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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net earnings $ 58,537 $ 141
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 61,569 63,183
Amortization of deferred financing costs and debt discount 0 532
Amortization of premium/discount on marketable securities 2,497 (849)
Change in fair value of contingent consideration (6,466) (1,313)
Realized gains from sales of marketable securities (9) 0
Other noncash adjustments, net 8,281 10,485
Share-based compensation expense 20,123 20,314
Deferred income tax benefit (20,064) (15,255)
Changes in operating assets and liabilities:    
Accounts receivable (1,253) 21,155
Inventories 12,619 1,082
Prepaid expenses and other assets (8,542) (8,138)
Accrued product returns and rebates 14,850 10,808
Accounts payable and other liabilities (14,597) (36,018)
Net cash provided by operating activities 127,545 66,127
Cash flows from investing activities    
Purchases of marketable securities (542,608) 0
Maturities of marketable securities 365,891 335,297
Purchases of property and equipment (512) (587)
Net cash provided by (used in) investing activities (177,229) 334,710
Cash flows from financing activities    
Proceeds from Credit Line 0 93,000
Payments on Credit Line 0 (93,000)
Payment on convertible notes 0 (402,500)
Proceeds from issuance of common stock 8,031 5,518
Employee taxes paid related to net share settlement of equity awards (1,728) (1,990)
Net cash provided by (used in) financing activities 6,303 (398,972)
Net change in cash and cash equivalents (43,381) 1,865
Cash and cash equivalents at beginning of year 75,054 93,120
Cash and cash equivalents at end of period 31,673 94,985
Supplemental cash flow information    
Cash paid for interest on debt 0 1,946
Cash paid for income taxes 40,343 27,055
Cash paid for operating leases 13,224 13,242
Noncash investing and financing activities    
Lease assets obtained for new operating leases $ 3,547 $ 5,903