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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 245,965 $ 153,298
Short-term available-for-sale investments 207,845 125,283
Accounts receivable, net 100,653 105,556
Inventories, net 111,865 104,353
Prepaid expenses and other current assets 23,641 21,504
Total current assets 689,969 509,994
Noncurrent available-for-sale investments 0 2,410
Fixed assets, net 166,852 173,927
Right-of-use assets, net 53,830 61,020
Goodwill 0 163,243
Intangible assets, net 440,292 483,258
Deferred tax assets 134,022 144,485
Investments and other assets 36,726 36,049
Total assets 1,521,691 1,574,386
Current liabilities:    
Accounts payable 19,367 15,698
Accrued expenses 76,377 64,243
Lease liabilities 9,191 8,801
Current portion of convertible senior notes, net 201,466 8,641
Total current liabilities 306,401 97,383
Convertible senior notes, net 278,867 398,594
Long-term debt, net 107,024 115,202
Lease liabilities 47,875 54,806
Contingent consideration 19,157 24,698
Other liabilities 12,784 13,573
Total liabilities 772,108 704,256
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023 0 0
Common stock, par value $0.001; 250,000,000 shares authorized; 46,985,386 shares issued and 46,148,146 shares outstanding at September 30, 2024 and 46,481,174 shares issued and outstanding at December 31, 2023 47 46
Treasury stock, at cost, 837,240 and zero shares at September 30, 2024 and December 31, 2023, respectively, inclusive of excise tax (25,121) 0
Additional paid-in capital 996,376 976,633
Accumulated deficit (222,397) (106,796)
Accumulated other comprehensive income 678 247
Total stockholders’ equity 749,583 870,130
Total liabilities and stockholders’ equity $ 1,521,691 $ 1,574,386