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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 161,707 $ 48,228
Current restricted cash 0 5,006
Accounts receivable, net of $89,427 and $161,052 of adjustments for chargebacks and other allowances at June 30, 2023 and December 31, 2022, respectively 172,925 165,438
Inventories 104,323 105,355
Prepaid income taxes 4,088 3,827
Assets held for sale 8,020 8,020
Prepaid expenses and other current assets 8,248 8,387
Total Current Assets 459,311 344,261
Non-current Assets    
Property and equipment, net 44,371 43,246
Deferred tax assets, net of deferred tax liabilities and valuation allowance 81,500 81,363
Intangible assets, net 230,299 251,635
Goodwill 28,221 28,221
Derivatives and other non-current assets 15,639 11,361
Total Assets 859,341 760,087
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 28,505 29,305
Accrued royalties 9,885 9,307
Accrued compensation and related expenses 11,493 10,312
Accrued government rebates 11,971 10,872
Returned goods reserve 29,798 33,399
Current contingent consideration 25,025 0
Accrued expenses and other 5,338 5,394
Total Current Liabilities 122,865 99,439
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 285,244 285,669
Non-current contingent consideration 12,029 35,058
Other non-current liabilities 4,731 1,381
Total Liabilities 424,869 421,547
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 June 30, 2023 and December 31, 2022 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 20,535,782 shares issued and 20,287,425 outstanding at June 30, 2023; 17,643,497 shares issued and 17,494,466 shares outstanding at December 31, 2022 2 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 0 0
Treasury stock, 248,357 shares of common stock, at cost, at June 30, 2023 and 149,031 shares of common stock, at cost, at December 31, 2022 (9,180) (5,094)
Additional paid-in capital 495,488 403,901
Accumulated deficit (90,414) (97,286)
Accumulated other comprehensive income, net of tax 13,726 12,168
Total Stockholders’ Equity 409,622 313,690
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 859,341 $ 760,087