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v3.22.2.2

Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2022
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 September 30, 2022 and December 31, 2021:
In thousands |  | September 30, 2022 |  |  | December 31, 2021 |
Gross trade accounts receivable |  | $ | 182,829 |  |  | $ | 262,948 |
Trade allowances |  |  | (47,656 | ) |  |  | (86,636 | )
Chargebacks |  |  | (10,849 | ) |  |  | (11,714 | )
Allowance for doubtful accounts |  |  | (945 | ) |  |  | (945 | )
Accounts receivable, net |  | $ | 123,379 |  |  | $ | 163,653 |
Calculation of Net Loss and Number of Shares Used to Compute Basic and Diluted Net Loss per Share | The calculation of net loss and the number of shares used to compute basic and diluted net loss per share for the three and nine months ended September 30, 2022 and 2021 are as follows:
| For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
In thousands | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net loss—basic and diluted | $ | (5,140 | ) |  | $ | (13,151 | ) |  | $ | (106,659 | ) |  | $ | (6,969 | )
Weighted average shares outstanding—basic and diluted |  | 404,614 |  |  |  | 396,618 |  |  |  | 399,944 |  |  |  | 395,681 |
Net loss per share—basic and diluted | $ | (0.01 | ) |  | $ | (0.03 | ) |  | $ | (0.27 | ) |  | $ | (0.02 | )
Anti-Dilutive Securities Not Included in the Computation of Net Loss per Share | For the three and nine months ended September 30, 2022 and 2021, the following potentially dilutive securities were not included in the computation of net loss per share because the effect would be anti-dilutive or because performance criteria were not yet met for awards contingent upon such measures:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
In thousands |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Stock options |  |  | 19,040 |  |  |  | 19,146 |  |  |  | 19,040 |  |  |  | 19,146 |
Restricted stock and restricted stock units |  |  | 14,663 |  |  |  | 10,307 |  |  |  | 14,663 |  |  |  | 10,307 |
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 September 30, 2022 and December 31, 2021 and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:
|  | September 30, 2022 |
In thousands |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |
Money Market Fund |  | $ | 117,301 |  |  | $ | 117,301 |  |  | $ | — |  |  | $ | — |
U.S. Treasury Shares |  |  | 8,059 |  |  |  | 8,059 |  |  |  | — |  |  |  | — |
Corporate Bonds |  |  | 35,880 |  |  |  | — |  |  |  | 35,880 |  |  |  | — |
Commercial Paper |  |  | 21,519 |  |  |  | — |  |  |  | 21,519 |  |  |  | — |
Repo Securities |  |  | 3,250 |  |  |  | — |  |  |  | 3,250 |  |  |  | — |
Asset Backed Securities |  |  | 2,237 |  |  |  | — |  |  |  | 2,237 |  |  |  | — |
Certificate of Deposit |  |  | 6,297 |  |  |  | — |  |  |  | 6,297 |  |  |  | — |
Non-US Government |  |  | 1,390 |  |  |  | — |  |  |  | 1,390 |  |  |  | — |
Total |  | $ | 195,933 |  |  | $ | 125,360 |  |  | $ | 70,573 |  |  | $ | — |
|  | December 31, 2021 |
In thousands |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |
Money Market Fund |  | $ | 95,063 |  |  | $ | 95,063 |  |  | $ | — |  |  | $ | — |
U.S. Treasury Shares |  |  | 23,219 |  |  |  | 23,219 |  |  |  | — |  |  |  | — |
Corporate Bonds |  |  | 83,587 |  |  |  | — |  |  |  | 83,587 |  |  |  | — |
Commercial Paper |  |  | 121,773 |  |  |  | — |  |  |  | 121,773 |  |  |  | — |
Repo Securities |  |  | 8,000 |  |  |  | — |  |  |  | 8,000 |  |  |  | — |
Asset Backed Securities |  |  | 8,816 |  |  |  | — |  |  |  | 8,816 |  |  |  | — |
Certificate of Deposit |  |  | 21,553 |  |  |  | — |  |  |  | 21,553 |  |  |  | — |
Non-US Government |  |  | 12,900 |  |  |  | — |  |  |  | 12,900 |  |  |  | — |
Total |  | $ | 374,911 |  |  | $ | 118,282 |  |  | $ | 256,629 |  |  | $ | — |
Summary of Restructuring Charges | The following table sets forth the components of the Company's restructuring charges for the three and nine months ended September 30, 2022 and 2021:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
In thousands |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Employee restructuring separation charges |  | $ | 230 |  |  | $ | 14,115 |  |  | $ | 9,353 |  |  | $ | 14,115 |
Vendor contract charges |  |  | 3,263 |  |  |  | — |  |  |  | 4,353 |  |  |  | — |
Total restructuring expense |  |  | 3,493 |  |  |  | 14,115 |  |  |  | 13,706 |  |  |  | 14,115 |
Restructuring inventory |  |  | 3,078 |  |  |  | — |  |  |  | 18,078 |  |  |  | — |
Stock forfeitures |  |  | 137 |  |  |  | — |  |  |  | 591 |  |  |  | — |
Total restructuring costs incurred |  | $ | 6,708 |  |  | $ | 14,115 |  |  | $ | 32,375 |  |  | $ | 14,115 |
Change in Restructuring Liability | The following table shows the change in restructuring liability which is included within accrued expenses and other current liabilities:
In thousands |  | Restructuring Liability |
Balance at December 31, 2021 |  | $ | 1,186 |
Costs incurred |  |  | 32,375 |
Payments |  |  | (27,614 | )
Balance at September 30, 2022 |  | $ | 5,947 |

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