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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]                    
Net sales $ 166,498 $ 161,624 $ 152,124 $ 118,119 $ 93,195 $ 89,447 $ 55,260 $ 44,348 $ 598,365 $ 282,250
Cost of sales:                    
Cost of product (excluding amortization) 32,695 32,462 29,324 22,073 17,375 24,569 21,186 33,481 116,554 96,611
Amortization of patented formulations 1,590 1,680 2,268 2,451 1,485 2,102 1,658 807 7,989 6,052
Total cost of sales 34,285 34,142 31,592 24,524 18,860 26,671 22,844 34,288 124,543 102,663
Gross profit 132,213 127,482 120,532 93,595 74,335 62,776 32,416 10,060 473,822 179,587
Operating expenses:                    
Selling, general, and administrative 23,555 30,257 33,786 11,280 13,879 8,215 9,621 5,455 98,878 37,170
Amortization of other intangibles 10,243 10,182 10,183 10,182 10,182 10,182 10,182 9,279 40,790 39,825
Acquisition costs 0 0 0 0 0 488 0 16,011 0 16,499
Total operating expenses 33,798 40,439 43,969 21,462 24,061 18,885 19,803 30,745 139,668 93,494
Operating income 98,415 87,043 76,563 72,133 50,274 43,891 12,613 (20,685) 334,154 86,093
Interest expense (15,096) (14,987) (15,563) (15,502) (10,068) (9,794) (10,072) (8,711) (61,148) (38,645)
Other income (expense), net                    
Tax receivable agreement liability adjustment 3,615 0 0 0 0 0 0 0 3,615 0
Other expense, net (595) (213) (157) (47) (35) (29) (93) (33) (1,012) (190)
Other income (expense), net 3,020 (213) (157) (47) (35) (29) (93) (33) 2,603 (190)
Income before provision for income taxes 86,339 71,843 60,843 56,584 40,171 34,068 2,448 (29,429) 275,609 47,258
Income tax provision 17,028 15,252 11,492 11,053 6,783 5,753 413 (4,969) 54,825 7,980
Net income 69,311 56,591 49,351 45,531 33,388 28,315 2,035 (24,460) 220,784 39,278
Comprehensive income $ 69,311 $ 56,591 $ 49,351 $ 45,531 $ 33,388 $ 28,315 $ 2,035 $ (24,460) $ 220,784 $ 39,278
Net income per share:                    
Net income (loss) per share: Basic (in usd per share) $ 0.11 $ 0.09 $ 0.08 $ 0.07 $ 0.05 $ 0.04 $ 0 $ (0.04) $ 0.34 $ 0.06
Net income (loss) per share: Diluted (in usd per share) $ 0.10 $ 0.08 $ 0.08 $ 0.07 $ 0.05 $ 0.04 $ 0 $ (0.04) $ 0.32 $ 0.06
Weighted average common shares outstanding:                    
Weighted average common shares outstanding: Basic (in shares) 648,422,232 648,124,642 648,124,642 647,994,569 647,888,387 647,888,387 647,775,891 597,212,079 648,166,472 635,386,219
Weighted average common shares outstanding: Diluted (in shares) 692,863,933 690,711,782 656,745,557 656,268,316 655,736,276 653,036,893 647,775,891 597,212,079 689,923,792 636,819,975