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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 8,369 $ 27,365
Accounts receivable, net of $39,050 and $31,535 of adjustments for chargebacks and other allowances at June 30, 2017 and December 31, 2016, respectively 55,513 45,895
Inventories, net 42,307 26,183
Prepaid income taxes 3,991 0
Prepaid expenses and other current assets 2,676 3,564
Total Current Assets 112,856 103,007
Property and equipment, net 14,966 10,998
Restricted cash 5,002 5,002
Deferred tax asset, net of valuation allowance 27,933 26,227
Intangible assets, net 196,624 175,792
Goodwill 1,838 1,838
Total Assets 359,219 322,864
Current Liabilities    
Accounts payable 3,153 3,389
Accrued expenses and other 1,565 927
Accrued royalties 11,255 11,956
Accrued compensation and related expenses 1,227 1,631
Current income taxes payable 0 2,398
Accrued government rebates 3,534 5,891
Returned goods reserve 7,558 5,756
Total Current Liabilities 28,292 31,948
Long-term Liabilities    
Long-term royalties 0 625
Borrowings on line of credit 30,000 0
Convertible notes, net of discount and deferred financing costs 124,381 120,643
Total Liabilities 182,673 153,216
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common stock, $0.0001 par value, 33,333,334 shares authorized; 11,643,075 shares issued and 11,637,872 shares outstanding at June 30, 2017; 11,588,701 shares issued and outstanding at December 31, 2016 1 1
Class C special stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 0 0
Preferred stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 0 0
Treasury stock, 5,203 shares of common stock, at cost, at June 30, 2017, 0 shares of common stock at December 31, 2016 (259) 0
Additional paid-in capital 175,901 172,563
Retained earnings/(Accumulated deficit) 903 (2,916)
Total Stockholders' Equity 176,546 169,648
Total Liabilities and Stockholders' Equity $ 359,219 $ 322,864