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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Operating activities                    
Net income (loss) $ 8,058 $ 450 $ (4,712) $ (9,700) $ 8,508 $ (14,412)        
Adjustments to reconcile net income (loss) to net cash used in operating activities:                    
Amortization expense 16,795   3,688   27,090 7,376 $ 14,752      
Depreciation expense         394 355        
Stock-based compensation expense         10,535 8,425        
Non-cash lease expense         36 229        
Non-cash interest expense for amortization of debt discount and issuance costs         3,860          
Changes in operating assets and liabilities:                    
Accounts receivable         (8,242) (3,333)        
Inventory         (9,785) (2,136)        
Prepaid expenses and other assets         (2,005) 509        
Accounts payable         1,935 (1,209)        
Accrued expenses         (8,645) (3,285)        
Accrued rebates, returns and discounts         13,504 13,481        
Operating lease assets and liabilities           734        
Other long-term liabilities           (676)        
Net cash provided by operating activities         37,185 6,058        
Investing activities                    
Purchase of intangible asset         (368,226)          
Purchases of property and equipment         (1,662) (4,198)        
Net cash used in investing activities         (369,888) (4,198)        
Financing activities                    
Proceeds from issuances of common stock from employee stock purchase plans         357 444        
Proceeds from the exercise of stock options         6,080 299        
Payments made for employee restricted stock tax withholdings         (1,922) (523)        
Proceeds from issuance of term note, net of issuance costs of $2,456         192,117          
Proceeds from convertible senior notes, net of issuance costs of $5,473         138,277          
Repayment of term notes         (12,500)          
Repayment of term loan         (11,500)          
Net cash provided by financing activities         310,909 220        
Net (decrease) increase in cash, cash equivalents and restricted cash         (21,794) 2,080        
Cash, cash equivalents and restricted cash at beginning of period   170,019   146,633 170,019 146,633 146,633      
Cash, cash equivalents and restricted cash at end of period 148,225   148,713   148,225 148,713 170,019      
Reconciliation of cash, cash equivalents and restricted cash to the Condensed Consolidated Balance Sheets:                    
Cash and cash equivalents               $ 145,678 $ 170,019 $ 148,713
Restricted cash               2,547    
Total cash, cash equivalents and restricted cash 148,225 $ 170,019 $ 148,713 $ 146,633 148,225 148,713 $ 146,633 $ 148,225 $ 170,019 $ 148,713
Supplemental disclosure of cash flow information                    
Cash paid for interest         8,259 362        
Supplemental disclosure of non-cash activities                    
Acquisition of property and equipment in accounts payable and accrued expenses         1,555 512        
Accrued royalties discharged upon closing of asset acquisition         1,145          
Inventory used in the construction and installation of property and equipment $ 219       $ 613          
Receivable from stock option exercises in other current assets           5        
Operating lease assets assumed           9,957        
Operating lease liabilities assumed           $ 10,691