XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 71,269 $ 74,710 $ 211,635 $ 220,771
Cost of sales 16,861 15,370 51,757 49,762
Gross profit 54,408 59,340 159,878 171,009
Operating expenses:        
Selling, general and administrative 47,149 44,470 140,998 131,691
Research and development 28,870 28,846 87,459 74,321
In-process research and development   5,000 10,000 10,000
Litigation-related settlement   (30,000) (30,000) (30,000)
Total operating expenses 76,019 48,316 208,457 186,012
(Loss) income from operations (21,611) 11,024 (48,579) (15,003)
Non-operating expense:        
Interest income 744 291 1,415 1,016
Interest expense (3,481) (3,413) (10,311) (9,948)
Other expense, net (2,981) (1,470) (9,792) (3,097)
Total non-operating expense (5,718) (4,592) (18,688) (12,029)
(Loss) income before taxes (27,329) 6,432 (67,267) (27,032)
Income tax provision 247 202 468 689
Net (loss) income $ (27,576) $ 6,230 $ (67,735) $ (27,721)
Basic net (loss) income per share (in dollar per share) $ (0.58) $ 0.13 $ (1.43) $ (0.60)
Diluted net (loss) income per share (in dollar per share) $ (0.58) $ 0.13 $ (1.43) $ (0.60)
Weighted average shares used to compute basic net (loss) income per share 47,614 46,737 47,346 46,255
Weighted average shares used to compute diluted net (loss) income per share 47,614 49,320 47,346 46,255