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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

The following tables present the classification within the fair value hierarchy of financial assets and liabilities not disclosed elsewhere in these Condensed Consolidated Financial Statements that are remeasured on a recurring basis as of September 30, 2021 and December 31, 2020. Other than the Company’s fixed-rate convertible debt disclosed in Note 9 – Debt, there were no financial assets or liabilities that were remeasured using a quoted price in active markets for identical assets (Level 1) as of September 30, 2021 or December 31, 2020.

			Fair Value Measurements as of September 30, 2021
						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets						$	2,089					$	—					$	2,089
Other assets:
NQDC Plan assets						22,521						—						22,521
Restricted investments (1)						2,835						—						2,835
Total other assets						25,356						—						25,356
Total assets						$	27,445					$	—					$	27,445
Liabilities:
Current liabilities:
NQDC Plan liability						$	2,089					$	—					$	2,089
Contingent consideration						—						48,187						48,187
Total current liabilities						2,089						48,187						50,276
Other long-term liabilities:
NQDC Plan liability						22,521						—						22,521
Contingent consideration						—						15,204						15,204
Total other long-term liabilities						22,521						15,204						37,725
Total liabilities						$	24,610					$	63,391					$	88,001

									Fair Value Measurements as of December 31, 2020
									Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets									$	2,415					$	—					$	2,415
Other assets:
NQDC Plan assets									19,962						—						19,962
Restricted investments (1)									4,487						—						4,487
Total other assets									24,449						—						24,449
Total assets									$	26,864					$	—					$	26,864
Liabilities:
Current liabilities:
NQDC Plan liability									$	2,415					$	—					$	2,415
Other long-term liabilities:
NQDC Plan liability									19,962						—						19,962
Contingent consideration									—						60,130						60,130
Total other long-term liabilities									19,962						60,130						80,092
Total liabilities									$	22,377					$	60,130					$	82,507

(1)    The restricted investments at September 30, 2021 and December 31, 2020 secure the Company's irrevocable standby letters of credit obtained in connection with certain commercial agreements.

Liabilities Measured at Fair Value on Recurring Basis Using Level 3 Inputs

Liabilities measured at fair value using Level 3 inputs primarily consisted of contingent consideration. The following tables represent a roll-forward of contingent consideration.

Contingent consideration as of December 31, 2020			$	60,130
Changes in the fair value of contingent consideration			6,254
Foreign exchange remeasurement of Euro denominated contingent consideration			(2,993)
Contingent consideration as of September 30, 2021			$	63,391

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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-Section 50
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-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258

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