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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 221,121 $ 48,228
Current restricted cash 0 5,006
Accounts receivable, net of $97,262 and $161,052 of adjustments for chargebacks and other allowances at December 31, 2023 and 2022, respectively 162,079 165,438
Inventories 111,196 105,355
Prepaid income taxes 0 3,827
Assets held for sale 8,020 8,020
Prepaid expenses and other current assets 17,400 8,387
Total Current Assets 519,816 344,261
Non-current Assets    
Property and equipment, net 44,593 43,246
Deferred tax assets, net of deferred tax liabilities and valuation allowance 90,711 81,363
Intangible assets, net 209,009 251,635
Goodwill 28,221 28,221
Derivatives and other non-current assets 12,072 11,361
Total Assets 904,422 760,087
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 36,683 29,305
Accrued royalties 16,276 9,307
Accrued compensation and related expenses 23,786 10,312
Accrued government rebates 12,168 10,872
Income taxes payable 8,164 0
Returned goods reserve 29,678 33,399
Current contingent consideration 12,266 0
Accrued expenses and other 5,606 5,394
Total Current Liabilities 145,477 99,439
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 284,819 285,669
Non-current contingent consideration, net of current 11,718 35,058
Other non-current liabilities 4,809 1,381
Total Liabilities 446,823 421,547
Commitments and Contingencies (Note 15)
Mezzanine Equity    
Convertible Preferred Stock, Series A, $0.0001 par value, 1,666,667 shares authorized; 25,000 shares issued and outstanding at December 31, 2023 and 2022 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 20,730,896 shares issued and 20,466,953 outstanding at December 31, 2023; 17,643,497 shares issued and 17,494,466 shares outstanding at December 31, 2022 2 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at December 31, 2023 and 2022 respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Treasury stock, 263,943 shares of common stock, at cost, at December 31, 2023 and 149,031 shares of common stock, at cost, at December 31, 2022 (10,081) (5,094)
Additional paid-in capital 514,103 403,901
Accumulated deficit (80,132) (97,286)
Accumulated other comprehensive income, net of tax 8,857 12,168
Total Stockholders’ Equity 432,749 313,690
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 904,422 $ 760,087