XML 29 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash, cash equivalents, and restricted cash $ 444,634 $ 523,025
Accounts receivable, net of allowances for estimated credit losses of $7,228 and $6,604 at March 31, 2024 and December 31, 2023, respectively 47,666 54,697
Inventories 95,721 91,321
Income tax receivable 1,204 332
Prepaid expenses and other current assets 25,599 28,877
Total current assets 614,824 698,252
Property and equipment, net 12,048 14,226
Right-of-use assets, net 16,383 12,120
Intangible assets, net 58,405 62,123
Goodwill 125,365 125,818
Deferred income tax assets, net 1,932 531
Other assets 15,784 16,043
TOTAL ASSETS 844,741 929,113
Current liabilities:    
Accounts payable 37,312 44,768
Accrued payroll-related expenses 15,456 22,028
Syndeo Program reserves 8,314 21,009
Lease liabilities, current 4,648 4,598
Income tax payable 3,443 2,759
Other accrued expenses 24,395 19,846
Total current liabilities 93,568 115,008
Lease liabilities, non-current 13,688 9,319
Deferred income tax liabilities, net 1,068 702
Warrant liabilities 5,019 3,555
Convertible senior notes, net 665,486 738,372
Other long-term liabilities 2,617 2,767
Total liabilities 781,446 869,723
Commitments (Note 10)
Stockholders’ equity:    
Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 123,453,419 and 122,899,002 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 12 12
Additional paid-in capital 546,912 541,281
Accumulated other comprehensive loss (4,083) (3,036)
Accumulated deficit (479,546) (478,867)
Total stockholders’ equity 63,295 59,390
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 844,741 $ 929,113