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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021. Other than the Company’s fixed-rate convertible debt disclosed in Note 6 – 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 March 31, 2022 or December 31, 2021.

			Fair Value Measurements as of March 31, 2022
						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets						$	2,859					$	—					$	2,859
Other assets:
NQDC Plan assets						22,387						—						22,387
Restricted investments (1)						2,513						—						2,513
Total other assets						24,900						—						24,900
Total assets						$	27,759					$	—					$	27,759
Liabilities:
Current liabilities:
NQDC Plan liability						$	2,859					$	—					$	2,859
Contingent consideration						—						64,000						64,000
Total current liabilities						2,859						64,000						66,859
Other long-term liabilities:
NQDC Plan liability						22,387						—						22,387
Total liabilities						$	25,246					$	64,000					$	89,246

									Fair Value Measurements as of December 31, 2021
									Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets									$	2,043					$	—					$	2,043
Other assets:
NQDC Plan assets									23,929						—						23,929
Restricted investments (1)									2,940						—						2,940
Total other assets									26,869						—						26,869
Total assets									$	28,912					$	—					$	28,912
Liabilities:
Current liabilities:
NQDC Plan liability									$	2,043					$	—					$	2,043
Contingent consideration									—						48,232						48,232
Total current liabilities									2,043						48,232						50,275
Other long-term liabilities:
NQDC Plan liability									23,929						—						23,929
Contingent consideration									—						15,167						15,167
Total other long-term liabilities									23,929						15,167						39,096
Total liabilities									$	25,972					$	63,399					$	89,371

(1)    The restricted investments at March 31, 2022 and December 31, 2021 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 consisted of contingent consideration. The following table represents a roll-forward of contingent consideration.

Contingent consideration as of December 31, 2021			$	63,399
Changes in the fair value of contingent consideration			1,989
Foreign exchange remeasurement of Euro denominated contingent consideration			(1,388)
Contingent consideration as of March 31, 2022			$	64,000

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
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-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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