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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 31,673 $ 75,054
Marketable securities 371,537 179,820
Accounts receivable, net 145,408 144,155
Inventories, net 63,981 77,408
Prepaid expenses and other current assets 27,404 16,676
Total current assets 640,003 493,113
Long-term marketable securities 0 16,617
Property and equipment, net 11,876 13,530
Intangible assets, net 540,156 599,889
Goodwill 117,019 117,019
Other assets 33,647 37,505
Total assets 1,342,701 1,277,673
Current liabilities    
Accounts payable and accrued liabilities 75,803 79,569
Accrued product returns and rebates 169,124 154,274
Contingent consideration, current portion 46,581 52,070
Other current liabilities 0 4,283
Total current liabilities 291,508 290,196
Contingent consideration, long-term 403 1,380
Operating lease liabilities, long-term 28,926 33,196
Deferred income tax liabilities, net 7,364 24,963
Other liabilities 7,350 6,422
Total liabilities 335,551 356,157
Commitments and contingencies (Note 14)
Stockholders’ equity    
Common stock, $0.001 par value; 130,000,000 shares authorized; 55,219,273 and 54,723,356 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 55 55
Additional paid-in capital 465,919 439,493
Accumulated other comprehensive earnings (loss), net of tax 78 (593)
Retained earnings 541,098 482,561
Total stockholders’ equity 1,007,150 921,516
Total liabilities and stockholders’ equity $ 1,342,701 $ 1,277,673