XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value of Financial Instruments and Contingent Consideration (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of fair value of the financial assets and liabilities The Company's financial assets that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):
 Fair Value Measurements as of December 31,
2021
 Total Fair Value at December 31, 2021Quoted Prices
in Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)
Assets:
Cash and cash equivalents
Cash $148,863 $148,863 $— 
Money market funds 54,571 54,571 — 
Marketable securities
Corporate debt securities136,246 251 135,995 
Long term marketable securities
Corporate debt securities119,166 — 119,166 
Other noncurrent assets
Marketable securities - restricted (SERP)630 7 623 
Total assets at fair value$459,476 $203,692 $255,784 
 Fair Value Measurements as of December 31,
2020
 Total Fair Value at December 31, 2020Quoted Prices
in Active Markets
for Identical Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)
Assets:   
Cash and cash equivalents
Cash$218,550 $218,550 $— 
Money market funds70,090 70,090 — 
Marketable securities
Corporate debt securities133,893 — 133,893 
Long term marketable securities
Corporate debt securities350,359 256 350,103 
U.S. government agency and municipal debt securities— 
Other noncurrent assets
Marketable securities - restricted (SERP)547 3 544 
Total assets at fair value$773,439 $288,899 $484,540 
Reconciliation of the beginning and ending balances related to the contingent consideration
The following table provides the reconciliation of the contingent consideration liabilities balance as of December 31, 2021 (dollars in thousands):
Adamas AcquisitionUSWM AcquisitionTotal
Balance at December 31, 2020$— $76,700 $76,700 
Initial estimate of contingent consideration at Closing Date10,307 — 10,307 
Change in fair value recognized in earnings$— $(6,530)$(6,530)
Balance at December 31, 202110,307 70,170 80,477 
Reported under the following captions in the consolidated balance sheets:December 31,
2021		December 31,
2020
Contingent consideration, current portion44,840 30,900 
Contingent consideration, long term35,637 45,800 
Total80,477 76,700 
Adamas AcquisitionUSWM AcquisitionTotal
Regulatory and developmental contingent consideration liabilities$— $70,170 $70,170 
Sales-based contingent consideration liabilities10,307 — 10,307 
Balance at December 31, 2021$10,307 $70,170 $80,477 
Schedule of financial liabilities that are not carried at fair value The following table sets forth the carrying value and fair value of the Company's financial liabilities that are not carried at fair value (dollars in thousands):
December 31, 2021December 31, 2020
Carrying ValueFair Value (Level 2)Carrying ValueFair Value (Level 2)
Convertible notes, net$379,252 $400,236 $361,751 $383,381