Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Summary of Impact of Accounts Receivable Reserves on Gross Trade Accounts Receivable Balances

The following table summarizes the impact of accounts receivable reserves on the gross trade accounts receivable balances as of June 30, 2024 and December 31, 2023:

In thousands	June 30, 2024			December 31, 2023
Gross trade accounts receivable	$	150,631		$	160,686
Trade allowances		(19,347	)		(18,834	)
Chargebacks		(7,593	)		(8,289	)
Accounts receivable, net	$	123,691		$	133,563

Calculation of Net Income (Loss) and Number of Shares Used to Compute Basic and Diluted Net Earnings (Loss) per Share

The calculation of net income (loss) and the number of shares used to compute basic and diluted net earnings (loss) per share for the three and six months ended June 30, 2024 and 2023 are as follows:

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
In thousands	2024		2023			2024			2023
Net income (loss)—basic and diluted	$	1,522	$	(17,560	)	$	(8,431	)	$	(34,020	)
Weighted average shares outstanding—basic and diluted		410,851		407,848			410,565			407,017
Effect of dilutive securities:
Restricted stock and restricted stock units		545		—			—			—
Stock options		—		—			—			—
Weighted average shares outstanding—diluted		411,395		407,848			410,565			407,017
Earnings (loss) per share—basic	$	0.00	$	(0.04	)	$	(0.02	)	$	(0.08	)
Earnings (loss) per share—diluted	$	0.00	$	(0.04	)	$	(0.02	)	$	(0.08	)

(1) Excluding the licensing revenue change in estimates discussed in Note 7 – Revenue Recognition, net earnings per share, basic and diluted, for the three months ended June 30, 2024 would have been a loss per share of $(0.01) and net loss per share for the three months ended June 30, 2023 would have been $(0.06) and net loss per share for the six months ended June 30, 2024 and 2023 would have been $(0.03) and $(0.10), respectively.

Anti-Dilutive Securities Not Included in the Computation of Net Loss per Share

For the three and six months ended June 30, 2024 and 2023, the following potentially dilutive securities were not included in the computation of net earnings (loss) per share because the effect would be anti-dilutive or because performance criteria were not yet met for awards contingent upon such measures:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
In thousands	2024		2023		2024		2023
Stock options		24,792		16,000		25,337		16,000
Restricted stock and restricted stock units		14,926		14,903		14,926		14,903

Estimated Fair Value of Assets and Liability

The following tables present information about the estimated fair value of the Company’s assets and liabilities as of June 30, 2024 and December 31, 2023 and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

	June 30, 2024
In thousands	Total		Level 1		Level 2		Level 3
Asset:
Money Market Fund	$	103,609	$	103,609	$	—	$	—
U.S. Treasury Securities		132,919		132,919		—		—
Repo Securities		5,000		—		5,000		—
Total	$	241,528	$	236,528	$	5,000	$	—

	December 31, 2023
In thousands	Total		Level 1		Level 2		Level 3
Asset:
U.S. Treasury Shares	$	123,992	$	123,992	$	—	$	—
Money Market Fund		99,226		99,226		—		—
Agency Securities		8,912		—		8,912		—
Repo Securities		3,250		—		3,250		—
Total	$	235,380	$	223,218	$	12,162	$	—

Summary of Restructuring Charges

The following table sets forth the components of the Company's restructuring charges for the three and six months ended June 30, 2023 (none in 2024):

	For the Three Months Ended June 30,			For the Six Months Ended June 30,
In thousands	2023			2023
Restructuring expense	$	10,154		$	10,154
Vendor contract charges		(122	)		(122	)
Total restructuring expense		10,032			10,032
Restructuring inventory		14,300			26,554
Total restructuring costs incurred	$	24,332		$	36,586

Change in Restructuring Liability

The following table shows the change in restructuring liability which is included within accrued expenses and other current liabilities:

In thousands	Restructuring Liability
Balance at December 31, 2023	$	13,589
Costs incurred		—
Payments		(3,361	)
Balance at June 30, 2024	$	10,228