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FAIR VALUE (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of recurring Level 3 fair value measurements of contingent consideration | The recurring Level 3 fair value measurements of contingent consideration for which a liability is recorded include the following significant unobservable inputs:
Payment Type |  | Valuation Technique |  | Unobservable Input |  | Assumptions
Profit-based milestone payments |  | Probability-weighted discounted cash flow |  | Discount rate |  | 12%
|  |  |  | Projected fiscal year of payment |  | 2025-2035
Product development-based milestone payments |  | Probability-weighted discounted cash flow |  | Discount rate |  | 12.0%
|  |  |  | Probability of payment |  | 100%
|  |  |  | Projected fiscal year of payment |  | 2024
Schedule of changes in contingent consideration | The following table presents the changes in contingent consideration balances classified as Level 3 balances for the years ended December 31, 2023 and 2022:
| Years Ended December 31,
(in thousands) | 2023 |  | 2022
Beginning balance | $ | 35,058 |  |  | $ | 31,000 |
Measurement period adjustment | — |  |  | 300 |
Payment of ANDA filing earn-out | (12,500) |  |  | — |
Change in fair value | 1,426 |  |  | 3,758 |
Ending balance | $ | 23,984 |  |  | $ | 35,058 |
Schedule of financial assets and liabilities accounted for at fair value on a recurring basis | The following table presents financial assets and liabilities accounted for at fair value on a recurring basis as of December 31, 2023 and December 31, 2022, by level within the fair value hierarchy:
(in thousands) Description |  | Fair Value at December 31, 2023 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Money Market Fund |  | $ | 191,841 |  |  | $ | 191,841 |  |  | $ | — |  |  | $ | — |
Interest rate swap |  | $ | 6,236 |  |  | $ | — |  |  | $ | 6,236 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 23,984 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,984 |
Description |  | Fair Value at December 31, 2022 |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 8,759 |  |  | $ | — |  |  | $ | 8,759 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 35,058 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,058 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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