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Supplemental Financial Information
3 Months Ended
Mar. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Supplemental Financial Information
Note 14. Supplemental Financial Information
Inventories consisted of the following (in thousands):
March 31, 2021December 31, 2020
Raw materials$42,907 $43,257 
Work-in-process9,755 8,055 
Finished goods71,861 75,363 
 $124,523 $126,675 
As of March 31, 2021 and December 31, 2020, inventories include adjustments totaling $4.0 million and $6.6 million, respectively, to record balances at lower of cost or net realizable value.
Accrued liabilities and other consisted of the following (in thousands):
March 31, 2021December 31, 2020
Legal and administrative costs$15,650 $15,820 
Operating lease liabilities11,535 11,276 
Contingent consideration (1)
9,424 13,968 
Contract liabilities9,234 6,929 
Restructuring related liabilities (2)
5,569 6,258 
Derivative contract liabilities (3)
2,065 7,372 
Research and development costs4,752 4,257 
Provisions for agents, returns and other2,377 3,063 
Other accrued expenses31,428 26,465 
$92,034 $95,408 
(1)Refer to “Note 5. Fair Value Measurements”
(2)Refer to “Note 3. Restructuring”
(3)Refer to “Note 7. Derivatives and Risk Management”
As of March 31, 2021 and December 31, 2020, contract liabilities of $9.5 million and $8.6 million, respectively, are included within accrued liabilities and other long-term liabilities on the condensed consolidated balance sheets.