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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 228,597 $ 221,121
Accounts receivable, net of $91,825 and $97,262 of adjustments for chargebacks and other allowances at March 31, 2024 and December 31, 2023, respectively 172,418 162,079
Inventories 113,837 111,196
Assets held for sale 0 8,020
Prepaid expenses and other current assets 16,050 17,400
Investment in equity securities 9,655 0
Total Current Assets 540,557 519,816
Non-current Assets    
Property and equipment, net 48,526 44,593
Deferred tax assets, net of deferred tax liabilities and valuation allowance 87,607 90,711
Intangible assets, net 196,044 209,009
Goodwill 28,221 28,221
Derivatives and other non-current assets 13,569 12,072
Total Assets 914,524 904,422
Current Liabilities    
Current debt, net of deferred financing costs 850 850
Accounts payable 49,430 36,683
Accrued royalties 15,475 16,276
Accrued compensation and related expenses 9,526 23,786
Accrued government rebates 9,509 12,168
Income taxes payable 11,402 8,164
Returned goods reserve 32,853 29,678
Current contingent consideration 414 12,266
Accrued expenses and other 7,430 5,606
Total Current Liabilities 136,889 145,477
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 284,607 284,819
Non-current contingent consideration 11,160 11,718
Other non-current liabilities 5,055 4,809
Total Liabilities 437,711 446,823
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, 2024 and December 31, 2023 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 21,373,266 shares issued and 20,980,307 outstanding at March 31, 2024; 20,730,896 shares issued and 20,466,953 shares outstanding at December 31, 2023 2 2
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 0 0
Treasury stock, 392,959 shares of common stock, at cost, at March 31, 2024 and 263,943 shares of common stock, at cost, at December 31, 2023 (18,742) (10,081)
Additional paid-in capital 523,628 514,103
Accumulated deficit (62,331) (80,132)
Accumulated other comprehensive income, net of tax 9,406 8,857
Total Stockholders’ Equity 451,963 432,749
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 914,524 $ 904,422