FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2023

FAIR VALUE MEASUREMENTS

Schedule of fair value instruments measured at fair value on non-recurring basis

The following table illustrates the financial instruments measured at fair value on a non-recurring basis segregated by hierarchy fair value levels as of June 30, 2023 (in thousands):

					Significant		Significant
			Quoted Prices		Other		Other
			in Active		Observable		Unobservable
			Markets		Inputs		Inputs		Remeasurement
	Carrying Value		(Level 1)		(Level 2)		(Level 3)		Gain
Contingent consideration liability - Contingent Value Rights	$	1,302	$	—	$	1,302	$	—	$	—
	$	1,302	$	—	$	1,302	$	—	$	—

The following table illustrates the financial instruments measured at fair value on a non-recurring basis segregated by hierarchy fair value levels as of December 31, 2022 (in thousands):

	Significant	Significant
Quoted Prices	Other	Other
in Active	Observable	Unobservable
Markets	Inputs	Inputs	Remeasurement

	Carrying Value		(Level 1)		(Level 2)		(Level 3)		Gain
Contingent consideration liability - Contingent Value Rights (1)	$	10,900	$	—	$	10,900	$	—	$	1,100
	$	10,900	$	—	$	10,900	$	—	$	1,100

(1) During the three months ended March 31, 2022, the Company changed the valuation approach from the use of other unobservable inputs to other observable inputs based on information obtained through the active marketing and sale of the underlying assets.