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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net earnings $ 1,316 $ 60,711 $ 53,424
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 84,859 85,543 32,595
Navitor investment R&D expense (see Note 4) 0 0 15,000
Other income from Navitor (see Note 4) 0 (12,888) 0
Impairment of intangible assets 20,189 0 0
Amortization of deferred financing costs and debt discount 532 2,112 17,501
Share-based compensation expense 26,759 17,568 17,910
Realized gains from sales of marketable securities 0 (14) (347)
Amortization of premium/discount on marketable securities (122) 3,233 418
Changes in fair value of contingent consideration (1,517) (510) (6,530)
Other noncash adjustments, net 13,920 11,638 (1,420)
Deferred income tax benefit (25,714) (26,324) (4,994)
Changes in operating assets and liabilities:      
Accounts receivable 18,765 (16,366) 3,867
Inventories 6,110 (17,858) (14,580)
Prepaid expenses and other assets (334) 12,303 (8,398)
Accrued product returns and rebates 2,609 18,941 4,502
Accounts payable and other liabilities (36,287) (19,163) 18,179
Contingent consideration 0 (2,100) 0
Net cash provided by operating activities 111,085 116,826 127,127
Cash flows from investing activities      
Sales and maturities of marketable securities 370,901 190,739 530,509
Purchases of marketable securities (101,621) (406,990) (311,573)
Acquisition of USWM, net of cash acquired 0 0 (950)
Acquisition of Adamas, net of cash acquired 0 0 (310,742)
Distribution from Navitor 0 0 12,888
Purchase of property and equipment and deferred legal fees paid (551) (412) (2,045)
Net cash provided by (used in) investing activities 268,729 (216,663) (81,913)
Cash flows from financing activities      
Proceeds from issuance of common stock 6,610 12,423 7,095
Employee taxes paid related to net share settlement of equity awards (1,990) 0 0
Proceeds from Line of Credit 93,000 0 0
Payments on Line of Credit (93,000) 0 0
Payment on convertible notes (402,500) 0 0
Proceeds from governmental loan and grant 0 0 800
Repayment of acquired Adamas loan 0 0 (138,315)
Payment of contingent consideration 0 (22,900) 0
Net cash used in financing activities (397,880) (10,477) (130,420)
Net change in cash and cash equivalents (18,066) (110,314) (85,206)
Cash and cash equivalents at beginning of year 93,120 203,434 288,640
Cash and cash equivalents at end of year 75,054 93,120 203,434
Supplemental cash flow information:      
Cash paid for interest on debt 1,946 2,516 2,516
Cash paid for operating leases 17,112 12,883 11,908
Cash paid for income taxes 36,602 16,200 25,190
Noncash investing and financing activity:      
Contingent consideration liability related to acquisitions 0 0 10,307
Property and equipment additions from utilization of tenant improvement allowance $ 0 $ 580 $ 25