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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 643,380 $ 710,621
Accounts receivable, net of allowance for credit losses of $2,508 and $2,168, and net of allowance for product returns of $1,231 and $1,181 as of June 30, 2022 and December 31, 2021, respectively 108,256 105,548
Inventory 108,321 75,276
Other current assets, net of allowance for credit losses of $1 and $2 as of June 30, 2022 and December 31, 2021, respectively 26,038 26,175
Total current assets 885,995 917,620
Property and equipment, net 60,680 41,713
Intangible assets, net 82,264 91,406
Goodwill 112,901 112,901
Deferred tax assets 51,638 13,547
Operating lease right-of-use assets 31,850 30,479
Other assets, net of allowance for credit losses of $1 and $78 as of June 30, 2022 and December 31, 2021, respectively 30,213 24,349
Total assets 1,255,541 1,232,015
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 100,983 89,816
Accrued compensation 21,655 23,495
Deferred revenue 6,959 5,697
Operating lease liabilities 11,789 10,331
Total current liabilities 141,386 129,339
Deferred revenue 10,282 9,140
Convertible senior notes, net 488,804 425,345
Operating lease liabilities 31,612 32,591
Other liabilities 6,047 9,545
Total liabilities 678,131 605,960
Commitments and contingencies
Redeemable noncontrolling interest 16,127 12,888
Stockholders’ equity    
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2022 and December 31, 2021 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized; 50,697,378 and 50,406,606 shares issued; and 49,715,571 and 50,259,453 shares outstanding as of June 30, 2022 and December 31, 2021, respectively 507 504
Additional paid-in capital 468,698 498,979
Treasury stock, at cost; 981,807 and 147,153 shares as of June 30, 2022 and December 31, 2021, respectively (56,648) (5,149)
Retained earnings 148,726 118,833
Total stockholders’ equity 561,283 613,167
Total liabilities, redeemable noncontrolling interest and stockholders’ equity $ 1,255,541 $ 1,232,015