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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 671,753 $ 710,621
Accounts receivable, net of allowance for credit losses of $2,153 and $2,168, and net of allowance for product returns of $1,162 and $1,181 as of March 31, 2022 and December 31, 2021 respectively 103,067 105,548
Inventory 86,436 75,276
Other current assets, net of allowance for credit losses of $1 and $2 as of March 31, 2022 and December 31, 2021, respectively 27,322 26,175
Total current assets 888,578 917,620
Property and equipment, net 39,969 41,713
Intangible assets, net 86,831 91,406
Goodwill 112,901 112,901
Deferred tax assets 39,554 13,547
Operating lease right-of-use assets 30,135 30,479
Other assets, net of allowance for credit losses of $1 and $78 as of March 31, 2022 and December 31, 2021, respectively 26,822 24,349
Total assets 1,224,790 1,232,015
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 73,615 89,816
Accrued compensation 17,560 23,495
Deferred revenue 5,840 5,697
Operating lease liabilities 10,454 10,331
Total current liabilities 107,469 129,339
Deferred revenue 9,779 9,140
Convertible senior notes, net 488,024 425,345
Operating lease liabilities 31,764 32,591
Other liabilities 9,480 9,545
Total liabilities 646,516 605,960
Commitments and contingencies
Redeemable noncontrolling interest 15,281 12,888
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized; 50,491,600 and 50,406,606 shares issued; and 49,990,324 and 50,259,453 shares outstanding as of March 31, 2022 and December 31, 2021, respectively 505 504
Additional paid-in capital 453,084 498,979
Treasury stock, at cost; 501,276 and 147,153 shares as of March 31, 2022 and December 31, 2021, respectively (28,480) (5,149)
Retained earnings 137,884 118,833
Total stockholders’ equity 562,993 613,167
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 1,224,790 $ 1,232,015