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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net earnings (loss) $ (11,827) $ 124
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 20,383 20,749
Amortization of premium/discount on marketable securities (1,074) 1,894
Change in fair value of contingent consideration 7,660 (1,095)
Share-based compensation expense 8,068 5,897
Deferred income tax benefit (3,990) (5,482)
Inventory valuation write-down 547 730
Payment of contingent consideration (4,900) 0
Other noncash adjustments, net 1,826 1,719
Changes in operating assets and liabilities:    
Accounts receivable (3,563) (3,579)
Inventories 4,731 1,990
Prepaid expenses and other assets 7,372 (7,517)
Accrued product returns and rebates 1,428 12,952
Accounts payable and other liabilities 3,938 10,019
Net cash provided by operating activities 30,599 38,401
Cash flows from investing activities    
Purchases of marketable securities (118,557) (193,700)
Maturities of marketable securities 156,201 142,324
Purchases of property and equipment (327) (248)
Net cash provided by (used in) investing activities 37,317 (51,624)
Cash flows from financing activities    
Proceeds from issuance of common stock 2,042 2,910
Employee taxes paid related to net share settlement of equity awards (3,341) (1,340)
Payment of contingent consideration (20,100) 0
Net cash provided by (used in) financing activities (21,399) 1,570
Net change in cash and cash equivalents 46,517 (11,653)
Cash and cash equivalents at beginning of year 69,331 75,054
Cash and cash equivalents at end of period 115,848 63,401
Supplemental cash flow information    
Cash paid for income taxes 274 336
Cash paid for operating leases 3,892 4,002
Noncash investing and financing activities    
Lease assets obtained for new operating leases $ 0 $ 2,604