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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 20,414 $ 62,332
Accounts receivable, net of $104,771 and $59,946 of adjustments for chargebacks and other allowances at March 31, 2020 and December 31, 2019, respectively 82,379 72,129
Inventories, net 52,902 48,163
Prepaid income taxes 0 1,076
Prepaid expenses and other current assets 2,967 3,995
Total Current Assets 158,662 187,695
Property and equipment, net 40,353 40,551
Restricted cash 5,002 5,029
Deferred tax assets, net of deferred tax liabilities and valuation allowance 57,906 38,326
Intangible assets, net 215,619 180,388
Goodwill 3,580 3,580
Other non-current assets 1,110 1,220
Total Assets 482,232 456,789
Current Liabilities    
Current debt, net of deferred financing costs 11,872 9,941
Accounts payable 12,485 14,606
Accrued expenses and other 4,378 2,362
Accrued royalties 6,285 5,084
Accrued compensation and related expenses 3,151 3,736
Current income taxes payable, net 15,223 0
Accrued government rebates 8,030 8,901
Returned goods reserve 17,614 16,595
Deferred revenue 318 451
Total Current Liabilities 79,356 61,676
Non-current Liabilities    
Non-current debt, net of deferred financing costs and current component 188,094 175,808
Other non-current liabilities 13,611 6,514
Total Liabilities 281,061 243,998
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 12,111,833 shares issued and 12,083,963 outstanding at March 31,2020; 12,104,875 shares issued and 12,089,565 shares outstanding at December 31, 2019 1 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Treasury stock, 27,870 shares of common stock, at cost, at March 31, 2020 and 15,310 shares of common stock, at cost, at December 31, 2019 (1,211) (723)
Additional paid-in capital 203,505 200,800
Retained earnings 10,565 17,584
Accumulated other comprehensive loss, net of tax (11,689) (4,871)
Total Stockholders' Equity 201,171 212,791
Total Liabilities and Stockholders' Equity $ 482,232 $ 456,789