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v3.23.1

Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, 2023 and December 31, 2022:
In thousands |  | March 31, 2023 |  |  | December 31, 2022 |
Gross trade accounts receivable |  | $ | 164,010 |  |  | $ | 187,418 |
Trade allowances |  |  | (18,920 | ) |  |  | (44,626 | )
Chargebacks |  |  | (11,854 | ) |  |  | (11,802 | )
Accounts receivable, net |  | $ | 133,236 |  |  | $ | 130,990 |
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 months ended March 31, 2023 and 2022 are as follows:
| For the Three Months Ended March 31, |
In thousands | 2023 |  |  | 2022 |
Net loss—basic and diluted | $ | (16,460 | ) |  | $ | (31,563 | )
Weighted average shares outstanding—basic and diluted |  | 406,177 |  |  |  | 397,805 |
Net loss per share—basic and diluted | $ | (0.04 | ) |  | $ | (0.08 | )
Anti-Dilutive Securities Not Included in the Computation of Net Loss per Share | For the three months ended March 31, 2023 and 2022, 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 March 31, |
In thousands |  | 2023 |  |  | 2022 |
Stock options |  |  | 19,639 |  |  |  | 19,639 |
Restricted stock and restricted stock units |  |  | 18,568 |  |  |  | 15,369 |
Laxdale milestone shares |  |  | — |  |  |  | 1,984 |
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 March 31, 2023 and December 31, 2022 and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:
|  | March 31, 2023 |
In thousands |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |
Agency Securities |  | $ | 3,999 |  |  | $ | 3,999 |  |  | $ | — |  |  | $ | — |
Money Market Fund |  |  | 80,105 |  |  |  | 80,105 |  |  |  | — |  |  |  | — |
U.S. Treasury Securities |  |  | 3,153 |  |  |  | 3,153 |  |  |  | — |  |  |  | — |
Corporate Bonds |  |  | 16,035 |  |  |  | — |  |  |  | 16,035 |  |  |  | — |
Commercial Paper |  |  | 79,440 |  |  |  | — |  |  |  | 79,440 |  |  |  | — |
Repo Securities |  |  | 3,250 |  |  |  | — |  |  |  | 3,250 |  |  |  | — |
Asset-Backed Securities |  |  | 546 |  |  |  | — |  |  |  | 546 |  |  |  | — |
Certificate of Deposit |  |  | 8,490 |  |  |  | — |  |  |  | 8,490 |  |  |  | — |
Non-US Government Securities |  |  | 1,399 |  |  |  | — |  |  |  | 1,399 |  |  |  | — |
Total |  | $ | 196,417 |  |  | $ | 87,257 |  |  | $ | 109,160 |  |  | $ | - |
|  | December 31, 2022 |
In thousands |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Asset: |  |  |  |  |  |  |  |  |  |  |  |
Money Market Fund |  | $ | 81,870 |  |  | $ | 81,870 |  |  | $ | — |  |  | $ | — |
U.S. Treasury Securities |  |  | 3,117 |  |  |  | 3,117 |  |  |  | — |  |  |  | — |
Agency Securities |  |  | 1,554 |  |  |  | 1,554 |  |  |  | — |  |  |  | — |
Corporate Bonds |  |  | 28,416 |  |  |  | — |  |  |  | 28,416 |  |  |  | — |
Commercial Paper |  |  | 62,347 |  |  |  | — |  |  |  | 62,347 |  |  |  | — |
Repo Securities |  |  | 3,250 |  |  |  | — |  |  |  | 3,250 |  |  |  | — |
Asset-Backed Securities |  |  | 1,260 |  |  |  | — |  |  |  | 1,260 |  |  |  | — |
Certificate of Deposit |  |  | 9,100 |  |  |  | — |  |  |  | 9,100 |  |  |  | — |
Non-US Government Securities |  |  | 1,393 |  |  |  | — |  |  |  | 1,393 |  |  |  | — |
Total |  | $ | 192,307 |  |  | $ | 86,541 |  |  | $ | 105,766 |  |  | $ | — |
Change in Restructuring Liability Associated with the Plan | 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, 2022 |  | $ | 192 |
Costs incurred |  |  | 12,254 |
Payments |  |  | (10,323 | )
Balance at March 31, 2023 |  | $ | 2,123 |

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