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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 507,925 $ 466,400
Accounts receivable, net of allowances of $22,411 and $21,465 33,976 40,921
Inventory 100,156 95,922
Other current assets 12,393 9,953
Total current assets 654,450 613,196
Property and equipment, net 1,225 930
Intangible assets, net 923,426 947,714
Goodwill 168,300 168,300
Other assets 9,365 10,198
Total assets 1,756,766 1,740,338
Current Liabilities:    
Accounts payable 23,020 7,073
Sales and income taxes payable 5,337 9,067
Accrued expenses and other current liabilities 22,505 20,576
Current portion of long-term debt 6,750 6,750
Current portion of Related Party payable pursuant to Tax Receivable Agreement 13,006 12,675
Total current liabilities 70,618 56,141
Long-term debt 646,367 649,023
Deferred tax liabilities 2,136 3,016
Related Party payable pursuant to Tax Receivable Agreement 172,390 185,496
Other liabilities 1,932 1,694
Total liabilities 893,443 895,370
Contingencies (Note 11)
Stockholders’ equity (Notes 1 and 9):    
Common stock, $0.001 par value per share; 2,000,000,000 shares authorized, 661,830,220 and 660,731,935 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 676 671
Preferred stock, $0.001 par value per share; 25,000,000 shares authorized and no shares issued and outstanding 0 0
Additional paid-in capital 322,758 316,489
Accumulated other comprehensive income (79) 1,365
Retained earnings 539,968 526,443
Total stockholders’ equity 863,323 844,968
Total liabilities and stockholders’ equity $ 1,756,766 $ 1,740,338

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