XML 177 R106.htm IDEA: XBRL DOCUMENT
v3.22.2.2

FAIR VALUE MEASUREMENT AND FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Fair Value Disclosures [Abstract] |  |
Summary of Carrying Amounts and Fair Values of Financial Instruments Measured | The following tables set forth the carrying amounts and fair values of the Company’s financial instruments measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurement Based on
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Quoted | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Active | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | ​ | ​ | Markets | ​ | Inputs | ​ | Inputs
​ |  | Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Marketable securities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds (cash equivalents) | ​ | $ | 40,765 | ​ | $ | 40,765 | ​ | $ | 40,765 | ​ | $ | — | ​ | $ | —
Marketable securities | ​ | $ | 89,095 | ​ | $ | 89,095 | ​ | $ | — | ​ | $ | 89,095 | ​ | $ | —
Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Contingent consideration | ​ | $ | 1,800 | ​ | $ | 1,800 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,800
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurement Based on
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Quoted | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Active | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | ​ | ​ | Markets | ​ | Inputs | ​ | Inputs
​ |  | Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Money market funds (cash equivalents) | ​ | $ | 16,382 | ​ | $ | 16,382 | ​ | $ | 16,382 | ​ | $ | — | ​ | $ | —
Liabilities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Contingent consideration | ​ | $ | 52,000 | ​ | $ | 52,000 | ​ | $ | — | ​ | $ | — | ​ | $ | 52,000
| The following tables set forth the carrying amounts and fair values of the Company’s financial instruments measured at fair value on a recurring basis as of December 31, 2021 and 2020 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurement Based on
​ | ​ | ​ | ​ | ​ | ​ | Quoted | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | Active | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | ​ | Markets | ​ | Inputs | ​ | Inputs
​ |  | Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Money market funds (cash equivalents) | ​ | $ | 16,382 | ​ | $ | 16,382 | ​ | $ | 16,382 | ​ | $ | — | ​ | $ | —
Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Contingent consideration - short term | ​ |  | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Contingent consideration - long term | ​ | $ | 52,000 | ​ | $ | 52,000 | ​ | $ | — | ​ | $ | — | ​ | $ | 52,000
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | Fair Value Measurement Based on
​ | ​ | ​ | ​ | ​ | ​ | Quoted | ​ | Significant | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Prices in | ​ | Other | ​ | Significant
​ | ​ | ​ | ​ | ​ | ​ | Active | ​ | Observable | ​ | Unobservable
​ | ​ | Carrying | ​ | ​ | ​ | Markets | ​ | Inputs | ​ | Inputs
​ |  | Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Assets: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Money market funds (cash equivalents) | ​ | $ | 16,374 | ​ | $ | 16,374 | ​ | $ | 16,374 | ​ | $ | — | ​ | $ | —
Liabilities: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Contingent consideration, current portion | ​ |  | 8,985 | ​ | $ | 8,985 | ​ | $ | — | ​ | $ | — | ​ | $ | 8,985
Contingent consideration, net of current portion | ​ | $ | 99,855 | ​ | $ | 99,855 | ​ | $ | — | ​ | $ | — | ​ | $ | 99,855
Summary of Contingent Consideration Liability | The following table sets forth a summary of the change in the fair value of the Company’s contingent consideration liability, measured on a recurring basis at each reporting period (in thousands).
​ | ​ | ​ | ​
Balance at December 31, 2021 |  | $ | 52,000
Change in fair value of contingent consideration | ​ |  | (50,200)
Balance at June 30, 2022 | ​ | $ | 1,800
| The following table sets forth a summary by quarter of the change in the fair value of the Company’s contingent consideration liability, measured on a recurring basis at each reporting period, for the year ended December 31, 2021 (in thousands):
​ | ​ | ​ | ​
Balance at December 31, 2020 |  | $ | 108,840
Change in fair value included in loss | ​ | ​ | 48,160
Balance at March 31, 2021 | ​ | ​ | 157,000
Change in fair value included in loss |  | ​ | 13,600
Balance at June 30, 2021 |  | ​ | 170,600
Change in fair value included in loss |  | ​ | (114,000)
Balance at September 30, 2021 |  | ​ | 56,600
Change in fair value included in loss |  | ​ | (4,600)
Balance at December 31, 2021 | ​ | $ | 52,000
Balance at December 31, 2021, current portion | ​ | $ | —
Balance at December 31, 2021, net of current portion | ​ | $ | 52,000
​ The following table sets forth a summary of the change in the fair value of the Company’s total contingent consideration liability, measured on a recurring basis at each reporting period, for the year ended December 31, 2021.
​ | ​ | ​ | ​
Balance at December 31, 2020 |  | $ | 108,840
Change in fair value of contingent consideration - short term |  | ​ | (8,985)
Change in fair value of contingent consideration - long term |  | ​ | (47,855)
Balance at December 31, 2021 | ​ | $ | 52,000

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 financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 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 (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration