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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 193,078 $ 48,228
Current restricted cash 0 5,006
Accounts receivable, net of $97,774 and $161,052 of adjustments for chargebacks and other allowances at September 30, 2023 and December 31, 2022, respectively 178,842 165,438
Inventories 106,590 105,355
Prepaid income taxes 0 3,827
Assets held for sale 8,020 8,020
Prepaid expenses and other current assets 10,690 8,387
Total Current Assets 497,220 344,261
Non-current Assets    
Property and equipment, net 44,189 43,246
Deferred tax assets, net of deferred tax liabilities and valuation allowance 84,389 81,363
Intangible assets, net 219,828 251,635
Goodwill 28,221 28,221
Derivatives and other non-current assets 16,067 11,361
Total Assets 889,914 760,087
Current Liabilities    
Income taxes payable 594 0
Current debt, net of deferred financing costs 850 850
Accounts payable 34,077 29,305
Accrued royalties 11,975 9,307
Accrued compensation and related expenses 15,328 10,312
Accrued government rebates 10,923 10,872
Returned goods reserve 31,438 33,399
Current contingent consideration 23,939 0
Accrued expenses and other 5,228 5,394
Total Current Liabilities 134,352 99,439
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 285,032 285,669
Non-current contingent consideration 10,560 35,058
Other non-current liabilities 5,259 1,381
Total Liabilities 435,203 421,547
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 September 30, 2023 and December 31, 2022 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 20,653,794 shares issued and 20,394,244 outstanding at September 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 September 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 September 30, 2023 and December 31, 2022, respectively 0 0
Treasury stock, 259,550 shares of common stock, at cost, at September 30, 2023 and 149,031 shares of common stock, at cost, at December 31, 2022 (9,850) (5,094)
Additional paid-in capital 506,513 403,901
Accumulated deficit (80,880) (97,286)
Accumulated other comprehensive income, net of tax 14,076 12,168
Total Stockholders’ Equity 429,861 313,690
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 889,914 $ 760,087