XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.2.2

FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of 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, 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 September 30, 2022 or December 31, 2021.
| Fair Value Measurements as of September 30, 2022
|  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |
Other current assets: |  |  |  |  |  |
NQDC Plan assets |  | $ | 2,306 |  |  | $ | — |  |  | $ | 2,306 |
Other assets: |  |  |  |  |  |
NQDC Plan assets |  | 18,889 |  |  | — |  |  | 18,889 |
Restricted investments (1) |  | 2,439 |  |  | — |  |  | 2,439 |
Total other assets |  | 21,328 |  |  | — |  |  | 21,328 |
Total assets |  | $ | 23,634 |  |  | $ | — |  |  | $ | 23,634 |
Liabilities: |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
NQDC Plan liability |  | $ | 2,306 |  |  | $ | — |  |  | $ | 2,306 |
Contingent consideration |  | — |  |  | 28,303 |  |  | 28,303 |
Total current liabilities |  | 2,306 |  |  | 28,303 |  |  | 30,609 |
Other long-term liabilities: |  |  |  |  |  |
NQDC Plan liability |  | 18,889 |  |  | — |  |  | 18,889 |
Total liabilities |  | $ | 21,195 |  |  | $ | 28,303 |  |  | $ | 49,498 |
|  |  | 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 September 30, 2022 and December 31, 2021 secure the Company's irrevocable standby letters of credit obtained in connection with certain commercial agreements.
Schedule of 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 |
Milestone payments to Ares Trading S.A. (Merck Serono) | (33,293) |
Realized foreign exchange gain on settlement of contingent consideration | (133) |
Changes in fair value of contingent consideration | 3,764 |
Foreign exchange remeasurement of Euro denominated contingent consideration | (5,434) |
Contingent consideration as of September 30, 2022 | $ | 28,303 |

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 https://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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration