XML 17 R8.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities    
Net Income (Loss) $ 1,439 $ (20,130)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Stock-based compensation 4,338 3,237
Deferred taxes 773 (7,464)
Depreciation and amortization 14,700 14,557
Non-cash interest 987 982
Contingent consideration fair value adjustment 961 753
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (9,275) (3,099)
Inventories 1,701 (1,462)
Prepaid expenses and other current assets 1,513 (137)
Accounts payable 3,105 (1,009)
Accrued royalties (350) (1,227)
Current income taxes payable, net 92 1,685
Accrued government rebates (2,265) (935)
Returned goods reserve 713 (248)
Accrued expenses, accrued compensation, and other 2,992 (4,445)
Net Cash and Cash Equivalents Provided by (Used in) Operating Activities 21,424 (18,942)
Cash Flows From Investing Activities    
Acquisition of product rights, IPR&D, and other related assets (4) (229)
Acquisition of property and equipment, net (2,349) (1,949)
Net Cash and Cash Equivalents Used in Investing Activities (2,353) (2,178)
Cash Flows From Financing Activities    
Payments on borrowings under credit agreements (750) (750)
Series A convertible preferred stock dividends paid (406) (405)
Proceeds from stock option exercises and ESPP purchases 157 3
Treasury stock purchases for restricted stock vests (3,549) (1,118)
Net Cash and Cash Equivalents Used in Financing Activities (4,548) (2,270)
Net Change in Cash and Cash Equivalents 14,523 (23,390)
Cash and cash equivalents, beginning of period 53,234 105,301
Cash and cash equivalents, end of period 67,757 81,911
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period    
Cash and cash equivalents 67,757 76,911
Current restricted cash 0 5,000
Cash, cash equivalents, and restricted cash, end of period 67,757 81,911
Supplemental disclosure for cash flow information:    
Cash paid for interest, net of amounts capitalized 4,293 5,637
Cash paid for income taxes 2,741 0
Supplemental non-cash investing and financing activities:    
Property and equipment purchased and included in accounts payable $ 729 $ 253