Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of components of income (loss) before provision (benefit) for income taxes

The components of income (loss) before provision (benefit) for income taxes consists of the following:

	Year Ended December 31,
(in thousands)	2022		2021		2020
U.S.	$	29,012	$	(76,389)	$	(5,495)
International	(2,293)		1,351		(5,984)
Income (loss) before income taxes	$	26,719	$	(75,038)	$	(11,479)

Schedule of provision (benefit) for income taxes

The Company’s provision (benefit) for income taxes consists of the following:

	Year Ended December 31,
(in thousands)	2022		2021		2020
Current
Federal	$	42,532	$	—	$	—
State	4,302		(8,166)		3,158
International	(166)		(30)		170
	46,668		(8,196)		3,328
Deferred
Federal	(39,920)		1,048		(1,506)
State	(8,315)		3,058		(178)
International	219		331		350
	(48,016)		4,437		(1,334)
Income tax (benefit) expense	$	(1,348)	$	(3,759)	$	1,994

Schedule of reconciliation of income taxes at the U.S. federal statutory rate to the actual income taxes

The reconciliation of income taxes at the U.S. federal statutory rate to the income tax (benefit) expense is as follows:

	Year Ended December 31,
(in thousands)	2022		2021		2020
U.S. statutory rate	$	5,611	$	(15,758)	$	(2,411)
Permanent items	2,309		1,764		1,176
Acquisition costs - Progenics	—		—		2,723
Recognition of deferred tax asset - assets held for sale	—		—		(3,000)
Section 162(m)	247		1,028		717
Uncertain tax positions	(12,629)		(8,952)		2,818
Other tax credits	(4,085)		(990)		(1,065)
State and local taxes	67		656		1,457
Impact on deferred taxes of change in tax rate	4,169		3,049		—
Non-deductible changes in fair value of contingent assets and liabilities	5,422		15,015		230
Foreign tax rate differential	68		23		(254)
Valuation allowance	(30)		(400)		(318)
Benefit of windfall related to stock compensation	(4,612)		(1,164)		(128)
Change in indemnification deferred tax asset	2,343		1,786		(590)
Other	(228)		184		639
Income tax (benefit) expense	$	(1,348)	$	(3,759)	$	1,994

Schedule of components of deferred incomes tax assets (liabilities)

The components of deferred income tax assets (liabilities) are as follows:

	December 31,
(in thousands)	2022		2021
Deferred Tax Assets
Federal benefit of state tax liabilities	$	1,739	$	4,292
Reserves, accruals and other	31,532		27,159
Inventory obsolescence	919		297
Capitalized research and development	79,946		768
Amortization of intangibles other than goodwill	—		502
Net operating loss carryforwards	88,014		122,944
Depreciation	—		1,102
Deferred tax assets	202,150		157,064
Deferred Tax Liabilities
Reserves, accruals and other	(5,354)		(3,026)
Intangible assets	(80,770)		(87,351)
Amortization of intangibles other than goodwill	(385)		—
Depreciation	(1,469)		—
Deferred tax liability	(87,978)		(90,377)
Less: valuation allowance	(3,525)		(3,923)
	$	110,647	$	62,764
Recorded in the accompanying consolidated balance sheets as:
Noncurrent deferred tax assets, net	$	110,647	$	62,764

Schedule of reconciliation of the Company's changes in uncertain tax positions

A reconciliation of the Company’s changes in uncertain tax positions for 2022 and 2021 is as follows:

(in thousands)	Amount
Balance of uncertain tax positions as of January 1, 2021	$	5,292
Additions related to current year tax positions	—
Reductions related to prior year tax positions	(188)
Settlements	(1,446)
Lapse of statute of limitations	—
Balance of uncertain tax positions as of December 31, 2021	3,658
Additions related to current year tax positions	—
Reductions related to prior year tax positions	(1,180)
Settlements	(306)
Lapse of statute of limitations	(692)
Balance of uncertain tax positions as of December 31, 2022	$	1,480