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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022. 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, 2023 or December 31, 2022.

			Fair Value Measurements as of March 31, 2023
						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets						$	1,948					$	—					$	1,948
Other assets:
NQDC Plan assets						23,958						—						23,958
Restricted investments (1)						2,366						—						2,366
Total other assets						26,324						—						26,324
Total assets						$	28,272					$	—					$	28,272
Liabilities:
Current liabilities:
NQDC Plan liability						$	1,948					$	—					$	1,948
Other long-term liabilities:
NQDC Plan liability						23,958						—						23,958
Total liabilities						$	25,906					$	—					$	25,906

									Fair Value Measurements as of December 31, 2022
									Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)						Total
Assets:
Other current assets:
NQDC Plan assets									$	2,654					$	—					$	2,654
Other assets:
NQDC Plan assets									19,867						—						19,867
Restricted investments (1)									2,429						—						2,429
Total other assets									22,296						—						22,296
Total assets									$	24,950					$	—					$	24,950
Liabilities:
Current liabilities:
NQDC Plan liability									$	2,654					$	—					$	2,654
Contingent consideration									—						15,925						15,925
Total current liabilities									2,654						15,925						18,579
Other long-term liabilities:
NQDC Plan liability									19,867						—						19,867
Total liabilities									$	22,521					$	15,925					$	38,446

(1)    The restricted investments at March 31, 2023 and December 31, 2022 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, 2022			$	15,925
Milestone payments to Ares Trading S.A. (Merck Serono)			(16,255)
Realized foreign exchange loss on settlement of contingent consideration			330
Contingent consideration as of March 31, 2023			$	—

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

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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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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-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

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