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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 879,498 $ 755,981
Accounts receivable-net 200,117 183,703
Note receivable-current-net 2,259 2,318
Inventories-net 197,504 229,275
Prepaid expenses and other current assets 21,523 19,503
Deferred other costs-current 14,124 14,124
Total current assets 1,315,025 1,204,904
Property and equipment-net 28,350 24,868
Deferred tax assets 22,437 29,518
Right of use assets-operating leases 1,688 1,957
Right of use assets-finance leases 263 208
Other long-term assets 7,963 291
Deferred other costs-non-current 244,807 248,338
Intangibles-net 11,741 12,139
Goodwill 13,866 14,173
Total Assets 1,646,140 1,536,396
Current liabilities:    
Accounts payable 40,196 42,840
Accrued expenses 63,871 62,120
Income taxes payable 58,619 50,424
Accrued promotional allowance 129,201 99,787
Lease liability obligation-operating leases 821 980
Lease liability obligation-finance leases 61 59
Deferred revenue-current 9,513 9,513
Other current liabilities 12,987 10,890
Total current liabilities 315,269 276,613
Lease liability obligation-operating leases 850 955
Lease liability obligation-finance leases 245 193
Deferred tax liability 2,248 2,880
Deferred revenue-non-current 164,849 167,227
Total Liabilities 483,461 447,868
Commitments and contingencies
Mezzanine Equity:    
Series A convertible preferred stock, $0.001 par value, 5% cumulative dividends; 1,466,666 shares issued and outstanding at each of March 31, 2024 and December 31, 2023, aggregate liquidation preference of $550,000 as of March 31, 2024 and December 31, 2023 824,488 824,488
Stockholders’ Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized, 233,070,146 and 231,787,482 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 78 77
Additional paid-in capital 281,247 276,717
Accumulated other comprehensive loss (2,055) (701)
Retained earnings (accumulated deficit) 58,921 (12,053)
Total Stockholders’ Equity 338,191 264,040
Total Liabilities, Mezzanine Equity and Stockholders’ Equity $ 1,646,140 $ 1,536,396