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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities:          
Net income $ 79,783 $ 51,509 $ 157,594 $ 92,736  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     2,648 1,247  
Allowance for expected credit losses     4,072 1,088  
Amortization of deferred other costs     7,062 7,062  
Inventory excess and obsolescence     11,554 (3,888)  
Loss on disposal of property and equipment     31 191  
Stock-based compensation expense     8,309 11,242  
Deferred income taxes-net     6,112 (41,044)  
Foreign exchange loss     633 206  
Changes in operating assets and liabilities:          
Accounts receivable-net     (82,213) (135,600)  
Inventories-net     37,052 24,632  
Prepaid expenses and other current assets     (3,469) (12,058)  
Accounts payable     3,950 (10,209)  
Accrued expenses     17,760 (2,282)  
Income taxes payable     (44,978) 57,605  
Accrued promotional allowance     56,692 62,995  
Accrued distributor termination fees     (248) (3,986)  
Other current liabilities     2,884 3,523  
Change in right of use and lease obligation-net     (34) (38)  
Deferred revenue     (4,757) (8,219)  
Other long-term assets     (6,362) 8  
Net cash provided by operating activities     174,292 45,211  
Cash flows from investing activities:          
Collections from note receivable     0 3,233  
Purchase of property and equipment     (13,739) (6,810)  
Net cash used in investing activities     (13,739) (3,577)  
Cash flows from financing activities:          
Principal payments on finance lease obligations     (30) (22)  
Proceeds from exercise of stock options     1,147 707  
Cash dividends paid on Series A convertible preferred stock     (13,675) (13,637)  
Net cash used in financing activities     (12,558) (12,952)  
Effect of exchange rate changes on cash and cash equivalents     (766) (555)  
Net increase in cash and cash equivalents     147,229 28,127  
Cash and cash equivalents at beginning of the period     755,981 652,927 $ 652,927
Cash and cash equivalents at end of the period $ 903,210 $ 681,054 903,210 681,054 $ 755,981
Cash paid for:          
Taxes     $ 78,170 $ 10,033