Commitments And Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Reconciliation Of Contingent Consideration Liability

The following table provides a reconciliation of the Company’s contingent consideration liability for the six months ended June 30, 2022:

(In thousands)
Balance at beginning of period	$	6,911
Payments	(5,008)
Accretion (a)	93
Fair value adjustments (a) (b)	(1,886)
Balance at end of the period	110
Less current portion in accrued expenses and other current liabilities	(7)
Total long-term portion in other long-term liabilities	$	103

(a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income.

(b) During the period ended June 30, 2022, the Company updated its sales projections for a product subject to contingent consideration and determined the probability of payment under the contingent arrangement to be remote. Consequently, the fair value of the contingent consideration liability related to this product was reduced by $1.9 million.