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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company is managed and operated as a single business focused on the development, manufacture, marketing, distribution and sale of non-opioid pain management and regenerative health solutions. The Company is managed by a single management team, and consistent with its organizational structure, the Chief Executive Officer—who is the Company’s chief operating decision maker, or CODM—manages and allocates resources at a consolidated level. Accordingly, the Company views its business as one operating segment and one reportable segment to evaluate its performance, allocate resources, set operational targets and forecast its future financial results. The key measure of the Company is GAAP net income. The CODM uses this measure to evaluate its performance, allocate resources, set operational targets and forecast its future financial results. There are significant expense categories and amounts that are regularly provided to the CODM. These expense categories differ from what is disclosed in the Company’s financial results. The table below reconciles the significant expense categories provided to the CODM to the Company’s expenses as disclosed under GAAP (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues | $ | 181,099 |  |  | $ | 178,023 |  |  | $ | 350,022 |  |  | $ | 345,140 |
Less: |  |  |  |  |  |  |
Adjusted cost of goods sold | 32,663 |  |  | 43,003 |  |  | 65,253 |  |  | 89,291 |
Adjusted research and development | 24,686 |  |  | 18,413 |  |  | 47,787 |  |  | 34,848 |
Adjusted selling and marketing | 50,964 |  |  | 39,047 |  |  | 106,535 |  |  | 78,482 |
Adjusted general and administrative | 26,231 |  |  | 19,937 |  |  | 46,840 |  |  | 44,266 |
Stock-based compensation | 15,472 |  |  | 12,524 |  |  | 30,025 |  |  | 25,675 |
Amortization of acquired intangible assets | 14,322 |  |  | 14,322 |  |  | 28,644 |  |  | 28,644 |
Changes in the fair value of contingent consideration | (357) |  |  | 1,509 |  |  | (3,032) |  |  | (2,297) |
Other | 8,619 |  |  | 1,028 |  |  | 17,481 |  |  | 4,779 |
Total operating expenses | 172,600 |  |  | 149,783 |  |  | 339,533 |  |  | 303,688 |
Total other (expense) income, net | (10,426) |  |  | 8,344 |  |  | (3,710) |  |  | 8,772 |
(Loss) income before income taxes | (1,927) |  |  | 36,584 |  |  | 6,779 |  |  | 50,224 |
Income tax expense | (2,920) |  |  | (17,698) |  |  | (6,814) |  |  | (22,359) |
Net (loss) income | $ | (4,847) |  |  | $ | 18,886 |  |  | $ | (35) |  |  | $ | 27,865 |
For information on the Company’s fixed assets located outside of the U.S., refer to Note 6, Fixed Assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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