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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 145,074 $ 226,801 $ (187,282)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,274 3,226 1,917
Impairment of intangible assets 0 0 2,379
Allowance for credit losses [1] 3,294 2,128 2,352
Amortization of deferred other costs [2] 14,124 14,124 5,885
Inventory excess and obsolescence 19,086 7,312 6,131
Loss on disposal of property, plant and equipment 173 198 0
Stock-based compensation expense 19,591 21,226 20,665
Deferred income taxes-net (9,730) (42,055) 20,244
Foreign exchange loss 1,734 1,246 483
Other operating activities (324) 0 0
Changes in operating assets and liabilities:      
Accounts receivable [3] (89,665) (121,558) (26,369)
Note receivable-net 2,318 0 0
Inventories 77,190 (63,299) 11,802
Prepaid expenses and other current assets 1,074 (7,980) 2,214
Accounts payable [4] (1,170) 5,249 428
Accrued expenses [5] 85,398 (8,025) 34,644
Income taxes payable (39,536) 48,102 (164)
Accrued promotional allowance [6] 36,161 63,810 16,940
Accrued distributor termination fees (248) (3,739) 3,986
Other current liabilities 4,920 7,305 2,610
Change in right of use asset and lease liability-net 535 (102) (183)
Deferred revenue [2] (9,513) (12,723) 189,463
Other long-term assets (4,862) (28) 37
Net cash provided by operating activities 262,898 141,218 108,182
Cash flows from investing activities:      
Collections from note receivable 0 3,233 2,592
Purchase of property, plant and equipment [7] (23,390) (17,433) (8,264)
Purchase of non-marketable equity securities (3,000) 0 0
Acquisition of Big Beverages Contract Manufacturing L.L.C., net of cash acquired (75,336) 0 0
Net cash used in investing activities (101,726) (14,200) (5,672)
Cash flows from financing activities:      
Principal payments on finance lease obligations (61) (44) (63)
Proceeds from exercise of stock options 3,856 2,285 3,683
Proceeds from issuance of Series A preferred shares, net of issuance costs 0 0 542,018
Cash dividends paid on Series A convertible preferred stock [2] (27,500) (27,462) (11,526)
Repurchase of common stock related to tax withholdings (2,261) 0 0
Net cash (used in) provided by financing activities (25,966) (25,221) 534,112
Effect on exchange rate changes on cash and cash equivalents (997) 1,257 50
Net increase in cash and cash equivalents 134,209 103,054 636,672
Cash and cash equivalents at beginning of the period 755,981 652,927 16,255
Cash and cash equivalents at end of the period 890,190 755,981 652,927
Cash paid for:      
Taxes $ 99,134 $ 56,748 $ 14,335
[1] Includes $0.6 million and $0.1 million associated with a related party for the years ended December 31, 2024 and 2023 with no balance for 2022.
[2] Amounts in this line item are associated with a related party for all periods presented.
[3] Includes $(37.8) million, $(98.8) million and $(31.6) million associated with a related party for the years ended December 31, 2024, 2023 and 2022, respectively.
[4] Includes $(1.6) million and $(0.1) million associated with a related party for the years ended December 31, 2024 and 2023, respectively, with no balance for 2022.
[5] Includes $0.8 million $1.3 million and $(2.3) million associated with a related party for the years ended December 31, 2024, 2023 and 2022, respectively.
[6] Includes $23.3 million $37.9 million and $13.9 million associated with a related party for the years ended December 31, 2024, 2023 and 2022, respectively.
[7] Includes $(10.4) million and $(9.7) million associated with a related party for the years ended December 31, 2024 and 2023 with no balance for 2022.