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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 67,757 $ 48,228
Current restricted cash 0 5,006
Accounts receivable, net of $112,950 and $161,052 of adjustments for chargebacks and other allowances at March 31, 2023 and December 31, 2022, respectively 174,713 165,438
Inventories 103,654 105,355
Prepaid income taxes 3,735 3,827
Assets held for sale 8,020 8,020
Prepaid expenses and other current assets 6,874 8,387
Total Current Assets 364,753 344,261
Property and equipment 70,553 75,958
Accumulated depreciation (27,278) (32,712)
Property and equipment, net 43,275 43,246
Deferred tax assets, net of deferred tax liabilities and valuation allowance 80,956 81,363
Intangible assets, net 238,791 251,635
Goodwill 28,221 28,221
Derivatives and other non-current assets 9,228 11,361
Total Assets 765,224 760,087
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 32,687 29,305
Accrued royalties 8,957 9,307
Accrued compensation and related expenses 13,051 10,312
Accrued government rebates 8,607 10,872
Returned goods reserve 34,108 33,399
Current contingent consideration 22,761  
Accrued expenses and other 4,804 5,394
Total Current Liabilities 125,825 99,439
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 285,457 285,669
Non-current contingent consideration 13,258 35,058
Other non-current liabilities 1,202 1,381
Total Liabilities 425,742 421,547
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, 2023 and December 31, 2022 24,850 24,850
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 18,225,921 shares issued and 17,992,397 outstanding at March 31, 2023; 17,643,497 shares issued and 17,494,466 shares outstanding at December 31, 2022 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively
Treasury stock, 233,524 shares of common stock, at cost, at March 31, 2023 and 149,031 shares of common stock, at cost, at December 31, 2022 (8,643) (5,094)
Additional paid-in capital 408,395 403,901
Accumulated deficit (96,252) (97,286)
Accumulated other comprehensive income, net of tax 11,131 12,168
Total Stockholders' Equity 314,632 313,690
Total Liabilities, Mezzanine Equity, and Stockholders' Equity $ 765,224 $ 760,087