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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 100,300 $ 7,864
Accounts receivable, net of $105,260 and $100,328 of adjustments for chargebacks and other allowances at December 31, 2021 and December 31, 2020, respectively 128,526 95,793
Inventories, net 81,693 60,803
Prepaid income taxes 3,667 0
Prepaid expenses and other current assets 7,589 5,861
Total Current Assets 321,775 170,321
Property and equipment 75,627 58,796
Accumulated depreciation (22,956) (17,527)
Property and equipment, net 52,671 41,269
Restricted cash 5,001 5,003
Deferred tax assets, net of deferred tax liabilities and valuation allowance 67,936 51,704
Intangible assets, net 294,122 188,511
Goodwill 27,888 3,580
Other non-current assets 2,205 802
Total Assets 771,598 461,190
Current Liabilities    
Current debt, net of deferred financing costs 850 13,243
Accounts payable 22,967 11,261
Accrued royalties 6,225 6,407
Accrued compensation and related expenses 8,522 6,231
Current income taxes payable, net 0 3,906
Accrued government rebates 5,492 7,826
Returned goods reserve 35,831 27,155
Deferred revenue 87 80
Accrued expenses and other 7,563 2,456
Total Current Liabilities 87,537 78,565
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 286,520 172,443
Non-current contingent consideration 31,000 0
Derivatives and other non-current liabilities 7,801 14,482
Total Liabilities 412,858 265,490
Commitments and Contingencies (Note 12)
Mezzanine Equity    
Convertible Preferred Stock, Series A, $0.0001 par value, 1,666,667 shares authorized; 25,000 shares issued and outstanding at December 31, 2021; 0 shares issued and outstanding at December 31, 2020 24,850 0
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 16,912,401 shares issued and 16,829,739 outstanding at December 31, 2021; 12,429,916 shares issued and 12,354,398 shares outstanding at December 31, 2020 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively
Treasury stock, 82,662 shares of common stock, at cost, at December 31, 2021 and 75,518 shares of common stock, at cost, at December 31, 2020 (3,135) (2,246)
Additional paid-in capital 387,844 214,354
Accumulated deficit (47,765) (4,972)
Accumulated other comprehensive loss, net of tax (3,055) (11,437)
Total Stockholders' Equity 333,890 195,700
Total Liabilities, Mezzanine Equity, and Stockholders' Equity $ 771,598 $ 461,190