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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 18,207 $ 1,439
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Stock-based compensation 6,934 4,338
Deferred taxes 3,104 773
Depreciation and amortization 14,686 14,700
Unrealized gain on investment in equity securities (9,655) 0
Non-cash operating lease expense 373 0
Non-cash interest 102 987
Contingent consideration fair value adjustment 90 961
Gain on sale of building (5,347) 0
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (10,339) (9,275)
Inventories (2,641) 1,701
Prepaid expenses and other current assets 1,353 1,513
Accounts payable 11,526 3,105
Accrued royalties (801) (350)
Current income taxes payable 3,238 92
Accrued government rebates (2,658) (2,265)
Returned goods reserve 3,174 713
Accrued expenses, accrued compensation, and other (13,077) 2,992
Net Cash and Cash Equivalents Provided by Operating Activities 18,269 21,424
Cash Flows From Investing Activities    
Acquisition of product rights, intangible assets, and other related assets 0 (4)
Acquisition of property and equipment, net (4,581) (2,349)
Proceeds from the sale of building 13,514 0
Net Cash and Cash Equivalents Provided by (Used in) Investing Activities 8,933 (2,353)
Cash Flows From Financing Activities    
Payments on borrowings under credit agreements (750) (750)
Series A convertible preferred stock dividends paid (406) (406)
Proceeds from stock option exercises and ESPP purchases 2,591 157
Treasury stock purchases for restricted stock vests (8,661) (3,549)
Payments on contingent consideration (12,500) 0
Net Cash and Cash Equivalents Used in Financing Activities (19,726) (4,548)
Net Change in Cash, Cash Equivalents, and Restricted Cash 7,476 14,523
Cash, cash equivalents, and restricted cash, beginning of period 221,121 53,234
Cash and cash equivalents, end of period 228,597 67,757
Reconciliation of cash, cash equivalents, and restricted cash, beginning of period    
Cash and cash equivalents 228,597  
Cash, cash equivalents, and restricted cash, beginning of period 228,597 67,757
Supplemental disclosure for cash flow information:    
Cash paid for interest, net of amounts capitalized 7,946 4,293
Cash paid for income taxes 852 2,741
Supplemental non-cash investing and financing activities:    
Property and equipment purchased and included in accounts payable $ 1,222 $ 729