XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 240,110 $ 221,121
Accounts receivable, net of $102,784 and $97,262 of adjustments for chargebacks and other allowances at June 30, 2024 and December 31, 2023, respectively 166,091 162,079
Inventories 125,448 111,196
Prepaid income taxes 2,867 0
Assets held for sale 0 8,020
Prepaid expenses and other current assets 14,001 17,400
Investment in equity securities 6,943 0
Total Current Assets 555,460 519,816
Non-current Assets    
Property and equipment, net 51,640 44,593
Deferred tax assets, net of deferred tax liabilities and valuation allowance 89,506 90,711
Intangible assets, net 183,078 209,009
Goodwill 28,221 28,221
Derivatives and other non-current assets 12,848 12,072
Total Assets 920,753 904,422
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 48,681 36,683
Accrued royalties 20,357 16,276
Accrued compensation and related expenses 16,111 23,786
Accrued government rebates 12,324 12,168
Income taxes payable 0 8,164
Returned goods reserve 33,897 29,678
Current contingent consideration 841 12,266
Accrued expenses and other 6,917 5,606
Total Current Liabilities 139,978 145,477
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 284,394 284,819
Non-current contingent consideration 11,092 11,718
Other non-current liabilities 4,679 4,809
Total Liabilities 440,143 446,823
Commitments and Contingencies (Note 13)
Mezzanine Equity    
Convertible Preferred Stock, Series A, $0.0001 par value, 1,666,667 shares authorized; 25,000 shares issued and outstanding at June 30, 2024 and December 31, 2023 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 21,476,115 shares issued and 21,063,528 outstanding at June 30, 2024; 20,730,896 shares issued and 20,466,953 shares outstanding at December 31, 2023 2 2
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Treasury stock, 412,587 shares of common stock, at cost, at June 30, 2024 and 263,943 shares of common stock, at cost, at December 31, 2023 (20,042) (10,081)
Additional paid-in capital 532,497 514,103
Accumulated deficit (65,025) (80,132)
Accumulated other comprehensive income, net of tax 8,328 8,857
Total Stockholders’ Equity 455,760 432,749
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 920,753 $ 904,422