v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of Comprehensive Income [Abstract]      
Net sales $ 458,300 $ 704,274 $ 598,365
Cost of sales:      
Cost of product (excluding amortization) 131,323 177,221 116,554
Amortization of patented formulations 8,345 7,500 7,989
Total cost of sales 139,668 184,721 124,543
Gross profit 318,632 519,553 473,822
Operating expenses:      
Selling, general, and administrative 168,942 113,877 98,878
Amortization of other intangibles 41,468 41,282 40,790
Total operating expenses 210,410 155,159 139,668
Operating income 108,222 364,394 334,154
Interest expense (57,954) (43,953) (61,148)
Interest income 18,828 2,775 0
Other income (expense), net      
Loss on extinguishment of debt 0 (18,803) 0
Tax receivable agreement liability adjustment 7,404 3,084 3,615
Other income (expense), net 220 (2,256) (1,012)
Total other income (expense), net 7,624 (17,975) 2,603
Income before provision for income taxes 76,720 305,241 275,609
Income tax provision 15,133 61,169 54,825
Net income $ 61,587 $ 244,072 $ 220,784
Net income per share:      
Net income per share: Basic (in usd per share) $ 0.09 $ 0.38 $ 0.34
Net income per share: Diluted (in usd per share) $ 0.09 $ 0.35 $ 0.32
Weighted average common shares outstanding:      
Weighted average common shares outstanding: Basic (in shares) 654,592,923 649,092,846 648,166,472
Weighted average common shares outstanding: Diluted (in shares) 677,578,245 691,005,846 689,923,792
Other comprehensive (loss) income:      
Unrealized (loss) gain on derivatives, net of income tax effect $ (1,212) $ 2,577 $ 0
Total other comprehensive (loss) income (1,212) 2,577 0
Comprehensive income $ 60,375 $ 246,649 $ 220,784

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