XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.3

Certain Balance Sheet Items (Tables)

9 Months Ended

Sep. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Schedule of accounts receivable

Accounts receivable, net and contract assets consisted of the following (in thousands):

						September 30, 2024						December 31, 2023
Accounts receivable from product sales to partners						$	36,912					$	58,588
Accounts receivable from revenues under collaborative agreements						39,603						16,183
Accounts receivable from royalty payments						150,155						118,170
Accounts receivable from other product sales						52,981						47,060
Contract assets						12,681						956
Total accounts receivable and contract assets						292,332						240,957
Allowance for distribution fees and discounts						(6,589)						(6,747)
Total accounts receivable, net and contract assets						$	285,743					$	234,210

Schedule of inventories

Inventories consisted of the following (in thousands):

						September 30, 2024						December 31, 2023
Raw materials						$	30,579					$	23,646
Work-in-process						14,886						34,025
Finished goods						143,518						69,930
Total inventories						188,983						127,601
Less long-term portion (1)						(57,571)						—
Total inventories, current						$	131,412					$	127,601

(1) Long-term portion of inventories represents inventory expected to remain on hand beyond one year and therefore is included in prepaid expenses and other assets in the condensed consolidated balance sheets.

Schedule of prepaid expenses and other assets

Prepaid expenses and other assets consisted of the following (in thousands):

						September 30, 2024						December 31, 2023
Prepaid manufacturing expenses						$	31,055					$	36,850
Other prepaid expenses						18,476						12,902
Long-term inventories						57,571						—
Other assets						16,564						16,677
Total prepaid expenses and other assets						123,666						66,429
Less long-term portion						(80,151)						(17,816)
Total prepaid expenses and other assets, current						$	43,515					$	48,613

Schedule of property and equipment, net

Property and equipment, net consisted of the following (in thousands):

						September 30, 2024						December 31, 2023
Research equipment						$	8,621					$	8,588
Manufacturing equipment						38,762						32,472
Computer and office equipment						9,410						9,722
Leasehold improvements						6,995						6,987
Subtotal						63,788						57,769
Accumulated depreciation and amortization						(23,812)						(19,661)
Subtotal						39,976						38,108
Right of use of assets						34,514						36,836
Total property and equipment, net						$	74,490					$	74,944

Schedule of accrued expenses

Accrued expenses consisted of the following (in thousands):

						September 30, 2024						December 31, 2023
Accrued compensation and payroll taxes						$	17,441					$	17,361
Accrued outsourced manufacturing expenses						11,179						12,361
Taxes payable						3,517						963
Product returns and sales allowance						44,718						41,932
Other accrued expenses						29,213						33,584
Lease liability						30,755						32,197
Total accrued expenses						136,823						138,398
Less long-term portion						(40,406)						(37,720)
Total accrued expenses, current						$	96,417					$	100,678

X

- References

No definition available.

+ Details

Name:	us-gaap_BalanceSheetRelatedDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accrued liabilities.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483489/210-10-50-1

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration