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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 226,801 $ (187,282) $ 3,937
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,226 1,917 1,264
Impairment of intangible assets 0 2,379 0
Allowance for credit losses 2,128 2,352 1,494
Amortization of deferred other costs 14,124 5,885 0
Inventory excess and obsolescence 7,312 6,131 2,355
Loss on disposal of property and equipment 198 0 0
Stock-based compensation expense 21,226 20,665 36,475
Deferred income taxes-net (42,055) 20,244 (9,201)
Foreign exchange loss 1,246 483 880
Gain on lease cancellations 0 0 (28)
Changes in operating assets and liabilities:      
Accounts receivable-net (121,558) (26,369) (25,249)
Inventories-net (63,299) 11,802 (175,174)
Prepaid expenses and other current assets (7,980) 2,214 1,072
Accounts payable 5,249 428 23,966
Accrued expenses (8,025) 34,644 26,484
Income taxes payable 48,102 (164) 1,357
Accrued promotional allowance 63,810 16,940 13,379
Accrued distributor termination fees (3,739) 3,986 0
Other current liabilities 7,305 2,610 374
Change in right of use and lease obligation-net (102) (183) 29
Deferred revenue (12,723) 189,463 0
Other assets (28) 37 0
Net cash provided by (used in) operating activities 141,218 108,182 (96,586)
Cash flows from investing activities:      
Collections from note receivable 3,233 2,592 1,886
Purchase of property and equipment (17,433) (8,264) (3,150)
Net cash (used in) investing activities (14,200) (5,672) (1,264)
Cash flows from financing activities:      
Principal payments on finance lease obligations (44) (63) (94)
Proceeds from exercise of stock options 2,285 3,683 3,720
Proceeds from issuance of Series A preferred shares, net of issuance costs 0 542,018 0
Dividends paid on preferred shares (27,462) (11,526) 0
Net proceeds from sale of common stock 0 0 67,769
Net cash (used in) provided by financing activities (25,221) 534,112 71,395
Effect on exchange rate changes on cash and cash equivalents 1,257 50 (538)
Net increase (decrease) in cash, cash equivalents and restricted cash 103,054 636,672 (26,993)
Cash, cash equivalents and restricted cash at beginning of the period 652,927 16,255 43,248
Cash, cash equivalents and restricted cash at end of the period 755,981 652,927 16,255
Cash paid during period for:      
Taxes 56,748 14,335 0
Interest $ 0 $ 0 $ 7