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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net earnings $ 60,711 $ 53,424 $ 126,950
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 85,543 32,595 18,141
Navitor investment R&D expense (see Note 5) 0 15,000 0
Other income from Navitor (see Note 5) (12,888) 0 0
Amortization of deferred financing costs and debt discount 2,112 17,501 16,581
Share-based compensation expense 17,568 17,910 16,561
Realized gains from sales of marketable securities (14) (347) (4,352)
Amortization of premium/discount on marketable securities 3,233 418 (2,889)
Changes in fair value of contingent consideration (510) (6,530) 1,900
Other noncash adjustments, net 11,638 (1,420) 1,454
Deferred income tax (benefit) provision (26,324) (4,994) 568
Changes in operating assets and liabilities:      
Accounts receivable (16,366) 3,867 (34,607)
Inventories (17,858) (14,580) (10,124)
Prepaid expenses and other assets 12,303 (8,398) (10,442)
Accrued product returns and rebates 18,941 4,502 10,386
Accounts payable and other liabilities (19,163) 18,179 8,272
Contingent consideration (2,100) 0 0
Net cash provided by operating activities 116,826 127,127 138,399
Cash flows from investing activities      
Sales and maturities of marketable securities 190,739 530,509 378,422
Purchases of marketable securities (406,990) (311,573) (95,890)
Acquisition of USWM, net of cash acquired 0 (950) (298,541)
Acquisition of Adamas, net of cash acquired 0 (310,742) 0
Distribution from (investment in) Navitor 0 12,888 (15,000)
Purchase of property and equipment and deferred legal fees paid (412) (2,045) (3,690)
Net cash used in investing activities (216,663) (81,913) (34,699)
Cash flows from financing activities      
Proceeds from issuance of common stock 12,423 7,095 4,361
Proceeds from governmental loan and grant 0 800 0
Repayment of acquired Adamas loan 0 (138,315) 0
Payments on finance lease liability 0 0 (802)
Payment of contingent consideration 22,900 0 0
Net cash (used in) provided by financing activities (10,477) (130,420) 3,559
Net change in cash and cash equivalents (110,314) (85,206) 107,259
Cash and cash equivalents at beginning of year 203,434 288,640 181,381
Cash and cash equivalents at end of year 93,120 203,434 288,640
Supplemental cash flow information:      
Cash paid for interest on convertible notes 2,516 2,516 2,516
Cash paid for operating leases 12,883 11,908 6,949
Income taxes paid 16,200 25,190 45,428
Noncash investing and financing activity:      
Contingent consideration liability related to acquisitions 0 10,307 76,700
Lease assets and tenant receivable obtained for new operating leases 1,867 10,868 2,478
Lease assets obtained for new finance lease 0 22,747
Property and equipment additions from utilization of tenant improvement allowance $ 580 $ 25 $ 0