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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net earnings (loss) $ 16,117 $ 33,481
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 41,326 42,919
Other income from Navitor (see Note 4) 0 (12,888)
Amortization of deferred financing costs and debt discount 532 1,053
Realized gains from sales of marketable securities 0 (13)
Amortization of premium/discount on marketable securities (917) 1,068
Change in fair value of contingent consideration (857) 1,408
Other noncash adjustments, net 8,427 (1,187)
Share-based compensation expense 12,394 8,322
Deferred income tax benefit (5,989) (16,057)
Changes in operating assets and liabilities:    
Accounts receivable 26,364 (9,093)
Inventories (5,830) 1,842
Prepaid expenses and other assets (28,544) 1,866
Accrued product returns and rebates (2,839) 13,037
Accounts payable and other liabilities (29,932) 11,763
Contingent consideration 0 (2,100)
Net cash provided by operating activities 30,252 75,421
Cash flows from investing activities    
Purchases of marketable securities 0 (206,503)
Sales and maturities of marketable securities 300,513 121,112
Purchases of property and equipment (437) (275)
Net cash provided by (used in) investing activities 300,076 (85,666)
Cash flows from financing activities    
Proceeds from Line of Credit 93,000 0
Payments on Line of Credit (93,000) 0
Payment on convertible notes (402,500) 0
Payment of contingent consideration 0 (22,900)
Proceeds from issuance of common stock 3,758 3,139
Net cash used in financing activities (398,742) (19,761)
Net change in cash, cash equivalents, and restricted cash (68,414) (30,006)
Cash and cash equivalents at beginning of year 93,120 203,434
Cash and cash equivalents at end of period 24,706 173,428
Supplemental cash flow information    
Cash paid for interest on debt 1,946 1,258
Cash paid for income taxes 20,434 8,543
Cash paid for operating leases 8,709 6,238
Noncash investing and financing activities    
Lease assets obtained for new operating leases 3,938 212
Property and equipment additions from utilization of tenant improvement allowance $ 0 $ 580