Contingent consideration (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Reconciliation of Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3)

The following table is a reconciliation of the beginning and ending balance of contingent considerations and is based on level 3 significant unobservable inputs.

Balance at December 31, 2019	$	29.2
Change in fair value	0.6
Settlements	(0.7		)
Balance at March 31, 2020	$	29.1

Fair Value Measurement Inputs and Valuation Techniques

The recurring Level 3 fair value measurements the Company's contingent consideration liability include the following significant unobservable inputs:

Contingent Consideration Liability	Fair Value as of March 31, 2020	Valuation Technique	Unobservable Input	Range	Weighted Average
Revenue milestone and royalty based	$29.1 million	Discounted cash flow	Discount rate	2.5% - 8.6%	4.3%
			Probability of payment	10.0% - 40.0%	20.9%
			Projected year of payment	2020 - 2028	2022