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Certain Balance Sheet Items | 3 Months Ended
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Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract] |
Certain Balance Sheet Items | Certain Balance Sheet Items Accounts receivable, net and contract assets consisted of the following (in thousands):
|  | March 31, 2024 |  | December 31, 2023
Accounts receivable from product sales to partners |  | $ | 27,045 |  |  | $ | 58,588 |
Accounts receivable from revenues under collaborative agreements |  | 2,078 |  |  | 16,183 |
Accounts receivable from royalty payments |  | 115,413 |  |  | 118,170 |
Accounts receivable from other product sales |  | 46,986 |  |  | 47,060 |
Contract assets |  | 10,589 |  |  | 956 |
Total accounts receivable and contract assets |  | 202,111 |  |  | 240,957 |
Allowance for distribution fees and discounts |  | (6,209) |  |  | (6,747) |
Total accounts receivable, net and contract assets |  | $ | 195,902 |  |  | $ | 234,210 |
Inventories, consisted of the following (in thousands):
|  | March 31, 2024 |  | December 31, 2023
Raw materials |  | $ | 29,112 |  |  | $ | 23,646 |
Work-in-process |  | 43,611 |  |  | 34,025 |
Finished goods |  | 95,818 |  |  | 69,930 |
Total inventories, net |  | $ | 168,541 |  |  | $ | 127,601 |
Prepaid expenses and other assets consisted of the following (in thousands):
|  | March 31, 2024 |  | December 31, 2023
Prepaid manufacturing expenses |  | $ | 36,211 |  |  | $ | 36,850 |
Other prepaid expenses |  | 13,847 |  |  | 12,902 |
Other assets |  | 12,951 |  |  | 16,677 |
Total prepaid expenses and other assets |  | 63,009 |  |  | 66,429 |
Less: Long-term portion |  | (17,319) |  |  | (17,816) |
Total prepaid expenses and other assets, current |  | $ | 45,690 |  |  | $ | 48,613 |
Prepaid manufacturing expenses include raw materials, slot reservation fees and other amounts paid to contract manufacturing organizations. Such amounts are reclassified to work-in-process inventory as materials are used or the contract manufacturing organization services are complete. Property and equipment, net consisted of the following (in thousands):
|  | March 31, 2024 |  | December 31, 2023
Research equipment |  | $ | 8,690 |  |  | $ | 8,588 |
Manufacturing equipment |  | 36,364 |  |  | 32,472 |
Computer and office equipment |  | 10,888 |  |  | 9,722 |
Leasehold improvements |  | 7,124 |  |  | 6,987 |
Subtotal |  | 63,066 |  |  | 57,769 |
Accumulated depreciation and amortization |  | (21,180) |  |  | (19,661) |
Subtotal |  | 41,886 |  |  | 38,108 |
Right of use of assets |  | 36,185 |  |  | 36,836 |
Property and equipment, net |  | $ | 78,071 |  |  | $ | 74,944 |
Depreciation and amortization expense was approximately $2.4 million and $2.6 million, inclusive of ROU asset amortization of $1.4 million and $1.4 million for the three months ended March 31, 2024 and 2023, respectively. Accrued expenses consisted of the following (in thousands):
|  | March 31, 2024 |  | December 31, 2023
Accrued compensation and payroll taxes |  | $ | 10,442 |  |  | $ | 17,361 |
Accrued outsourced manufacturing expenses |  | 27,456 |  |  | 12,361 |
Income taxes payable |  | 19,074 |  |  | 963 |
Product returns and sales allowance |  | 39,941 |  |  | 41,932 |
Other accrued expenses |  | 20,839 |  |  | 33,584 |
Lease liability |  | 31,763 |  |  | 32,197 |
Total accrued expenses |  | 149,515 |  |  | 138,398 |
Less long-term portion |  | (31,201) |  |  | (37,720) |
Total accrued expenses, current |  | $ | 118,314 |  |  | $ | 100,678 |
Expense associated with the accretion of the lease liabilities was approximately $0.6 million and $0.7 million for the three months ended March 31, 2024 and 2023, respectively. Total lease expense for the three months ended March 31, 2024 and 2023 was $2.0 million and $2.1 million, respectively. Cash paid for amounts related to leases for the three months ended March 31, 2024 and 2023 was $1.8 million and $1.7 million, respectively.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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