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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 606,428 $ 622,165
Accounts receivable, net of allowance for credit losses of $3,199 and $2,835, and net of allowance for product returns of $1,869 and $1,551 as of March 31, 2023 and December 31, 2022, respectively 125,885 124,283
Inventory 117,874 115,584
Other current assets, net of allowance for credit losses of $0 as of March 31, 2023 and December 31, 2022 30,676 29,056
Total current assets 880,863 891,088
Property and equipment, net 57,100 57,172
Intangible assets, net 85,645 82,458
Goodwill 155,287 148,183
Deferred tax assets 111,232 84,185
Operating lease right-of-use assets 30,491 28,933
Other assets, net of allowance for credit losses of $2 as of March 31, 2023 and December 31, 2022 36,912 37,356
Total assets 1,357,530 1,329,375
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 120,634 119,657
Accrued compensation 19,577 25,582
Deferred revenue 8,776 7,540
Operating lease liabilities 12,243 12,157
Total current liabilities 161,230 164,936
Deferred revenue 11,455 10,792
Convertible senior notes, net and other long-term debt 492,000 490,370
Operating lease liabilities 28,279 27,380
Other liabilities 13,345 13,050
Total liabilities 706,309 706,528
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests 25,840 23,988
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized; 51,255,389 and 50,985,454 shares issued; and 49,722,644 and 49,452,709 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 513 510
Additional paid-in capital 509,132 497,199
Treasury stock, at cost; 1,532,745 shares as of March 31, 2023 and December 31, 2022 (83,993) (83,993)
Accumulated other comprehensive income 170 0
Retained earnings 199,559 185,143
Total stockholders’ equity 625,381 598,859
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 1,357,530 $ 1,329,375