v3.26.1
Composition of Other Balance Sheet Items
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Other Balance Sheet Items Composition of Other Balance Sheet Items
The following details the composition of other balance sheet items (dollars in thousands for amounts in tables):
Inventories, Net
June 30,
2026		December 31,
2025
(unaudited)
Raw materials$22,963 $31,833 
Work in process27,164 29,436 
Finished goods33,797 21,116 
Total$83,924 $82,385 
Inventories, net as reported on the condensed consolidated balance sheets are as follows (dollars in thousands):
Balance Sheet ClassificationJune 30, 2026December 31, 2025
(unaudited)
Current inventory
Inventories, net
$83,924 $82,385 
Noncurrent inventory
Other Assets
23,103 30,095 
Total $107,027 $112,480 
Property and Equipment, Net
June 30,
2026		December 31,
2025
(unaudited)
Lab equipment and furniture$14,503 $14,041 
Leasehold improvements13,052 13,052 
Software952 871 
Computer equipment856 831 
Subtotal29,363 28,795 
Less accumulated depreciation and amortization(19,166)(18,264)
Property and equipment, net$10,197 $10,531 
Depreciation and amortization expense on property and equipment was approximately $0.4 million and $0.9 million for three and six months ended June 30, 2026, respectively, and $0.5 million and $1.1 million for the three and six months ended June 30, 2025, respectively.
Accounts Payable and Accrued Liabilities
June 30,
2026		December 31,
2025
(unaudited)
Accrued manufacturing expenses$29,558 $25,608 
Accrued compensation, benefits, & related accruals24,355 29,446 
Accrued sales & marketing18,262 16,665 
Operating lease liabilities, current portion(a)
10,743 10,612 
Accounts payable5,593 2,677 
Accrued R&D expenses5,049 7,299 
Accrued royalties(b)
403 2,403 
Other accrued expenses14,495 13,090 
Total$108,458 $107,800 
_______________________________
(a) Refer to Note 13, Leases.
(b) Refer to Note 17, Commitments and Contingencies.
Accrued Product Returns and Rebates
June 30,
2026		December 31,
2025
(unaudited)
Accrued product rebates$162,109 $123,297 
Accrued product returns36,735 37,800 
Total$198,844 $161,097