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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Taxes |
Schedule of income tax benefit recognized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2021
Current provision: | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | 21,504 | ​ | $ | 166 | ​ | $ | —
State | ​ | ​ | 8,227 | ​ | ​ | 4,540 | ​ | ​ | 3,142
​ | ​ | ​ | 29,731 | ​ | ​ | 4,706 | ​ | ​ | 3,142
Deferred benefit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Federal | ​ | $ | (1,401) | ​ | $ | (4,631) | ​ | $ | (61,445)
State | ​ | ​ | (752) | ​ | ​ | (3,920) | ​ | ​ | (16,588)
​ | ​ | ​ | (2,153) | ​ | ​ | (8,551) | ​ | ​ | (78,033)
Provision for (benefit from) income taxes | ​ | $ | 27,578 | ​ | $ | (3,845) | ​ | $ | (74,891)
​
Schedule of reconciliation of income tax expense (benefit) at statutory federal income tax rate to income taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Years Ended December 31, | ​
​ |  | 2023 |  | 2022 |  | 2021 |
Federal income tax expense at statutory rate |  | 21.0 | % | 21.0 | % | 21.0 | %
Change resulting from: | ​ | ​ | ​ | ​ | ​ | ​ | ​
State income tax, net of federal benefit | ​ | 4.9 | ​ | 5.0 | ​ | 2.9 | ​
Permanent difference - debt extinguishment | ​ | 7.1 | ​ | — | ​ | — | ​
Permanent differences - all other | ​ | 1.3 | ​ | (1.9) | ​ | (3.9) | ​
Stock compensation | ​ | 1.0 | ​ | (5.1) | ​ | (18.8) | ​
Research and development credit |  | — | ​ | 0.7 | ​ | 16.3 | ​
Transaction costs |  | — | ​ | (4.4) | ​ | — | ​
Change in tax rates and other |  | 0.4 | ​ | (2.0) | ​ | — | ​
Change in valuation allowance |  | 0.7 | ​ | — | ​ | 2,202.5 | ​
Effective income tax rate |  | 36.4 | % | 13.3 | % | 2,220.0 | %
Schedule of significant components of deferred tax assets and liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ | ​ | 2023 |  | 2022
Deferred tax assets: |  | ​ |  |  | ​ |
U.S. and state net operating loss carryforwards | ​ | $ | 33,800 | ​ | $ | 56,982
Research and development credits | ​ |  | 1,769 | ​ |  | 5,036
Operating lease liabilities | ​ | ​ | 1,803 | ​ | ​ | 2,131
Returns and discounts | ​ | ​ | 18,528 | ​ | ​ | 19,423
Stock-based compensation | ​ | ​ | 7,570 | ​ | ​ | 6,776
Accruals and other | ​ | ​ | 6,257 | ​ | ​ | 5,228
163(j) Carryforward | ​ | ​ | — | ​ | ​ | 3,647
Capitalized R&D | ​ | ​ | 707 | ​ | ​ | 929
Intangible assets | ​ | ​ | 32,771 | ​ | ​ | 23,592
Gross deferred tax assets: | ​ |  | 103,205 | ​ |  | 123,744
Valuation allowance | ​ |  | (5,781) | ​ |  | (5,254)
Total deferred tax assets: | ​ |  | 97,424 | ​ |  | 118,490
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Debt discount | ​ | ​ | (344) | ​ | ​ | (406)
Operating lease assets | ​ | ​ | (1,529) | ​ | ​ | (1,778)
Inventory | ​ | ​ | — | ​ | ​ | (3,918)
Intangible assets | ​ | ​ | (65,774) | ​ | ​ | (84,167)
Property and equipment | ​ | ​ | (3,518) | ​ | ​ | (4,271)
Total deferred tax liabilities: | ​ | ​ | (71,165) | ​ | ​ | (94,540)
Net deferred tax assets | ​ | $ | 26,259 | ​ | $ | 23,950
​
Schedule of reconciliation of gross unrecognized tax benefits | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ | ​ | 2023 |  | 2022 | ​ | 2021
Gross UTB Balance as of January 1 |  | $ | 11,400 |  | $ | 654 | ​ | $ | 586
Additions based on tax positions related to the current year | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 67
Additions for tax positions related to acquisitions | ​ |  | — | ​ |  | 10,930 | ​ |  | —
(Reductions) additions for tax positions of prior years | ​ | ​ | (94) | ​ | ​ | (184) | ​ | ​ | 1
Gross UTB Balance as of December 31 | ​ | $ | 11,306 | ​ | $ | 11,400 | ​ | $ | 654
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Net UTB impacting the effective tax rate as of December 31 excluding valuation allowance impacts, if any | ​ | $ | 11,275 | ​ | $ | 11,368 | ​ | $ | 500
​

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