v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates in one operating segment and therefore has only one reportable segment. The Company derives revenue primarily from sales of its commercial products in the U.S.

The Company's chief operating decision maker (CODM) is the chief executive officer. The Company manages the business activities on a consolidated basis. The CODM assesses performance of the Company, decides how to allocate resources based on net earnings (loss), which is reported in the condensed consolidated statement of earnings (loss) as net earnings (loss), and allocates resources on a consolidated basis. The CODM uses net earnings (loss) to decide whether to reinvest profits into the Company's current products or into other research and development initiatives for the Company's product candidates. Net earnings (loss) is also used to monitor budget versus actual results.

The measure of the reportable segment assets is reported on the balance sheet as total assets.
The following table shows the segment revenue, significant segment expenses and net earnings (dollars in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(unaudited)(unaudited)
Total revenues
$165,453 $168,325 $315,277 $311,969 
Less: Significant segment expenses:
Cost of goods sold
16,827 17,916 32,590 34,225 
Selling44,398 39,094 87,012 78,108 
Marketing20,732 19,710 41,396 40,263 
General and administrative28,421 27,100 55,087 54,049 
Research and development expenses


External development program expenses:
ONAPGO
789 309 1,261 1,093 
SPN-8202,199 6,604 6,962 13,342 
SPN-8173,446 1,898 7,017 3,020 
Qelbree2,224 3,880 6,637 5,931 
Early-stage programs and other expenses
3,479 4,158 6,692 8,173 
Total external development program expenses
12,137 16,849 28,569 31,559 
Internal employee-related expenses
9,978 9,334 20,473 19,554 
Total research and development expenses
22,115 26,183 49,042 51,113 
Other segment items(a)
10,461 18,406 39,478 34,171 
Net earnings
$22,499 $19,916 $10,672 $20,040 
(a) Other segment items include amortization of intangible assets, intangible asset impairment charges, contingent consideration gain or loss, net interest and other income, interest expense, and income tax expense, whose amounts are disclosed in the condensed consolidated statement of earnings.