Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Property, Plant and Equipment

Depreciation and amortization of property, plant and equipment is provided for under the straight-line method over the assets’ estimated useful lives as follows:



		Useful Lives

Buildings and improvements		10 - 30 years
Machinery and equipment		3 - 15 years

Property, plant and equipment, at cost, as of December 31, 2016 and 2015, consisted of:



	2016			2015
	(in thousands)
Land	$	257		$	257
Building and improvements	8,515			5,296
Machinery and equipment	8,583			5,270
Construction in progress	15,496			3,594
	32,851			14,417
Less accumulated depreciation and amortization	(6,636		)	(5,711		)

Property, plant and equipment, net	$	26,215		$	8,706

Schedule of Accrued Expenses

For the fiscal year ended December 31, 2016, and 2015, the largest components of accrued expenses were:



	2016		2015
	(in thousands)
Wholesaler fees	$	3,505	$	2,523
Capital expenditures	2,475		482
Payroll	1,706		1,167
Royalties	843		744
Consulting fees	608		432
Interest expense	240		240
Other	972		679
	$	10,349	$	6,267

Schedule of Gross-to-Net Sales Deductions

Gross-To-Net Sales Deductions



	Years ended December 31,
	2016		2015		2014
Gross Company product sales	$	217,633	$	99,721	$	51,136

Reduction to gross product sales:
Chargebacks and billbacks	141,343		50,127		26,940
Sales discounts and other allowances	27,419		17,974		4,366
Total reduction to gross product sales	$	168,762	$	68,101	$	31,306

Company product sales, net	$	48,871	$	31,620	$	19,830

Schedule of Annual Activity Allowance for Customer Deductions Disclosure

The annual activity in the Company's allowance for customer deductions and doubtful accounts for the three years ended December 31, 2016 is as follows (in thousands):



	Returns			Chargebacks & Rebates			Discounts			Doubtful Accounts			TOTAL
Balance at December 31, 2013	$	56		$	1,746		$	142		$	16		$	1,960
Provision	767			31,040			1,060			—			32,867
Charges processed	(149		)	(28,234		)	(857		)	—			(29,240		)
Balance at December 31, 2014	$	674		$	4,552		$	345		$	16		$	5,587
Provision	1,724			65,713			2,201			74			69,712
Charges processed	(1,464		)	(57,815		)	(1,754		)	—			(61,033		)
Balance at December 31, 2015	$	934		$	12,450		$	792		$	90		$	14,266
Provision	3,568			160,556			4,667			347			169,138
Charges processed	(2,192		)	(137,125		)	(2,156		)	(20		)	(141,493		)
Balance at December 31, 2016	$	2,310		$	35,881		$	3,303		$	417		$	41,911

Schedule of Earnings Per Share, Basic and Diluted

For the years ended December 31, 2016, 2015 and 2014

(in thousands except shares and per share data)



	2016			2015			2014
Basic earnings (loss) per share computation:
Net income (loss) attributable to common stockholders —basic	$	(11,985	)	$	6,668		$	5,251
Weighted average common shares —basic	53,078,158			52,872,814			49,817,721
Basic earnings (loss) per share	$	(0.23	)	$	0.13		$	0.11

Dilutive earnings (loss) per share computation:
Net income (loss) attributable to common stockholders —basic	$	(11,985	)	$	6,668		$	5,251
Interest expense related to convertible 3.75% senior notes	—			5,391			224
Amortization of discount related to convertible 3.75% senior notes	—			$	6,680		$	—
Change in the fair value of derivative	—			$	(23,144	)	$	—
Net income (loss) attributable to common stockholders —diluted	$	(11,985	)	$	(4,405	)	$	5,475
Share Computation:
Weighted average common shares —basic	53,078,158			52,872,814			49,817,721
Effect of convertible 3.75% senior notes	—			12,732,168			12,732,168
Effect of dilutive stock options and warrants	—			1,507,013			1,657,301
Weighted average common shares outstanding —diluted	53,078,158			67,111,995			64,207,190
Diluted net earnings (loss) per share	$	(0.23	)	$	(0.07	)	$	0.09