XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 144,982 $ 221,121
Restricted cash 35 0
Accounts receivable, net of $91,008 and $97,262 of adjustments for chargebacks and other allowances at September 30, 2024 and December 31, 2023, respectively 196,361 162,079
Inventories 148,042 111,196
Prepaid income taxes 6,104 0
Assets held for sale 0 8,020
Prepaid expenses and other current assets 17,475 17,400
Investment in equity securities 8,298 0
Total Current Assets 521,297 519,816
Non-current Assets    
Property and equipment, net 56,704 44,593
Deferred tax assets, net of deferred tax liabilities and valuation allowance 67,661 90,711
Intangible assets, net 569,825 209,009
Goodwill 60,426 28,221
Derivatives and other non-current assets 11,464 12,072
Total Assets 1,287,377 904,422
Current Liabilities    
Current debt, net of deferred financing costs 7,152 850
Accounts payable 60,890 36,683
Accrued royalties 23,447 16,276
Accrued compensation and related expenses 29,777 23,786
Accrued government rebates 10,693 12,168
Income taxes payable 0 8,164
Returned goods reserve 37,068 29,678
Current contingent consideration 1,283 12,266
Accrued licensor payment 1,809 0
Accrued expenses and other 17,814 5,606
Total Current Liabilities 189,933 145,477
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 312,918 284,819
Non-current convertible notes, net of deferred financing costs 305,293 0
Non-current contingent consideration 20,175 11,718
Accrued licensor payment, net of current 21,316 0
Other non-current liabilities 6,944 4,809
Total Liabilities 856,579 446,823
Commitments and Contingencies (Note 15)
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, 2024 and December 31, 2023 24,850 24,850
Stockholders’ Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 21,493,799 shares issued and 21,069,863 outstanding at September 30, 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 September 30, 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 September 30, 2024 and December 31, 2023, respectively 0 0
Treasury stock, 423,936 shares of common stock, at cost, at September 30, 2024 and 263,943 shares of common stock, at cost, at December 31, 2023 (20,722) (10,081)
Additional paid-in capital 510,899 514,103
Accumulated deficit (89,597) (80,132)
Accumulated other comprehensive income, net of tax 5,366 8,857
Total Stockholders’ Equity 405,948 432,749
Total Liabilities, Mezzanine Equity, and Stockholders’ Equity $ 1,287,377 $ 904,422