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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net earnings $ 21,518 $ 18,340
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Share-based compensation expense 3,988 3,287
Depreciation and amortization 1,732 1,679
Amortization of premium/discount on marketable securities (451) (1,102)
Amortization of deferred financing costs and debt discount 4,061 3,848
Noncash interest expense 1,366 1,437
Noncash royalty revenue (1,567) (1,576)
Noncash operating lease cost 991 879
Deferred income tax benefit 538 279
Changes in operating assets and liabilities:    
Accounts receivable (31,823) 23,013
Inventories 2,210 (859)
Prepaid expenses and other current assets (454) (1,799)
Other noncurrent assets 0 (196)
Accounts payable (7,017) 4,045
Accrued product returns and rebates 11,824 (18,863)
Accrued expenses and other current liabilities (3,634) (3,177)
Income taxes payable 6,654 4,856
Other liabilities (1,020) (1,098)
Net cash provided by operating activities 8,916 32,993
Cash flows from investing activities    
Purchases of marketable securities (15,382) (150,167)
Sales and maturities of marketable securities 53,357 47,143
Purchases of property and equipment (2,537) (221)
Deferred legal fees 0 (1)
Net cash provided by (used in) investing activities 35,438 (103,246)
Cash flows from financing activities    
Proceeds from issuance of common stock 32 783
Net cash provided by financing activities 32 783
Net change in cash and cash equivalents 44,386 (69,470)
Cash and cash equivalents at beginning of year 181,381 192,248
Cash and cash equivalents at end of period 225,767 122,778
Supplemental cash flow information    
Cash paid for interest on convertible notes 1,258 1,258
Income taxes paid 324 800
Noncash investing and financing activities    
Deferred legal fees and fixed assets included in accounts payable and accrued expenses 708 250
Property and equipment additions from utilization of tenant improvement allowance $ 0 $ 282