XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.23.1

Balance Sheet Components | 3 Months Ended
--- | ---
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract] |
Balance Sheet Components | 8. Balance Sheet Components Inventory Inventory consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Raw materials |  | $ | 5,757 |  |  | $ | 5,757 |
Work-in-progress |  |  | 22,539 |  |  |  | 25,052 |
Finished goods |  |  | 21,357 |  |  |  | 25,088 |
Total inventory |  | $ | 49,653 |  |  | $ | 55,897 |
As of March 31, 2023, total inventory included net fair value adjustments resulting from the acquisition of La Jolla of approximately $42.7 million, which will be amortized and recognized as cost of products sold when sales occur in future periods. The fair value adjustments recorded as part of cost of products sold amounted to $6.8 million for the three months ended March 31, 2023. Other Accrued Liabilities Other accrued liabilities consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Accrued contract manufacturing expenses |  | $ | 5,357 |  |  | $ | 8,382 |
Accrued clinical expenses |  |  | 948 |  |  |  | 692 |
Accrued research expenses |  |  | 317 |  |  |  | 349 |
Accrued professional services |  |  | 5,863 |  |  |  | 3,977 |
Current portion of lease liabilities |  |  | 1,266 |  |  |  | 1,316 |
Current portion of deferred royalty obligations |  |  | 3,228 |  |  |  | 2,639 |
Accrued license fees and royalties |  |  | 2,352 |  |  |  | 943 |
Other |  |  | 5,569 |  |  |  | 2,909 |
Total other accrued liabilities |  | $ | 24,900 |  |  | $ | 21,207 |
Amount in “Other” as of March 31, 2023 includes $3.8 million in ISP Fund LP’s liability for unsettled securities transactions. Other Long-term Liabilities Other long-term liabilities consisted of the following:
|  | March 31, |  |  | December 31, |
(in thousands) |  | 2023 |  |  | 2022 |
Long-term portion of deferred royalty obligation |  | $ | 67,130 |  |  | $ | 67,947 |
Long-term portion of lease liabilities |  |  | 2,101 |  |  | $ | 2,376 |
Contingent value rights liability |  |  | 595 |  |  |  | 595 |
Other |  |  | 307 |  |  |  | — |
Total other long-term liabilities |  | $ | 70,133 |  |  | $ | 70,918 |

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 The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration