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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 67,669,000 $ 72,307,000
Short-term investments 177,351,000 183,858,000
Accounts receivable, net 41,288,000 38,376,000
Inventory 15,489,000 14,114,000
Short-term portion of financial royalty assets, net 10,276,000 10,025,000
Income taxes receivable 828,000 4,073,000
Other current assets 4,816,000 8,806,000
Assets held for sale (Note 2) 35,228,000 0
Total current assets 352,945,000 331,559,000
Intangible assets, net 250,133,000 266,648,000
Goodwill 101,541,000 105,250,000
Long-term portion of financial royalty assets, net 193,556,000 185,024,000
Noncurrent derivative assets 17,958,000 10,583,000
Property and equipment, net 3,632,000 15,133,000
Lease right-of-use assets 7,991,000 9,673,000
Other investments 10,908,000 10,908,000
Deferred income taxes, net 829,000 72,000
Other assets 9,111,000 6,924,000
Total assets 948,604,000 941,774,000
Current liabilities:    
Accounts payable 8,584,000 5,233,000
Accrued liabilities 17,464,000 27,906,000
Income taxes payable 305,000 1,199,000
Deferred revenue 111,000 1,278,000
Current contingent liabilities 1,465,000 206,000
Current operating lease liabilities 1,089,000 1,266,000
Current finance lease liabilities 24,000 24,000
Liabilities related to assets held for sale (Note 2) 35,692,000 0
Total current liabilities 64,734,000 37,112,000
Long-term deferred revenue 0 2,246,000
Long-term contingent liabilities 4,097,000 3,475,000
Long-term operating lease liabilities 4,629,000 5,815,000
Deferred income taxes, net 32,246,000 32,524,000
Other long-term liabilities 14,369,000 30,163,000
Total liabilities 120,075,000 111,335,000
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value; 5,000 shares authorized; zero issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 60,000 shares authorized; 19,411 and 19,106 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 20,000 20,000
Additional paid-in capital 358,635,000 337,377,000
Accumulated other comprehensive income (loss) 8,494,000 (5,942,000)
Retained earnings 461,380,000 498,984,000
Total stockholders' equity 828,529,000 830,439,000
Total liabilities and stockholders' equity $ 948,604,000 $ 941,774,000