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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Summary of Impact of Accounts Receivable Reserves on Gross Trade Accounts Receivable Balances

The following table summarizes the impact of accounts receivable reserves on the gross trade accounts receivable balances as of June 30, 2020 and December 31, 2019:

In thousands		June 30, 2020				December 31, 2019
Gross trade accounts receivable		$	173,186			$	149,567
Trade allowances			(36,826	)			(29,261	)
Chargebacks			(10,430	)			(3,876	)
Allowance for doubtful accounts			(945	)			—
Accounts receivable, net		$	124,985			$	116,430

Calculation of Net Income (Loss) and Number of Shares Used to Compute Basic and Diluted Net Earnings (Loss) per Share

The calculation of net income (loss) and the number of shares used to compute basic and diluted net earnings (loss) per share for the three and six months ended June 30, 2020 and 2019 are as follows:

		Three months ended June 30,								Six months ended June 30,
In thousands		2020				2019				2020				2019
Net income (loss)—basic and diluted		$	4,415			$	(1,820	)		$	(16,138	)		$	(26,251	)
Weighted average shares outstanding—basic			384,663				330,863				373,300				329,793
Effect of dilutive securities:
Stock options			6,372				—				—				—
Restricted stock and restricted stock units			1,640				—				—				—
Preferred stock, if converted			6,989				—				—				—
Weighted average shares outstanding—diluted			399,664				330,863				373,300				329,793
Net income (loss) per share—basic		$	0.01			$	(0.01	)		$	(0.04	)		$	(0.08	)
Net income (loss) per share—diluted		$	0.01			$	(0.01	)		$	(0.04	)		$	(0.08	)

Anti-Dilutive Securities Not Included in the Computation of Net Earnings (Loss) or Earnings per Share

For the three and six months ended June 30, 2020 and 2019, the following potentially dilutive securities were not included in the computation of net earnings (loss) per share because the effect would be anti-dilutive or because performance criteria were not yet met for awards contingent upon such measures:

		Three months ended June 30,								Six months ended June 30,
In thousands		2020				2019				2020				2019
Stock options			6,131				16,585				17,178				16,585
Restricted stock and restricted stock units			4,842				9,315				7,572				9,315
Preferred stock, if converted			—				28,932				5,160				28,932

Estimated Fair Value of Assets and Liability

The following tables present information about the estimated fair value of the Company’s assets and liabilities as of June 30, 2020 and December 31, 2019 and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

		June 30, 2020
In thousands		Total				Level 1				Level 2				Level 3
Asset:
Money Market Fund		$	78,795			$	78,795			$	—			$	—
U.S. Treasury Shares			65,626				65,626				—				—
Corporate Bonds			231,022				—				231,022				—
Commercial Paper			102,281				—				102,281				—
Repo Securities			12,000				—				12,000				—
Asset Backed Securities			11,605				—				11,605				—
Certificate of Deposit			6,121				—				6,121				—
Agency Securities			4,925				—				4,925				—
Total		$	512,375			$	144,421				367,954			$	—

		December 31, 2019
In thousands		Total				Level 1				Level 2				Level 3
Asset:
Money Market Fund		$	10,078			$	10,078			$	—			$	—

Carrying Amounts and Estimated Fair Values of Debt from Royalty-Bearing Instrument

The carrying amounts of accounts payable and accrued liabilities approximate fair value because of their short-term nature. The carrying amounts and the estimated fair values of debt from royalty-bearing instrument as of June 30, 2020 and December 31, 2019 are as follows:

		June 30, 2020								December 31, 2019
In thousands		Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
Debt from royalty-bearing instrument		$	22,266			$	22,500			$	49,702			$	50,400

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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