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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Our financial assets and (liabilities) carried at fair value measured on a recurring basis as of December 31, 2025 and 2024, consisted of the following (in thousands):


					Fair Value Measurements Using
		Total Fair			Quoted prices in			Significant other			Significant
		Value at			active markets			observable inputs			unobservable inputs
		December 31, 2025			(Level 1)			(Level 2)			(Level 3)
Money market funds ⁽¹⁾		$	31,285		$	31,285		$	—		$	—
United States treasury debt securities ⁽²⁾			5,230			5,230			—			—
Foreign currency contract assets, current and long-term ⁽³⁾			5,608			—			5,608			—
Foreign currency contract liabilities, current and long-term ⁽⁴⁾			(4,227)			—			(4,227)			—
Contingent consideration liabilities			(4,537)			—			—			(4,537)


					Fair Value Measurements Using
		Total Fair			Quoted prices in			Significant other			Significant
		Value at			active markets			observable inputs			unobservable inputs
		December 31, 2024			(Level 1)			(Level 2)			(Level 3)
Money market funds ⁽¹⁾		$	10,034		$	10,034		$	—		$	—
Marketable securities ⁽⁵⁾			92			92			—			—
Foreign currency contract assets, current and long-term ⁽³⁾			7,430			—			7,430			—
Foreign currency contract liabilities, current and long-term ⁽⁴⁾			(2,907)			—			(2,907)			—
Contingent consideration liabilities			(3,486)			—			—			(3,486)

(1)	Our money market fund represents a bank-managed money market fund which permits daily redemptions. The fund is recorded as cash equivalents in the consolidated balance sheets.

(2)	The fair value of U.S. treasury debt securities are determined using quoted prices for identical assets in active markets and is recorded as cash and cash equivalents in the consolidated balance sheets.

(3)

The fair value of the foreign currency contract assets (including those designated as hedging instruments and those not designated as hedging instruments) is determined using Level 2 fair value inputs and is recorded as prepaid and other assets or other long-term assets in the consolidated balance sheets.

(4)

The fair value of the foreign currency contract liabilities (including those designated as hedging instruments and those not designated as hedging instruments) is determined using Level 2 fair value inputs and is recorded as accrued expenses or other long-term obligations in the consolidated balance sheets.

(5)	Our marketable securities, which consist entirely of available-for-sale equity securities, are valued using market prices in active markets. Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Changes in the fair value of our contingent consideration liabilities during the years ended December 31, 2025 and 2024, consisted of the following (in thousands):


	2025			2024
Beginning balance	$	3,486		$	3,447
Contingent consideration liability recorded as the result of acquisitions		2,876			—
Contingent consideration expense		984			443
Contingent payments made		(2,809)			(404)
Ending balance	$	4,537		$	3,486

Fair Value Inputs, Liabilities, Quantitative Information

The recurring Level 3 measurement of our contingent consideration liabilities includes the following significant unobservable inputs at December 31, 2025 and 2024 (amounts in thousands):


		Fair value at
		December 31,			Valuation						Weighted
Contingent consideration liability		2025			technique		Unobservable inputs		Range		Average⁽¹⁾
Revenue-based royalty payments contingent liability		$	1,533		Discounted cash flow		Discount rate		13.0%
							Projected year of payments		2026-2034		2029

Revenue milestones contingent liability		$	94		Monte Carlo simulation		Discount rate		11.0%
							Projected year of payments		2026-2041		2041

Acquisition-related milestone contingent liability		$	2,910		Scenario-based method		Discount rate		4.7% - 4.8%		4.7%
							Probability of milestone payment		95.0% - 100.0%		97.2%
							Projected year of payments		2026

(1)	Unobservable inputs were weighted by the relative fair value of the instruments. No weighted average is reported for contingent consideration liabilities without a range of unobservable inputs.


		Fair value at
		December 31,			Valuation						Weighted
Contingent consideration liability		2024			technique		Unobservable inputs		Range		Average⁽¹⁾
Revenue-based royalty payments contingent liability		$	2,217		Discounted cash flow		Discount rate		14.0% - 16.0%		14.6%
							Projected year of payments		2025-2034		2028

Revenue milestones contingent liability		$	88		Monte Carlo simulation		Discount rate		13.0%
							Projected year of payments		2025-2040		2039

Regulatory approval contingent liability		$	1,181		Scenario-based method		Discount rate		6.0%
							Probability of milestone payment		50.0%
							Projected year of payment		2025-2026		2025

(1)	Unobservable inputs were weighted by the relative fair value of the instruments. No weighted average is reported for contingent consideration liabilities without a range of unobservable inputs.

Schedule of Rollforward of Allowance for Credit Losses

The table below presents a rollforward of the allowance for current expected credit losses on our notes receivable for the years ended December 31, 2025 and 2024 (in thousands):


	2025			2024
Beginning balance	$	1,366		$	568
Provision for credit loss expense		1,259			798
Ending balance	$	2,625		$	1,366