FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value of Financial Assets and Liabilities

The following tables present the classification within the fair value hierarchy of financial assets and liabilities not disclosed elsewhere in these Consolidated Financial Statements that are remeasured on a recurring basis as of December 31, 2021 and 2020. Other than the Company’s fixed-rate convertible debt disclosed in Note 10 to these Consolidated Financial Statements, there

were no financial assets or liabilities that were remeasured using a quoted price in active markets for identical assets (Level 1) as of December 31, 2021 and 2020.


	Fair Value Measurements as of December 31, 2021
	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Other current assets:
NQDC Plan assets	$	2,043	$	—	$	2,043
Other assets:
NQDC Plan assets	23,929		—		23,929
Restricted investments (1)	2,940		—		2,940
Total other assets	26,869		—		26,869
Total assets	$	28,912	$	—	$	28,912
Liabilities:
Current liabilities:
NQDC Plan liability	$	2,043	$	—	$	2,043
Contingent consideration	—		48,232		48,232
Total current liabilities	2,043		48,232		50,275
Other long-term liabilities:
NQDC Plan liability	23,929		—		23,929
Contingent consideration	—		15,167		15,167
Total other long-term liabilities	23,929		15,167		39,096
Total liabilities	$	25,972	$	63,399	$	89,371


	Fair Value Measurements as of December 31, 2020
		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Assets:
Other current assets:
NQDC Plan assets		$	2,415	$	—	$	2,415


Other assets:
NQDC Plan assets		19,962		—		19,962
Restricted investments (1)		4,487		—		4,487
Total other assets		24,449		—		24,449
Total assets		$	26,864	$	—	$	26,864
Liabilities:
Current liabilities:
NQDC Plan liability		$	2,415	$	—	$	2,415


Other long-term liabilities:
NQDC Plan liability		19,962		—		19,962
Contingent consideration		—		60,130		60,130
Total other long-term liabilities		19,962		60,130		80,092
Total liabilities		$	22,377	$	60,130	$	82,507

(1)The restricted investments as of December 31, 2021 and 2020 secure the Company’s irrevocable standby letters of credit obtained in connection with certain commercial agreements.

Liabilities Measured at Fair Value Using Level 3 Inputs

Liabilities measured at fair value using Level 3 inputs consisted of contingent consideration. The following tables represent a roll-forward of contingent consideration.


Contingent consideration as of December 31, 2020	$	60,130


Changes in the fair value of contingent consideration	8,026

Foreign exchange remeasurement of Euro denominated contingent consideration	(4,757)
Contingent consideration as of December 31, 2021	$	63,399