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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 96,192 $ 70,565
Marketable securities 101,582 92,198
Accounts receivable, net 228,710 228,540
Inventory 37,218 35,560
Prepaid expenses and other current assets 43,996 30,394
Restricted cash 19,855 25,000
Total current assets 527,553 482,257
Property and equipment, net 13,850 14,329
Operating lease assets 5,545 5,822
Intangible assets, net 835,930 891,402
Restricted cash 1,047 1,047
Deferred tax assets 91,665 98,033
Other noncurrent assets 5,038 8,368
Goodwill 150,760 162,333
Total assets 1,631,388 1,663,591
Current liabilities    
Accounts payable 17,853 3,934
Accrued liabilities 53,740 72,124
Accrued rebates, returns and discounts 324,665 338,642
Current portion of term notes payable 64,583 64,583
Current portion of operating lease liabilities 1,304 1,271
Business combination consideration payable 24,565 28,956
Total current liabilities 486,710 509,510
Term notes payable, net of current portion 535,698 550,733
Convertible senior notes 237,429 237,172
Operating lease liabilities, net of current portion 5,199 5,539
Deferred royalty obligation 121,522 120,613
Deferred revenue 10,000 10,000
Contingent consideration 396 1,182
Total liabilities 1,396,954 1,434,749
Commitments and contingencies (refer to Note 16)
Shareholders' equity:    
Preferred stock, $0.001 par value; authorized shares - 5,000,000
Common stock, $0.001 par value; authorized shares - 100,000,000; 40,338,392 issued and 32,131,798 outstanding shares as of March 31, 2025 and 39,646,749 issued and 31,440,155 outstanding shares as of December 31, 2024 40 40
Additional paid-in capital 593,240 590,251
Treasury stock, at cost; 8,206,594 shares (197,505) (197,505)
Accumulated other comprehensive income 241 55
Accumulated deficit (161,582) (163,999)
Total shareholders' equity 234,434 228,842
Total liabilities and shareholders' equity $ 1,631,388 $ 1,663,591