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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 76,911 $ 100,300
Accounts receivable, net of $113,970 and $105,260 of adjustments for chargebacks and other allowances at March 31, 2022 and December 31, 2021, respectively 131,625 128,526
Inventories, net 83,155 81,693
Prepaid income taxes 1,982 3,667
Prepaid expenses and other current assets 7,726 7,589
Total Current Assets 301,399 321,775
Property and equipment 77,677 75,627
Accumulated depreciation (24,964) (22,956)
Property and equipment, net 52,713 52,671
Restricted cash 5,000 5,001
Deferred tax assets, net of deferred tax liabilities and valuation allowance 73,539 67,936
Intangible assets, net 281,573 294,122
Goodwill 28,188 27,888
Derivatives and other non-current assets 2,434 2,205
Total Assets 744,846 771,598
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 22,059 22,967
Accrued royalties 4,998 6,225
Accrued compensation and related expenses 3,265 8,522
Accrued government rebates 4,557 5,492
Returned goods reserve 35,554 35,831
Deferred revenue 116 87
Accrued expenses and other 8,133 7,563
Total Current Liabilities 79,532 87,537
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 286,307 286,520
Non-current contingent consideration 32,053 31,000
Derivatives and other non-current liabilities 860 7,801
Total Liabilities 398,752 412,858
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 March 31, 2022 and December 31, 2021 24,850 24,850
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 17,373,730 shares issued and 17,251,022 outstanding at March 31, 2022; 16,912,401 shares issued and 16,829,739 shares outstanding at December 31, 2021 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively
Treasury stock, 122,708 shares of common stock, at cost, at March 31, 2022 and 82,662 shares of common stock, at cost, at December 31, 2021 (4,253) (3,135)
Additional paid-in capital 391,084 387,844
Accumulated deficit (68,300) (47,765)
Accumulated other comprehensive income/(loss), net of tax 2,712 (3,055)
Total Stockholders' Equity 321,244 333,890
Total Liabilities, Mezzanine Equity, and Stockholders' Equity $ 744,846 $ 771,598