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Acquisition-Related Amortization and Remeasurement
6 Months Ended
Jun. 30, 2022
Acquisition Related Amortization And Remeasurement [Abstract]  
Acquisition-Related Amortization and Remeasurement

11. Acquisition-related amortization and remeasurement

Acquisition-related amortization and remeasurement consists of (i) amortization related to intangible assets acquired through business combinations or asset acquisitions, (ii) remeasurement of any related contingent consideration arrangements, and (iii) recognized costs associated with acquired in-process research and development (“IPR&D”) assets, which are recognized immediately upon acquisition. Components of acquisition-related amortization and remeasurement are as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(U.S. Dollars, in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Amortization of acquired intangibles

 

$

2,051

 

 

$

1,969

 

 

$

4,052

 

 

$

3,938

 

Changes in fair value of contingent consideration

 

 

(10,714

)

 

 

(1,575

)

 

 

(16,214

)

 

 

(75

)

Acquired IPR&D

 

 

 

 

 

500

 

 

 

 

 

 

1,500

 

Total

 

$

(8,663

)

 

$

894

 

 

$

(12,162

)

 

$

5,363