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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net earnings $ 53,424 $ 126,950 $ 113,056
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 32,595 18,141 6,659
Navitor investment R&D expense 15,000 0 0
Amortization of deferred financing costs and debt discount 17,501 16,581 15,708
Share-based compensation expense 17,910 16,561 14,846
Realized gains from sales of marketable securities (347) (4,352) (301)
Amortization of premium/discount on marketable securities 418 (2,889) (4,034)
Changes in fair value of contingent consideration (6,530) 1,900 0
Other noncash adjustments, net (1,420) 1,454 2,226
Deferred income tax (benefit) provision (4,994) 568 (5,832)
Changes in operating assets and liabilities:      
Accounts receivable 3,867 (34,607) 15,751
Inventories (14,580) (10,124) (969)
Prepaid expenses and other assets (8,398) (10,442) (2,864)
Accrued product returns and rebates 4,502 10,386 566
Accounts payable and other liabilities 18,179 8,272 (11,683)
Net cash provided by operating activities 127,127 138,399 143,129
Cash flows from investing activities      
Sales and maturities of marketable securities 530,509 378,422 253,170
Purchases of marketable securities (311,573) (95,890) (409,707)
Acquisition of USWM, net of cash acquired (950) (298,541) 0
Acquisition of Adamas, net of cash acquired (310,742) 0 0
Distribution from (investment in) Navitor 12,888 (15,000) 0
Purchase of property and equipment and deferred legal fees paid (2,045) (3,690) (1,387)
Net cash used in investing activities (81,913) (34,699) (157,924)
Cash flows from financing activities      
Proceeds from issuance of common stock 7,095 4,361 3,928
Proceeds from governmental loan and grant 800 0 0
Repayment of acquired Adamas loan (138,315) 0 0
Payments on finance lease liability 0 (802) 0
Net cash (used in) provided by financing activities (130,420) 3,559 3,928
Net change in cash and cash equivalents (85,206) 107,259 (10,867)
Cash and cash equivalents at beginning of year 288,640 181,381 192,248
Cash and cash equivalents at end of year 203,434 288,640 181,381
Supplemental cash flow information:      
Cash paid for interest on convertible notes 2,516 2,516 2,516
Cash paid for operating leases 11,908 6,949 5,337
Income taxes paid 25,190 45,428 51,540
Noncash investing and financing activity:      
Contingent consideration liability related to acquisitions 10,307 76,700 0
Lease assets and tenant receivable obtained for new operating leases 10,868 2,478 35,594
Lease assets obtained for new finance lease 0 22,747 0
Property and equipment additions from utilization of tenant improvement allowance $ 25 $ 0 $ 10,151