Income Taxes - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands |
Dec. 31, 2023 |
Dec. 31, 2022 |
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Deferred tax assets | ||
Net operating loss carryforwards | $ 32,753 | $ 32,887 |
Deferred revenue | 31 | 837 |
Research and development and orphan drug credits | 38,192 | 96,133 |
Share-based compensation | 5,024 | 6,353 |
ASC 842 lease liability | 7,258 | 2,480 |
Capitalized research expense | 19,543 | 10,168 |
Transaction related expense | 0 | 2,354 |
Inventory related reserves | 13,561 | 18,395 |
Other, net | 6,715 | 3,054 |
Total deferred tax assets | 123,077 | 172,661 |
Valuation allowance for deferred tax assets | (2,588) | (707) |
Deferred tax assets, net of valuation allowance | 120,489 | 171,954 |
Deferred tax liabilities | ||
Non-deductible book amortization | (103,492) | (115,578) |
Depreciation | (3,522) | (2,559) |
ASC 842 right of use asset | (8,259) | (9,061) |
Other, net | (830) | (330) |
Total deferred tax liabilities | (116,103) | (127,528) |
Net deferred tax asset | $ 4,386 | $ 44,426 |
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- Definition Deferred Tax Asset, Transaction Related Expense No definition available.
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- Definition Deferred Tax Assets, Lease Liabilities No definition available.
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- Definition Deferred Tax Liabilities, Non-deductible Book Amortization No definition available.
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- Definition Deferred Tax Liabilities, Right-of-Use Asset No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from in-process research and development costs expensed in connection with a business combination. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible research tax credit carryforwards. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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