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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 681,054 $ 614,159
Restricted cash 0 38,768
Accounts receivable-net 197,811 63,311
Note receivable-current 3,323 2,979
Inventories-net 152,545 173,289
Prepaid expenses and other current assets 23,398 11,341
Deferred other costs-current 14,124 14,124
Total current assets 1,072,255 917,971
Note receivable-non-current 0 3,574
Property and equipment-net 15,892 10,185
Deferred tax asset 28,373 501
Right of use assets-operating leases 756 972
Right of use assets-finance leases 171 208
Other long-term assets 254 263
Deferred other costs-non-current 255,400 262,462
Intangibles-net 12,211 12,254
Goodwill 13,937 13,679
Total Assets 1,399,249 1,222,069
Current liabilities:    
Accounts payable and accrued expenses 94,313 106,147
Income taxes payable 58,798 1,193
Accrued distributor termination fees 0 3,986
Accrued promotional allowance 98,933 35,977
Lease liability obligation-operating leases 505 661
Lease liability obligation-finance leases 67 70
Deferred revenue-current 9,500 9,675
Other current liabilities 7,109 3,586
Total current liabilities 269,225 161,295
Long-term liabilities:    
Lease liability obligation-operating leases 249 326
Lease liability obligation-finance leases 147 162
Deferred tax liability 2,333 15,919
Deferred revenue-non-current 171,745 179,788
Total Liabilities 443,699 357,490
Commitments and contingencies (Note 19)
Mezzanine Equity:    
Series A convertible preferred shares, $0.001 par value, 5% cumulative dividends; 1,467 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively, aggregate liquidation preference of $550,000 as of June 30, 2023 and December 31, 2022, respectively 824,488 824,488
Stockholders’ Equity:    
Common stock, $0.001 par value; 100,000 shares authorized, 76,884 and 76,382 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 77 76
Additional paid-in capital 278,980 280,668
Accumulated other comprehensive loss (1,877) (1,881)
Accumulated deficit (146,118) (238,772)
Total Stockholders’ Equity 131,062 40,091
Total Liabilities, Mezzanine Equity and Stockholders’ Equity $ 1,399,249 $ 1,222,069