 
$
-
 
$
-
 
$
-