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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value of Financial Instruments |
Schedule of change in fair value, as determined by Level 3 inputs, for all assets and liabilities using unobservable Level 3 inputs | The following table summarizes the change in fair value, as determined by Level 3 inputs, for all assets and liabilities using unobservable Level 3 inputs for the nine months ended September 30, 2022 (in thousands): ​
​ | ​ | ​ | ​
​ |  | Contingent
​ | ​ | Consideration
Balance at March 10, 2022 | ​ | $ | 12,159
Change in fair value | ​ |  | (257)
Balance at September 30, 2022 | ​ | $ | 11,902
Schedule of recurring Level 3 fair value measurements of contingent consideration significant unobservable inputs | The fair value of financial instruments measured on a recurring basis is as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of March 10, 2022
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  | ​ |  |  |  |  |  |  | ​ |
Contingent consideration | ​ | $ | 12,159 |  | — |  | — | ​ | $ | 12,159
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of September 30, 2022
Description |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  | ​ |  |  |  |  |  |  | ​ |
Contingent consideration | ​ | $ | 11,902 |  | — |  | — | ​ | $ | 11,902
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of March 10, 2022 |
​ | ​ | Valuation | ​ | Significant | ​ | Weighted Average |
​ |  | Methodology |  | Unobservable Input |  | (range, if applicable) |
Contingent Consideration |  | Probability weighted |  | Milestone dates |  | 2022-2027 | ​
​ |  | income approach | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Discount rate |  | 7.3% to 8.6% | ​
​ |  |  |  | Weighted Average Discount rate |  | 7.77% | ​
​ |  |  |  | Probability of Occurrence (periodic for each Milestone) |  | 9.9% to 82.4% | ​
​ |  |  |  | Probability of occurrence (cumulative through each Milestone) |  | 5.1% to 62.8% | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of September 30, 2022 |
​ | ​ | Valuation | ​ | Significant | ​ | Weighted Average |
​ |  | Methodology |  | Unobservable Input |  | (range, if applicable) |
Contingent Consideration |  | Probability weighted |  | Milestone dates |  | 2022-2027 | ​
​ | ​ | income approach | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Discount rate | ​ | 12.4% to 13.6% | ​
​ | ​ | ​ | ​ | Weighted Average Discount rate | ​ | 13.0% | ​
​ | ​ | ​ | ​ | Probability of Occurrence (periodic for each Milestone) | ​ | 9.9% to 82.4% | ​
​ |  | ​ |  | Probability of occurrence (cumulative through each Milestone) | ​ | 5.1% to 62.8% | ​

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + 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 (b) -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 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + 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 -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
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