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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net earnings $ 124 $ 16,948
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 20,749 20,601
Amortization of deferred financing costs and debt discount 0 532
Amortization of premium/discount on marketable securities 1,894 (1,056)
Change in fair value of contingent consideration (1,095) (1,647)
Other noncash adjustments, net 2,449 2,459
Share-based compensation expense 5,897 6,306
Deferred income tax benefit (5,482) (435)
Changes in operating assets and liabilities:    
Accounts receivable (3,579) 21,971
Inventories 1,990 (1,851)
Prepaid expenses and other assets (7,517) (341)
Accrued product returns and rebates 12,952 (3,813)
Accounts payable and other liabilities 10,019 (10,548)
Net cash provided by operating activities 38,401 49,126
Cash flows from investing activities    
Purchases of marketable securities (193,700) 0
Sales and maturities of marketable securities 142,324 240,058
Purchases of property and equipment (248) (278)
Net cash provided by (used in) investing activities (51,624) 239,780
Cash flows from financing activities    
Proceeds from Credit Line 0 93,000
Payments on Credit Line 0 (14,637)
Proceeds from issuance of common stock 2,910 2,256
Employee taxes paid related to net share settlement of equity awards (1,340) (445)
Net cash provided by financing activities 1,570 80,174
Net change in cash, cash equivalents, and restricted cash (11,653) 369,080
Cash and cash equivalents at beginning of year 75,054 93,120
Cash, cash equivalents, and restricted cash at end of period 63,401 462,200
Supplemental cash flow information    
Cash paid for income taxes 336 203
Cash paid for operating leases 4,002 3,457
Noncash operating and investing activities    
Lease assets obtained for new operating leases $ 2,604 $ 2,601