v3.22.2.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

(In thousands)

 

Level 1

 

 

Level 2

 

 

Level 3

 

September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Assets Carried at Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

2,216

 

 

$

 

 

$

 

Liabilities Carried at Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

Acquired contingent consideration

 

 

 

 

 

 

 

 

37,600

 

Derivative liability - conversion option

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Assets Carried at Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

12,192

 

 

$

 

 

$

 

Liabilities Carried at Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

Acquired contingent consideration

 

 

 

 

 

 

 

 

49,600

 

Derivative liability - conversion option

 

 

 

 

 

 

 

 

37

 

Contingent Consideration Liability  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Contingent Liabilities

The following table presents additional information about liabilities measured at fair value on a recurring basis and for which the Company utilizes Level 3 inputs to determine fair value.

 

(In thousands)

 

Three-month period ended September 30, 2022

 

 

Three-month period ended September 30, 2021

 

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Acquired contingent consideration:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

42,900

 

 

$

41,200

 

 

$

49,600

 

 

$

48,200

 

Fair value change to contingent consideration

   included in the statement of operations

 

 

(4,576

)

 

 

2,205

 

 

 

(10,709

)

 

 

(4,224

)

Royalty payments

 

 

(724

)

 

 

(405

)

 

 

(1,291

)

 

 

(976

)

Balance, end of period

 

$

37,600

 

 

$

43,000

 

 

$

37,600

 

 

$

43,000

 

 

Derivative Liability-Conversion Option  
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]  
Schedule of Fair Value Reconciliation of Derivative Liabilities

The following table represents a reconciliation of the derivative liability recorded in connection with the issuance of the convertible senior secured notes due 2024:

(In thousands)

Three-month period ended September 30, 2022

 

 

Three-month period ended September 30, 2021

 

 

Nine-month period ended September 30, 2022

 

 

Nine-month period ended September 30, 2021

 

Derivative Liability-Conversion Option

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

$

 

 

$

613

 

 

$

37

 

 

$

1,193

 

Fair value adjustment

 

 

 

 

(288

)

 

 

(37

)

 

 

(868

)

Balance, end of period

$

 

 

$

325

 

 

$

 

 

$

325