XML 52 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Acquisitions

Schedule of consideration paid for acquisition

The total consideration paid for the BDSI acquisition was approximately $669,431 consisting of the following (in thousands, except per share amounts):

​

​	​	​
Fair Value of Purchase Price Consideration	Amount
Fair value of purchase price consideration paid at closing:	​	​
Cash consideration for all outstanding shares of BDSI's common and preferred stock (103,235,298 shares acquired at $5.60 per share)	$	578,118
Cash consideration paid to settle RSUs and in-the-money options	​	28,309
Cash paid to settle BDSI debt	​	63,004
Total purchase consideration	$	669,431

Schedule of preliminary allocation of acquisition purchase price

The following tables set forth the final allocation of the BDSI Acquisition purchase price to the estimated fair value of the net assets acquired at the Acquisition Date:

​

​	​	​	​
​	​	Amounts Recognized at the Acquisition Date
Assets Acquired	​	​	​
Cash and cash equivalents	​	$	97,362
Accounts receivable	​	​	55,495
Inventory	​	​	77,382
Prepaid expenses and other current assets	​	​	6,125
Property and equipment	​	​	1,242
Operating lease assets	​	​	481
Intangible assets	​	​	435,000
Total assets	​	$	673,087
Liabilities Assumed	​	​	​
Accounts payable	​	$	12
Accrued liabilities	​	​	18,249
Accrued rebates, returns and discounts	​	​	56,261
Operating lease liabilities	​	​	481
Deferred tax liabilities	​	​	62,510
Total liabilities	​	$	137,513
Total identifiable net assets acquired	​	​	535,574
Goodwill	​	​	133,857
Total consideration transferred	​	$	669,431

Schedule of Unaudited Pro Forma Summary of Operations

The following table shows the unaudited pro forma summary of operations for the years ended December 31, 2022 and 2021, as if the BDSI Acquisition had occurred on January 1, 2021. This pro forma information does not purport to represent what the Company’s actual results would have been if the acquisition had occurred as of January 1, 2021, and is not indicative of what such results would be expected for any future period:

​

​	​	​	​	​	​
​	Years Ended December 31,
​	2022		​	2021
Total revenues	$	493,284	​	$	443,571
Net income	$	8,674	​	$	15,015

Schedule of acquisition related expenses

​

​	​	​
​	Year Ended December 31, 2022
Transaction costs	$	14,718
Employee-related expenses	​	8,008
BDSI directors and officers insurance	​	4,492
Other acquisition expenses	​	4,079
Total acquisition related expenses	$	31,297

​

X

- Definition

Tabular disclosure for acquisition related expenses in a business combination.

+ References

No definition available.

+ Details

Name:	coll_BusinessCombinationAcquisitionRelatedExpensesTableTextBlock
Namespace Prefix:	coll_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for consideration paid as at the date of acquisition.

+ References

No definition available.

+ Details

Name:	coll_ScheduleOfConsiderationPaidTableTextBlock
Namespace Prefix:	coll_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration