XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.24.3

Acquisition (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Acquisition |
Schedule of total consideration and preliminary allocation of the purchase price | The fair value of the total consideration was approximately $309,940 consisting of the following (in thousands): ​
​ | ​ | ​
Fair Value of Purchase Price Consideration | Amount
Fair value of purchase price consideration paid at closing: | ​ | ​
Initial cash consideration | $ | 276,888
Deferred payments and contingent consideration: | ​ | ​
Cash held in escrow related to indemnification and other settlements | ​ | 21,956
Other deferred consideration | ​ | 7,000
Fair value of contingent consideration | ​ | 4,096
Total purchase consideration | $ | 309,940
The following tables set forth the preliminary allocation of the Ironshore Acquisition purchase price to the estimated fair value of the net assets acquired at the Acquisition Date (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Amounts Recognized at the Acquisition Date
Assets Acquired | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 9,350
Accounts receivable | ​ | ​ | 44,411
Inventory | ​ | ​ | 17,155
Prepaid expenses and other current assets | ​ | ​ | 8,394
Property, plant and equipment, net | ​ | ​ | 541
Intangible assets | ​ | ​ | 635,000
Right-of-use assets | ​ | ​ | 800
Deferred tax assets | ​ | ​ | 29,592
Total assets | ​ | $ | 745,243
Liabilities Assumed | ​ | ​ | ​
Accounts payable | ​ | $ | 6,675
Accrued liabilities | ​ | ​ | 72,034
Accrued rebates, returns and discounts | ​ | ​ | 79,103
Borrowings | ​ | ​ | 8,954
Lease liabilities | ​ | ​ | 800
Senior secured notes payable | ​ | ​ | 151,500
Deferred royalty obligation | ​ | ​ | 118,339
Deferred revenue | ​ | ​ | 10,000
Total liabilities | ​ | $ | 447,405
Total identifiable net assets acquired | ​ | ​ | 297,838
Goodwill | ​ | ​ | 12,102
Total consideration transferred | ​ | $ | 309,940
Schedule of Unaudited Pro Forma Summary of Operations | The following table shows the unaudited pro forma summary of operations for the three and nine months ended September 30, 2024 and 2023, as if the Ironshore Acquisition had occurred on January 1, 2023. 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, 2023, and is not indicative of what such results would be expected for any future period (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ | 2024 | ​ | 2023 |  | 2024 | ​ | 2023
Total revenues | $ | 178,899 | ​ | $ | 157,805 | ​ | $ | 512,925 | ​ | $ | 474,725
Net income | $ | (5,390) | ​ | $ | (11,567) | ​ | $ | (35,969) | ​ | $ | (102,849)
Schedule of acquisition related expenses | ​
​ | ​ | ​
​ | Three Months Ended September 30,
​ | 2024
Employee-related expenses | $ | 8,443
Transaction costs | ​ | 8,439
Ironshore directors and officers insurance | ​ | 1,090
Other acquisition expenses | ​ | 1,914
Total acquisition related expenses | $ | 19,886
​

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 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 the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration