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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 172,894 $ 238,947
Marketable securities 98,737 71,601
Accounts receivable, net 183,855 179,525
Inventory 27,862 32,332
Prepaid expenses and other current assets 26,850 15,195
Total current assets 510,198 537,600
Property and equipment, net 14,976 15,983
Operating lease assets 5,592 6,029
Intangible assets, net 352,676 421,708
Restricted cash 1,047 1,047
Deferred tax assets 34,184 26,259
Other noncurrent assets 858 825
Goodwill 133,857 133,857
Total assets 1,053,388 1,143,308
Current liabilities    
Accounts payable 2,412 8,692
Accrued liabilities 38,726 37,571
Accrued rebates, returns and discounts 236,208 227,331
Current portion of term notes payable 183,333 183,333
Current portion of operating lease liabilities 1,038 988
Total current liabilities 461,717 457,915
Term notes payable, net of current portion 132,845 221,713
Convertible senior notes 236,650 262,125
Operating lease liabilities, net of current portion 5,593 6,124
Total liabilities 836,805 947,877
Commitments and contingencies (refer to Note 14)
Shareholders' equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000
Common stock, $0.001 par value; authorized shares - 100,000,000; 39,532,358 issued and 32,319,577 outstanding shares as of June 30, 2024 and 38,192,441 issued and 31,868,549 outstanding shares as of December 31, 2023 40 38
Additional paid-in capital 567,976 565,949
Treasury stock, at cost; 7,212,781 shares as of June 30, 2024 and 6,323,892 shares as of December 31, 2023 (165,381) (137,381)
Accumulated other comprehensive (loss) income (182) 14
Accumulated deficit (185,870) (233,189)
Total shareholders' equity 216,583 195,431
Total liabilities and shareholders' equity $ 1,053,388 $ 1,143,308