0001628280-22-027986 | 10-Q | XBRL Viewer

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Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2022	Oct. 28, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-36569
Entity Registrant Name	LANTHEUS HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2318913
Entity Address, Address Line One	331 Treble Cove Road
Entity Address, Postal Zip Code	01862
Entity Address, City or Town	North Billerica,
Entity Address, State or Province	MA
City Area Code	(978)
Local Phone Number	671-8001
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	LNTH
Security Exchange Name	NASDAQ
Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		68,832,088
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001521036
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 257,259	$ 98,508
Accounts receivable, net	197,276	89,336
Inventory	34,793	35,129
Other current assets	12,570	12,818
Total current assets	501,898	235,791
Property, plant and equipment, net	120,826	116,772
Intangibles, net	323,591	348,510
Goodwill	61,189	61,189
Deferred tax assets, net	46,806	62,764
Other long-term assets	41,628	38,758
Total assets	1,095,938	863,784
Current liabilities
Current portion of long-term debt and other borrowings	15,372	11,642
Accounts payable	30,135	20,787
Accrued expenses and other liabilities	190,477	58,068
Total current liabilities	235,984	90,497
Asset retirement obligations	23,358	20,833
Long-term debt, net and other borrowings	152,057	163,121
Other long-term liabilities	46,489	124,894
Total liabilities	457,888	399,345
Commitments and contingencies (See Note $19)
Stockholders’ equity
Preferred stock ($0.01 par value, 25,000 shares authorized; no shares issued and outstanding)	0	0
Common stock ($0.01 par value, 250,000 shares authorized; 68,809 and 67,739 shares issued and outstanding, respectively)	688	677
Additional paid-in capital	708,341	685,472
Accumulated deficit	(73,973)	(221,225)
Accumulated other comprehensive income (loss)	2,994	(485)
Total stockholders’ equity	638,050	464,439
Total liabilities and stockholders’ equity	$ 1,095,938	$ 863,784

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	68,809,000	67,739,000
Common stock, shares outstanding (in shares)	68,809,000	67,739,000

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 239,292	$ 102,073	$ 671,895	$ 295,646
Cost of goods sold	91,859	59,404	257,363	165,859
Gross profit	147,433	42,669	414,532	129,787
Operating expenses
Sales and marketing	25,414	17,195	73,260	48,999
General and administrative	23,759	28,550	93,945	87,865
Research and development	12,517	11,252	39,455	33,673
Total operating expenses	61,690	56,997	206,660	170,537
Gain on sale of assets	0	0	0	15,263
Operating income (loss)	85,743	(14,328)	207,872	(25,487)
Interest expense	1,626	1,569	4,604	6,224
Gain on extinguishment of debt	0	0	0	(889)
Other income	1,101	3,940	306	3,209
Income (loss) before income taxes	83,016	(19,837)	202,962	(34,031)
Income tax expense (benefit)	21,784	(6,422)	55,710	(2,967)
Net income (loss)	$ 61,232	$ (13,415)	$ 147,252	$ (31,064)
Net income (loss) per common share:
Basic (in dollars per share)	$ 0.89	$ (0.20)	$ 2.15	$ (0.46)
Diluted (in dollars per share)	$ 0.86	$ (0.20)	$ 2.08	$ (0.46)
Weighted-average common shares outstanding:
Basic (in shares)	68,756	67,623	68,482	67,409
Diluted (in shares)	71,075	67,623	70,669	67,409

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 61,232	$ (13,415)	$ 147,252	$ (31,064)
Other comprehensive income:
Foreign currency translation	(379)	(240)	(463)	55
Unrealized gain on cash flow hedges, net of tax	1,049	98	3,942	851
Total other comprehensive income (loss)	670	(142)	3,479	906
Comprehensive income (loss)	$ 61,902	$ (13,557)	$ 150,731	$ (30,158)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Condensed Consolidated Statements of Changes In Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020		66,875
Beginning balance at Dec. 31, 2020	$ 514,205	$ 669	$ 665,530	$ (149,946)	$ (2,048)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	9,008			9,008
Other comprehensive income (loss)	808				808
Stock option exercises and employee stock plan purchases (in shares)		155
Stock option exercises and employee stock plan purchases	2,380	$ 1	2,379
Vesting of restricted stock awards and units (in shares)		489
Vesting of restricted stock awards and units	0	$ 5	(5)
Shares withheld to cover taxes (in shares)		(85)
Shares withheld to cover taxes	(1,599)	$ (1)	(1,598)
Stock-based compensation	3,317		3,317
Ending balance (in shares) at Mar. 31, 2021		67,434
Ending balance at Mar. 31, 2021	528,119	$ 674	669,623	(140,938)	(1,240)
Beginning balance (in shares) at Dec. 31, 2020		66,875
Beginning balance at Dec. 31, 2020	514,205	$ 669	665,530	(149,946)	(2,048)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(31,064)
Other comprehensive income (loss)	906
Ending balance (in shares) at Sep. 30, 2021		67,659
Ending balance at Sep. 30, 2021	499,344	$ 677	680,819	(181,010)	(1,142)
Beginning balance (in shares) at Mar. 31, 2021		67,434
Beginning balance at Mar. 31, 2021	528,119	$ 674	669,623	(140,938)	(1,240)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(26,657)			(26,657)
Other comprehensive income (loss)	240				240
Stock option exercises and employee stock plan purchases (in shares)		116
Stock option exercises and employee stock plan purchases	2,043	$ 1	2,042
Vesting of restricted stock awards and units (in shares)		51
Vesting of restricted stock awards and units	0	$ 1	(1)
Shares withheld to cover taxes (in shares)		(9)
Shares withheld to cover taxes	(193)		(193)
Stock-based compensation	4,588		4,588
Ending balance (in shares) at Jun. 30, 2021		67,592
Ending balance at Jun. 30, 2021	508,140	$ 676	676,059	(167,595)	(1,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(13,415)			(13,415)
Other comprehensive income (loss)	(142)				(142)
Stock option exercises and employee stock plan purchases (in shares)		48
Stock option exercises and employee stock plan purchases	961	$ 1	960
Vesting of restricted stock awards and units (in shares)		23
Vesting of restricted stock awards and units	0
Shares withheld to cover taxes (in shares)		(4)
Shares withheld to cover taxes	(67)		(67)
Stock-based compensation	3,867		3,867
Ending balance (in shares) at Sep. 30, 2021		67,659
Ending balance at Sep. 30, 2021	$ 499,344	$ 677	680,819	(181,010)	(1,142)
Beginning balance (in shares) at Dec. 31, 2021	67,739	67,739
Beginning balance at Dec. 31, 2021	$ 464,439	$ 677	685,472	(221,225)	(485)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	42,962			42,962
Other comprehensive income (loss)	2,396				2,396
Stock option exercises and employee stock plan purchases (in shares)		296
Stock option exercises and employee stock plan purchases	5,934	$ 3	5,931
Vesting of restricted stock awards and units (in shares)		645
Vesting of restricted stock awards and units	0	$ 7	(7)
Shares withheld to cover taxes (in shares)		(110)
Shares withheld to cover taxes	(5,504)	$ (1)	(5,503)
Stock-based compensation	5,623		5,623
Ending balance (in shares) at Mar. 31, 2022		68,570
Ending balance at Mar. 31, 2022	$ 515,850	$ 686	691,516	(178,263)	1,911
Beginning balance (in shares) at Dec. 31, 2021	67,739	67,739
Beginning balance at Dec. 31, 2021	$ 464,439	$ 677	685,472	(221,225)	(485)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	147,252
Other comprehensive income (loss)	$ 3,479
Ending balance (in shares) at Sep. 30, 2022	68,809	68,809
Ending balance at Sep. 30, 2022	$ 638,050	$ 688	708,341	(73,973)	2,994
Beginning balance (in shares) at Mar. 31, 2022		68,570
Beginning balance at Mar. 31, 2022	515,850	$ 686	691,516	(178,263)	1,911
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	43,058			43,058
Other comprehensive income (loss)	413				413
Stock option exercises and employee stock plan purchases (in shares)		61
Stock option exercises and employee stock plan purchases	1,423	$ 1	1,422
Vesting of restricted stock awards and units (in shares)		108
Vesting of restricted stock awards and units	0	$ 1	(1)
Shares withheld to cover taxes (in shares)		(13)
Shares withheld to cover taxes	(824)	$ (1)	(823)
Stock-based compensation	7,412		7,412
Ending balance (in shares) at Jun. 30, 2022		68,726
Ending balance at Jun. 30, 2022	567,332	$ 687	699,526	(135,205)	2,324
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	61,232			61,232
Other comprehensive income (loss)	670				670
Stock option exercises and employee stock plan purchases (in shares)		53
Stock option exercises and employee stock plan purchases	1,556	$ 1	1,555
Vesting of restricted stock awards and units (in shares)		41
Vesting of restricted stock awards and units	0	$ 1	(1)
Shares withheld to cover taxes (in shares)		(11)
Shares withheld to cover taxes	(843)	$ (1)	(842)
Stock-based compensation	$ 8,103		8,103
Ending balance (in shares) at Sep. 30, 2022	68,809	68,809
Ending balance at Sep. 30, 2022	$ 638,050	$ 688	$ 708,341	$ (73,973)	$ 2,994

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating activities
Net income (loss)	$ 147,252	$ (31,064)
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation, amortization and accretion	36,048	30,088
Impairment of long-lived assets	0	9,540
Asset retirement obligation acceleration	1,229	0
Amortization of debt related costs	737	430
Changes in fair value of contingent assets and liabilities	25,400	28,500
Gain on extinguishment of debt	0	(889)
Provision for excess and obsolete inventory	4,980	2,317
Stock-based compensation	21,138	11,772
Gain on sale of assets	0	(15,263)
Deferred taxes	14,461	1,028
Long-term income tax receivable	668	3,092
Long-term income tax payable and other long-term liabilities	(538)	(3,617)
Other	3,188	1,724
(Decreases) increases in cash from operating assets and liabilities:
Accounts receivable	(112,031)	(7,721)
Inventory	(4,666)	(625)
Other current assets	314	1,998
Other long-term assets	(533)	0
Accounts payable	8,409	4,776
Accrued expenses and other liabilities	30,374	3,941
Net cash provided by operating activities	176,429	40,027
Investing activities
Capital expenditures	(13,623)	(7,596)
Proceeds from sale of assets, net	1,800	15,823
Net cash (used in) provided by investing activities	(11,823)	8,227
Financing activities
Payments on long-term debt and other borrowings	(7,891)	(40,757)
Proceeds from stock option exercises	7,538	4,616
Proceeds from issuance of common stock	1,375	768
Payments for minimum statutory tax withholding related to net share settlement of equity awards	(7,171)	(1,859)
Net cash used in financing activities	(6,149)	(37,232)
Effect of foreign exchange rates on cash, cash equivalents and restricted cash	(266)	(99)
Net increase in cash, cash equivalents and restricted cash	158,191	10,923
Cash, cash equivalents and restricted cash, beginning of period	100,651	82,694
Cash, cash equivalents and restricted cash, end of period	258,842	93,617
Reconciliation to amounts within the condensed consolidated balance sheets
Cash and cash equivalents	257,259	91,475
Restricted cash included in other long-term assets	1,583	2,142
Cash, cash equivalents and restricted cash at end of period	$ 258,842	$ 93,617

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Holdings and its direct and indirect wholly-owned subsidiaries, including Progenics, and have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal and recurring adjustments) considered necessary for a fair statement have been included. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ended December 31, 2022 or any future period. The condensed consolidated balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements at that date but does not include all the information and notes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities Exchange Commission (“SEC”) on February 24, 2022. Progenics Acquisition On June 19, 2020 (the “Closing Date”), pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of February 20, 2020 (the “Merger Agreement”), by and among Holdings, Plato Merger Sub, Inc., a wholly-owned subsidiary of Holdings (“Merger Sub”), and Progenics, Holdings completed the acquisition of Progenics by means of a merger of Merger Sub with and into Progenics, with Progenics surviving such merger as a wholly-owned subsidiary of Holdings (the “Progenics Acquisition”). Subsequently, on June 22, 2020, Holdings contributed all of the capital stock of Progenics to LMI, thereby making Progenics an indirect subsidiary of Holdings. In accordance with the Merger Agreement, at the effective time of the Progenics Acquisition (the “Effective Time”), each share of Progenics common stock, par value $0.0013 per share, issued and outstanding immediately prior to the Effective Time (other than shares of Progenics common stock owned by Holdings, Progenics or any of their wholly-owned subsidiaries) was automatically cancelled and converted into the right to receive (i) 0.31 (the “Exchange Ratio”) of a share of Holdings common stock, par value $0.01 per share, and (ii) one contingent value right (a “CVR”) tied to the financial performance of PyL (18F-DCFPyL), Progenics’ prostate-specific membrane antigen (“PSMA”) targeted imaging agent designed to visualize prostate cancer. This agent was approved by the U.S. Food and Drug Administration (“FDA”) on May 26, 2021 under the name PYLARIFY (piflufolastat F 18), and the commercial launch of this agent began in June 2021. Each CVR entitles its holder to receive a pro rata share of aggregate cash payments equal to 40% of U.S. net sales generated by PYLARIFY in 2022 and 2023 in excess of $100.0 million and $150.0 million, respectively. In no event will the Company’s aggregate payments in respect of the CVRs, together with any other non-stock consideration treated as paid in connection with the Progenics Acquisition, exceed 19.9% of the total consideration the Company pays in the Progenics Acquisition. Based on the Company’s 2022 PYLARIFY net sales, the Company believes that all of its aggregate payment obligations under the CVRs (which the Company currently estimates to be approximately $99.7 million) will become payable in the first half of 2023. As a result of the acquisition, Holdings issued 26,844,877 shares of Holdings common stock and 86,630,633 CVRs to former Progenics stockholders and option holders.

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Recent Accounting Pronouncements The Company has not adopted any new accounting standards during the nine months ended September 30, 2022.

Revenue from Contracts with Customers

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

The following table summarizes revenue by revenue source as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
Major Products/Service Lines (in thousands)	2022		2021		2022		2021
Product revenue, net(1)	$	233,366	$	96,678	$	631,157	$	277,559
License and royalty revenues(2)	5,926		5,395		40,738		18,087
Total revenues	$	239,292	$	102,073	$	671,895	$	295,646

________________________________

(1)The Company’s principal products include PYLARIFY, DEFINITY and TechneLite and are primarily categorized within product revenue, net. This category represents the delivery of physical goods. The Company applies the same revenue recognition policies and judgments for all its principal products.

(2)The Company recognized $24.0 million license revenue in the first quarter of 2022 related to an agreement with Novartis Pharma AG.

The Company classifies its revenues into three product categories: precision diagnostics, radiopharmaceutical oncology, and strategic partnerships and other revenue. Precision diagnostics includes DEFINITY, TechneLite and other diagnostic imaging products. Radiopharmaceutical oncology consists primarily of PYLARIFY and AZEDRA. Strategic partnerships and other revenue includes strategic partnerships and other arrangements related to other products of the Company, such as royalty revenue from our license of RELISTOR.

On January 31, 2022, the Company entered into a global settlement agreement with Novartis Pharma AG (“Novartis”), Advanced Accelerator Applications USA, Inc. (“AAA”), Endocyte, Inc. (“Endocyte”) and their affiliates (the “Novartis Agreement”) to settle certain disputes between the parties. Under the Novartis Agreement, Novartis agreed to make a lump sum payment to the Company, as well as to reimburse the Company for certain fees and expenses in connection with certain German litigation, and the Company agreed to license certain intellectual property to Novartis. In addition, the Company agreed to supply PYLARIFY for clinical purposes at an arms-length value which will be recorded revenue in the future as product is provided. In accordance with the Company's ASC 606, Revenue from Contracts with Customers, assessment, Novartis is considered to be a customer. The Company determined that the $24.0 million constituted a single element which was satisfied on the date of the execution of the Novartis Agreement. The Company determined that the license of intellectual property carried a fair value of $24.0 million. As such, the Company assigned the value to the fair value of the license, which constitutes the entire transaction price and does not require further allocation. The Company determined that the $24.0 million represented the point at which the licensee was able to use and benefit from the license and recognized revenue when the license was granted to Novartis upon execution of the Novartis Agreement. The Company recognized the $24.0 million fee as revenue on its consolidated statement of operations for the quarter ended March 31, 2022. The Company received the $24.0 million payment in April 2022.

Revenue by product category on a net basis is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
DEFINITY	$	60,740	$	57,636	$	181,374	$	173,448
TechneLite	22,094		22,680		64,139		69,252
Other precision diagnostics	6,175		7,563		16,803		21,289
Total precision diagnostics	89,009		87,879		262,316		263,989
PYLARIFY	143,754		7,724		366,763		7,997
Other radiopharmaceutical oncology	928		1,166		3,183		5,206
Total radiopharmaceutical oncology	144,682		8,890		369,946		13,203
Strategic partnerships and other revenue	5,601		5,304		39,633		18,454
Total revenues	$	239,292	$	102,073	$	671,895	$	295,646

The Company’s performance obligations are typically part of contracts that have an original expected duration of one year or less. As such, the Company is not disclosing the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially satisfied) as of the end of the reporting period.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability of fair value measurements, financial instruments are categorized based on a hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

•Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

•Level 2 — Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.) and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

•Level 3 — Unobservable inputs that reflect a Company’s estimates about the assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available, including its own data.

The Company’s financial assets and liabilities measured at fair value on a recurring basis consist of money market funds, interest rate swaps, a contingent receivable and contingent consideration liabilities. The Company invests excess cash from its operating cash accounts in overnight investments and reflects these amounts in cash and cash equivalents in the condensed consolidated balance sheets at fair value using quoted prices in active markets for identical assets. The fair value of the interest rate swaps is determined based on observable market-based inputs, including interest rate curves and reflects the contractual terms of these instruments, including the period to maturity. Please refer to Note 13, “Derivative Instruments”, for further details on the interest rate swaps. The Company recorded a contingent receivable and the contingent consideration liabilities resulting from the Progenics Acquisition at fair value based on inputs that are not observable in the market.

The tables below present information about the Company’s assets and liabilities measured at fair value on a recurring basis:


	September 30, 2022
(in thousands)	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market	$	176,909	$	176,909	$	—	$	—
Interest rate swaps	5,660		—		5,660		—
Contingent receivable	8,200		—		—		8,200
Total assets	$	190,769	$	176,909	$	5,660	$	8,200
Liabilities:
Contingent consideration liabilities	$	110,500	$	—	$	—	$	110,500
Total liabilities	$	110,500	$	—	$	—	$	110,500


	December 31, 2021
(in thousands)	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market	$	40,140	$	40,140	$	—	$	—
Interest rate swaps	357		—		357		—
Contingent receivable	9,300		—		—		9,300
Total assets	$	49,797	$	40,140	$	357	$	9,300
Liabilities:
Contingent consideration liabilities	$	86,200	$	—	$	—	$	86,200
Total liabilities	$	86,200	$	—	$	—	$	86,200

During the three and nine months ended September 30, 2022, there were no transfers into or out of Level 3.

As part of the Progenics Acquisition, the Company acquired the right to receive certain future milestone and royalty payments due to Progenics from CytoDyn Inc. related to a prior sale of certain intellectual property. The Company has the right to receive $5.0 million upon regulatory approval and a 5% royalty on net sales of approved products. The Company considers the contingent receivable a Level 3 instrument (one with significant unobservable inputs) in the fair value hierarchy. The estimated fair value was determined based on probability adjusted discounted cash flows that included significant estimates and assumptions pertaining to regulatory events and sales targets. The most significant unobservable inputs are the probabilities of achieving regulatory approval of the development projects and subsequent commercial success.

As part of the Progenics Acquisition, the Company issued CVRs and recorded the fair value as part of consideration transferred. Each CVR entitles its holder to receive a pro rata share of aggregate cash payments equal to 40% of U.S. net sales generated by PYLARIFY in 2022 and 2023 in excess of $100.0 million and $150.0 million, respectively, subject to a maximum cap. Refer to Note 1, “Basis of Presentation” for further details on the CVRs. The Company considers the contingent consideration liabilities relating to the CVRs a Level 3 instrument (one with significant unobservable inputs) in the fair value hierarchy. The estimated fair value of these had been determined based on Monte Carlo simulation models that included significant estimates and assumptions pertaining to commercialization events and sales targets. Because of revised revenue forecasts for the balance of 2022, the Company updated the valuation technique for the CVRs from the Monte Carlo simulation model to a probability adjusted discounted cash flow model as the Company currently expects to pay out the full amount of the CVRs from available cash in the first half of 2023 based on U.S. net sales generated by PYLARIFY in 2022 and, under either valuation technique, the estimated liability would be approximately the same.

The Company also assumed contingent consideration liabilities related to a previous acquisition completed by Progenics in 2013 (“2013 Acquisition”). These contingent consideration liabilities include potential payments of up to $70.0 million if the Company attains certain net sales targets primarily for AZEDRA and 1095 and a $5.0 million 1095 commercialization milestone. Additionally, there is a potential payment of up to $10.0 million related to a 1404 commercialization milestone. The Company’s total potential payments related to the 2013 Acquisition are approximately $85.0 million. The Company considers the contingent consideration liabilities relating to the 2013 Acquisition each a Level 3 instrument (one with significant unobservable inputs) in the fair value hierarchy. The estimated fair value of these was determined based on probability adjusted discounted cash flows and Monte Carlo simulation models that included significant estimates and assumptions pertaining to commercialization events and sales targets. The most significant unobservable inputs with respect to 1095 and 1404 are the probabilities of achieving regulatory approval of those development projects and subsequent commercial success.

Significant changes in any of the probabilities of success, the probabilities as to the periods in which sales targets and milestones will be achieved, discount rates or underlying revenue forecasts would result in a significantly higher or lower fair value measurement. The Company records the contingent consideration liability at fair value with changes in estimated fair values recorded in general and administrative expenses in the condensed consolidated statements of operations. The Company can give no assurance that the actual amounts paid, if any, in connection with the contingent consideration liabilities, including the CVRs, will be consistent with any recurring fair value estimate of such contingent consideration liabilities.

The following tables summarize quantitative information and assumptions pertaining to the fair value measurement of assets and liabilities using Level 3 inputs at September 30, 2022.


	Fair Value at						Assumptions
(in thousands)	September 30, 2022		December 31, 2021		Valuation Technique	Unobservable Input	September 30, 2022		December 31, 2021
Contingent receivable:
Regulatory milestone	$	2,400	$	2,500	Probability adjusted discounted cash flow model	Period of expected milestone achievement	2023		2022
						Probability of success	70	%	70	%
						Discount rate	19	%	17	%
Royalties	5,800		6,800		Probability adjusted discounted cash flow model
						Probability of success	10% - 60%		10% - 60%
						Discount rate	19	%	17	%
Total	$	8,200	$	9,300


	Fair Value at						Assumptions
(in thousands)	September 30, 2022		December 31, 2021		Valuation Technique	Unobservable Input	September 30, 2022		December 31, 2021
Contingent consideration liability:
Net sales targets - PYLARIFY (CVRs)	$	99,700	$	73,200	Probability adjusted discounted cash flow model (as of 9/30/2022) Monte Carlo simulation (as of 12/31/2021)	Period of expected milestone achievement and sales targets	2022 - 2023		2022 - 2023
						Probability of success	100	%	N/A
						Discount rate	N/A		17	%
1095 commercialization milestone	1,700		1,900		Probability adjusted discounted cash flow model
						Period of expected milestone achievement	2026		2026
						Probability of success	40	%	40	%
						Discount rate	3.7	%	1.3	%



Net sales targets - AZEDRA and 1095	9,100		11,100		Monte Carlo simulation
						Probability of success and sales targets	20% - 100%		40% - 100%
						Discount rate	18% - 19%		16% - 17%
Total	$	110,500	$	86,200

For those financial instruments with significant Level 3 inputs, the following table summarizes the activities for the periods indicated:


	Financial Assets				Financial Liabilities
(in thousands)	Nine Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Fair value, beginning of period	$	9,300	$	11,300	$	86,200	$	15,800

Changes in fair value included in net income (loss)	(1,100)		2,500		24,300		31,000

Fair value, end of period	$	8,200	$	13,800	$	110,500	$	46,800

The change in fair value of the contingent financial asset and contingent financial liabilities, including the CVRs, resulted in an expense of $25.4 million for the nine months ended September 30, 2022 and was primarily due to changes in revenue forecasts, changes in market conditions, an increase in discount rates (excluding the CVRs) and the passage of time. The Company expects to make all applicable cash payments related to the CVRs in the first half of 2023. As of September 30, 2022, the Company had $99.7 million in current liabilities to account for the expected payments related to the CVRs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

Income TaxesThe Company calculates income taxes at the end of each reporting period based on the estimated effective tax rate for the full year, adjusted for any discrete events which are recorded in the period they occur. Cumulative adjustments to the tax provision are

recorded in the reporting period in which a change in the estimated annual effective tax rate is determined. The Company’s income tax expense is presented below:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Income tax expense (benefit)	$	21,784	$	(6,422)	$	55,710	$	(2,967)

The Company regularly assesses its ability to realize its deferred tax assets. Assessing the realizability of deferred tax assets requires significant management judgment. In determining whether its deferred tax assets are more-likely-than-not realizable, the Company evaluated all available positive and negative evidence, and weighed the objective evidence and expected impact. The Company assessed the need for a valuation allowance against certain state tax credit carryforwards added through the Progenics Acquisition. The Company continues to retain other immaterial valuation allowances against the net deferred tax assets of certain of its foreign subsidiaries.

In connection with the Company’s acquisition of the medical imaging business from Bristol-Myers Squibb (“BMS”) in 2008, the Company recorded a liability for uncertain tax positions related to the acquired business and simultaneously entered into a tax indemnification agreement with BMS under which BMS agreed to indemnify the Company for any payments made to settle those uncertain tax positions with the state taxing authorities. Accordingly, a long-term receivable is recorded to account for the expected value to the Company of future indemnification payments to be paid on behalf of the Company by BMS, net of actual tax benefits received by the Company. The tax indemnification receivable is recorded within other long-term assets.

In accordance with the Company’s accounting policy, the change in the tax liabilities, penalties and interest associated with these obligations (net of any offsetting federal or state benefit) is recognized within income tax expense. As these reserves change adjustments are included in income tax expense while the offsetting adjustment is included in other income. Assuming that the remaining receivable from BMS continues to be considered recoverable by the Company, there will be no effect on net income and no net cash outflows related to these liabilities.

During the third quarter of 2022, the Company entered into a settlement agreement with one state and accordingly reduced the amount of the uncertain tax positions by $2.2 million. The Company continues to accrue interest on the outstanding uncertain tax positions.

The Company finalized the accounting for the Progenics Acquisition for income taxes in the first quarter of 2021 resulting in a reduction of deferred tax assets, primarily related to state research credit carryforwards and an increase to goodwill of $2.6 million.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Inventory

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventory

Inventory consisted of the following:


(in thousands)	September 30, 2022		December 31, 2021
Raw materials	$	17,699	$	15,505
Work in process	8,203		13,042
Finished goods	8,891		6,582
Total inventory	$	34,793	$	35,129

Inventory costs associated with products that have not yet received regulatory approval are capitalized if the Company believes there is probable future commercial use of the product and future economic benefit of the asset. If future commercial use of the product is not probable, then inventory costs associated with such product are expensed during the period the costs are incurred. As of December 31, 2021, the Company had $6.1 million of such product costs included in inventories related to DEFINITY that had been manufactured through the Company’s in-house manufacturing capabilities. The Company received regulatory approval for the manufacture of DEFINITY at its new in-house manufacturing facility during the first quarter of 2022 and has no inventory pending regulatory approval as of September 30, 2022.

Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, plant and equipment, net, consisted of the following:


(in thousands)	September 30, 2022		December 31, 2021
Land	$	13,450	$	13,450
Buildings	72,497		73,559
Machinery, equipment and fixtures	88,507		83,608
Computer software	25,740		24,384
Construction in progress	17,918		10,686
	218,112		205,687
Less: accumulated depreciation and amortization	(97,286)		(88,915)
Total property, plant and equipment, net	$	120,826	$	116,772

Depreciation and amortization expense related to property, plant and equipment, net, was $3.9 million and $3.6 million for the three months ended September 30, 2022 and 2021, respectively, and $10.3 million and $9.8 million for the nine months ended September 30, 2022 and 2021, respectively.

Accrued Expenses and Other Liabilities and Other Long-Term Liabilities

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Accrued Expenses and Other Liabilities and Other Long-Term Liabilities

Accrued expenses and other liabilities and other long-term liabilities are comprised of the following:


(in thousands)	September 30, 2022		December 31, 2021
Compensation and benefits	$	26,205	$	22,730
Freight, distribution and operations	35,619		16,157
Accrued rebates, discounts and chargebacks	13,247		10,977
Accrued professional fees	4,562		2,850
Short-term contingent liability (Note 4)	99,700		—
Other	11,144		5,354
Total accrued expenses and other liabilities	$	190,477	$	58,068

Operating lease liabilities (Note 16)	$	15,354	$	16,546
Long-term contingent liability (Note 4)	10,800		86,200
Other long-term liabilities	20,335		22,148
Total other long-term liabilities	$	46,489	$	124,894

Sale of Puerto Rico Subsidiary

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Sale of Puerto Rico Subsidiary

During the fourth quarter of 2020, the Company entered into a stock purchase agreement (the “SPA”) with one of its existing radiopharmacy customers to sell all the stock of its Puerto Rico radiopharmacy subsidiary. The assets were classified as held for sale and the Company determined that the fair value of the net assets being sold significantly exceeded the carrying value as of December 31, 2020. The transaction was consummated on January 29, 2021.

The purchase price for the stock sale was $18.0 million in cash, including a holdback amount of $1.8 million which the Company received during the first quarter of 2022; the purchase price also included a working capital adjustment. The SPA contains customary representations, warranties and covenants by each of the parties. Subject to certain limitations, the buyer will be indemnified for damages resulting from breaches or inaccuracies of the Company’s representations, warranties and covenants in the SPA.

The Company determined that this sale of certain net assets did not constitute a strategic shift that had a major effect on the Company’s operations or financial results. As a result, this transaction was not classified as discontinued operations in the Company’s accompanying condensed consolidated financial statements.

The following table summarizes the major classes of assets and liabilities sold as of January 29, 2021, the date of sale:



(in thousands)	January 29, 2021
Current Assets:
Cash and cash equivalents	$	540
Accounts receivable, net	1,959
Inventory	530
Other current assets	65
Total current assets	3,094
Non-Current Assets:
Property, plant & equipment, net	780
Intangibles, net	96
Other long-term assets	774
Total assets held for sale	$	4,744

Current Liabilities:
Accounts payable	$	185
Accrued expense and other liabilities	369
Total current liabilities	554
Non-Current Liabilities:
Asset retirement obligations	306
Other long-term liabilities	588
Total liabilities held for sale	$	1,448

The sale resulted in a pre-tax book gain of $15.3 million, which was recorded within operating income in the condensed consolidated statements of operations for the six months ended June 30, 2021.

Asset Retirement Obligations

9 Months Ended

Sep. 30, 2022

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

The Company considers its legal obligation to remediate its facilities upon a decommissioning of its radioactive-related operations as an asset retirement obligation. The Company has production facilities which manufacture and process radioactive materials at its North Billerica, Massachusetts and Somerset, New Jersey sites. As of September 30, 2022, the liability is measured at the present value of the obligation expected to be incurred, of approximately $25.5 million.

The following table provides a summary of the changes in the Company’s asset retirement obligations:


(in thousands)	Amount
Balance at January 1, 2022	$	20,833
Accretion expense	1,296
Accelerated costs	1,229
Balance at September 30, 2022	$	23,358

In December 2021, the Company evaluated the accretion timeline of an asset group due to a revision in the planned period of use at the North Billerica site. As a result of the accelerated timeline, the Company determined the asset group’s present value exceeded the current value recorded as of December 31, 2021. Accordingly, the Company recorded a non-cash adjustment of $5.3 million in December 2021 to anticipate a revision in the end of useful life by the end of 2022.

The Company is required to provide the Massachusetts Department of Public Health and New Jersey Department of Environmental Protection financial assurance demonstrating the Company’s ability to fund the decommissioning of its North Billerica, Massachusetts and Somerset, New Jersey production facilities upon closure, although the Company has no current plans to close the facilities. The Company has provided this financial assurance in the form of a $30.3 million surety bond.

Intangibles, Net

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, Net

Intangibles, net, consisted of the following:


	September 30, 2022
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,924)	$	1,616
Customer relationships	15 - 25	Accelerated	96,682		(94,866)		1,816
Currently marketed products	9 - 15	Straight-Line	275,700		(41,557)		234,143
Licenses	11 - 16	Straight-Line	85,800		(17,214)		68,586
Developed technology	9	Straight-Line	2,400		(610)		1,790
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,762	$	(166,171)	$	323,591


	December 31, 2021
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,510)	$	2,030
Customer relationships	15 - 25	Accelerated	96,880		(94,630)		2,250
Currently marketed product	9 - 15	Straight-Line	275,700		(23,345)		252,355
Licenses	11 - 16	Straight-Line	85,800		(11,555)		74,245
Developed technology	9	Straight-Line	2,400		(410)		1,990
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,960	$	(141,450)	$	348,510

The Company recorded amortization expense for its intangible assets of $8.3 million and $8.4 million for the three months ended September 30, 2022 and 2021, respectively, and $24.9 million and $19.1 million for the nine months ended September 30, 2022 and 2021, respectively.

In May 2021, PyL (18F-DCFPyL) was approved by the FDA under the name PYLARIFY. Accordingly, the Company reclassified the associated asset of $132.8 million from IPR&D to currently marketed products and commenced amortization of the asset.

The below table summarizes the estimated aggregate amortization expense expected to be recognized on the above intangible assets:


(in thousands)	Amount
Remainder of 2022	$	8,310
2023	32,634
2024	32,563
2025	32,508
2026	32,497
2027 and thereafter	169,439
Total	$	307,951

Long-Term Debt, Net, and Other Borrowings

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt, Net, and Other Borrowings

As of September 30, 2022, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:


(in thousands)	Amount
Remainder of 2022	$	3,750
2023	15,000
2024	148,750



Total principal outstanding	167,500
Unamortized debt discount	(348)
Unamortized debt issuance costs	(301)

Finance lease liabilities	578

Total	167,429
Less: current portion	(15,372)
Total long-term debt, net and other borrowings	$	152,057

At September 30, 2022, the Company’s interest rate under the five-year secured term loan facility, which matures on June 30, 2024 (the “2019 Term Facility” and the loans thereunder, the “2019 Term Loans”) was 4.6%.

On March 31, 2021, the Company voluntarily repaid in full the entire outstanding principal on its $50.0 million loan agreement (the “Royalty-Backed Loan”) with a fund managed by HealthCare Royalty Partners III, L.P. in the amount of $30.9 million, which included a prepayment amount of $0.5 million, and terminated the agreement governing the Royalty-Backed Loan. The Company recorded a gain on extinguishment of debt of $0.9 million related to the write-off of an unamortized debt premium offset by the prepayment amount.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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-Section 50
-Paragraph 1B
-Subparagraph (h)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Derivative Instruments

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

The Company uses interest rate swaps to reduce the variability in cash flows associated with a portion of the Company’s forecasted interest payments on its variable rate debt. In March 2020, the Company entered into interest rate swap contracts to fix the LIBOR rate on a notional amount of $100.0 million through May 31, 2024. The average fixed LIBOR rate on the interest rate swaps is approximately 0.82%. This agreement involves the receipt of floating rate amounts in exchange for fixed rate interest payments over the life of the agreement without an exchange of the underlying principal amount. The interest rate swaps were designated as cash flow hedges. In accordance with hedge accounting, the interest rate swaps are recorded on the Company’s condensed consolidated balance sheets at fair value, and changes in the fair value of the swap agreements are recorded to other comprehensive loss and reclassified to interest expense in the period during which the hedged transaction affected earnings or it will become probable that the forecasted transaction would not occur. At September 30, 2022, accumulated other comprehensive income included $3.5 million of pre-tax deferred gains that are expected to be reclassified to earnings during the next 12 months.

The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets:

(in thousands)

September 30, 2022

December 31, 2021

Derivatives type

Classification

Assets:

Interest rate swap

Other long-term assets

5,660

357

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)The components of accumulated other comprehensive income (loss), net of tax of $1.5 million and $0.2 million for the nine months ended September 30, 2022 and 2021, respectively, consisted of the following:


(in thousands)	Foreign currency translation		Unrealized loss on cash flow hedges		Accumulated other comprehensive income (loss)
Balance at January 1, 2022	$	(754)	$	269	$	(485)
Other comprehensive (loss) income before reclassifications	(463)		4,112		3,649
Amounts reclassified to earnings	—		(170)		(170)
Balance at September 30, 2022	$	(1,217)	$	4,211	$	2,994

Balance at January 1, 2021	$	(630)	$	(1,418)	$	(2,048)
Other comprehensive income before reclassifications	55		312		367
Amounts reclassified to earnings	—		539		539
Balance at September 30, 2021	$	(575)	$	(567)	$	(1,142)

Stock-Based Compensation

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

The following table presents stock-based compensation expense recognized in the Company’s accompanying condensed consolidated statements of operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Cost of goods sold	$	1,268	$	144	$	3,263	$	1,672
Sales and marketing	1,745		684		4,433		1,726
General and administrative	3,991		2,330		10,777		6,641
Research and development	1,099		709		2,665		1,733
Total stock-based compensation expense	$	8,103	$	3,867	$	21,138	$	11,772

Leases

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Leases

Operating and finance lease assets and liabilities are as follows:


(in thousands)	Classification	September 30, 2022		December 31, 2021
Assets
Operating	Other long-term assets	$	8,293	$	8,788
Finance	Property, plant and equipment, net	679		556
Total leased assets		$	8,972	$	9,344
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	1,677	$	1,599
Finance	Current portion of long-term debt and other borrowings	372		392
Noncurrent
Operating	Other long-term liabilities	15,354		16,546
Finance	Long-term debt, net and other borrowings	206		299
Total leased liabilities		$	17,609	$	18,836

The Company entered into an agreement in February 2022 to lease additional office space in Bedford, Massachusetts. The facility is currently being renovated and the associated right-of-use asset and liability will be recorded once renovations are substantially complete. The lease payments are expected to commence in the fourth quarter of 2022 when renovation of the facility is completed.

Leases

Operating and finance lease assets and liabilities are as follows:


(in thousands)	Classification	September 30, 2022		December 31, 2021
Assets
Operating	Other long-term assets	$	8,293	$	8,788
Finance	Property, plant and equipment, net	679		556
Total leased assets		$	8,972	$	9,344
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	1,677	$	1,599
Finance	Current portion of long-term debt and other borrowings	372		392
Noncurrent
Operating	Other long-term liabilities	15,354		16,546
Finance	Long-term debt, net and other borrowings	206		299
Total leased liabilities		$	17,609	$	18,836

Net Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

A summary of net income per common share is presented below:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Net income (loss)	$	61,232	$	(13,415)	$	147,252	$	(31,064)

Basic weighted-average common shares outstanding	68,756		67,623		68,482		67,409
Effect of dilutive stock options	455		—		452		—
Effect of dilutive restricted stock	1,864		—		1,735		—

Diluted weighted-average common shares outstanding	71,075		67,623		70,669		67,409

Basic income (loss) per common share	$	0.89	$	(0.20)	$	2.15	$	(0.46)
Diluted income (loss) per common share	$	0.86	$	(0.20)	$	2.08	$	(0.46)

Antidilutive securities excluded from diluted net income (loss) per common share	52		3,051		226		3,051

Other Income

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Other Income

Other income consisted of the following:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Foreign currency losses	$	145	$	127	$	189	$	156
Tax indemnification loss, net	1,460		3,823		668		3,092
Interest income	(504)		(11)		(551)		(39)

Other	—		1		—		—
Total other income	$	1,101	$	3,940	$	306	$	3,209

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. In addition, the Company has in the past been, and may in the future be, subject to investigations by governmental and regulatory authorities, which expose it to greater risks associated with litigation, regulatory or other proceedings, as a result of which the Company could be required to pay significant fines or penalties. The costs and outcome of litigation, regulatory or other proceedings cannot be predicted with certainty, and some lawsuits, claims, actions or proceedings may be disposed of unfavorably to the Company and could have a material adverse effect on the Company’s results of operations or financial condition. In addition, intellectual property disputes often have a risk of injunctive relief which, if imposed against the Company, could materially and adversely affect its financial condition or results of operations. If a matter is both probable to result in material liability and the amount of loss can be reasonably estimated, the Company estimates and discloses the possible material loss or range of loss. If such loss is not probable or cannot be reasonably estimated, a liability is not recorded in its condensed consolidated financial statements. As of September 30, 2022, the Company did not have any material ongoing litigation to which the Company was a party.

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment InformationIn the first quarter of fiscal year 2021, the Company completed the evaluation of its operating and reporting structure, including the impact on the Company’s business of the acquisition of Progenics described in Note 1, and the sale of the Puerto Rico subsidiary in the first quarter of fiscal year 2021, which resulted in a change in operating and reportable segments. The Company now operates as one business segment: the development, manufacture and sale of innovative imaging diagnostics, radiotherapeutics, and artificial intelligence solutions designed to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. This conclusion reflects the Company’s focus on the performance of the business on a consolidated worldwide basis. The results of this operating segment are regularly reviewed by the Company’s chief operating decision maker, the President and Chief Executive Officer. The Company’s chief operating decision maker does not manage any part of the Company separately, and the allocation of resources and assessment of performance are based on the Company’s consolidated operating results.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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+ Details

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements include the accounts of Holdings and its direct and indirect wholly-owned subsidiaries, including Progenics, and have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by generally accepted accounting principles in the United States of America (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal and recurring adjustments) considered necessary for a fair statement have been included. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ended December 31, 2022 or any future period. The condensed consolidated balance sheet at December 31, 2021 has been derived from the audited consolidated financial statements at that date but does not include all the information and notes required by U.S. GAAP for complete financial statements. These condensed consolidated financial statements and accompanying notes should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8 of the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities Exchange Commission (“SEC”) on February 24, 2022.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has not adopted any new accounting standards during the nine months ended September 30, 2022.

Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of disaggregation of revenue

The following table summarizes revenue by revenue source as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
Major Products/Service Lines (in thousands)	2022		2021		2022		2021
Product revenue, net(1)	$	233,366	$	96,678	$	631,157	$	277,559
License and royalty revenues(2)	5,926		5,395		40,738		18,087
Total revenues	$	239,292	$	102,073	$	671,895	$	295,646

________________________________

(2)The Company recognized $24.0 million license revenue in the first quarter of 2022 related to an agreement with Novartis Pharma AG.

Revenue by product category on a net basis is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
DEFINITY	$	60,740	$	57,636	$	181,374	$	173,448
TechneLite	22,094		22,680		64,139		69,252
Other precision diagnostics	6,175		7,563		16,803		21,289
Total precision diagnostics	89,009		87,879		262,316		263,989
PYLARIFY	143,754		7,724		366,763		7,997
Other radiopharmaceutical oncology	928		1,166		3,183		5,206
Total radiopharmaceutical oncology	144,682		8,890		369,946		13,203
Strategic partnerships and other revenue	5,601		5,304		39,633		18,454
Total revenues	$	239,292	$	102,073	$	671,895	$	295,646

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The tables below present information about the Company’s assets and liabilities measured at fair value on a recurring basis:


	September 30, 2022
(in thousands)	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market	$	176,909	$	176,909	$	—	$	—
Interest rate swaps	5,660		—		5,660		—
Contingent receivable	8,200		—		—		8,200
Total assets	$	190,769	$	176,909	$	5,660	$	8,200
Liabilities:
Contingent consideration liabilities	$	110,500	$	—	$	—	$	110,500
Total liabilities	$	110,500	$	—	$	—	$	110,500


	December 31, 2021
(in thousands)	Total Fair Value		Level 1		Level 2		Level 3
Assets:
Money market	$	40,140	$	40,140	$	—	$	—
Interest rate swaps	357		—		357		—
Contingent receivable	9,300		—		—		9,300
Total assets	$	49,797	$	40,140	$	357	$	9,300
Liabilities:
Contingent consideration liabilities	$	86,200	$	—	$	—	$	86,200
Total liabilities	$	86,200	$	—	$	—	$	86,200

Fair value measurement inputs and valuation techniques

The following tables summarize quantitative information and assumptions pertaining to the fair value measurement of assets and liabilities using Level 3 inputs at September 30, 2022.


	Fair Value at						Assumptions
(in thousands)	September 30, 2022		December 31, 2021		Valuation Technique	Unobservable Input	September 30, 2022		December 31, 2021
Contingent receivable:
Regulatory milestone	$	2,400	$	2,500	Probability adjusted discounted cash flow model	Period of expected milestone achievement	2023		2022
						Probability of success	70	%	70	%
						Discount rate	19	%	17	%
Royalties	5,800		6,800		Probability adjusted discounted cash flow model
						Probability of success	10% - 60%		10% - 60%
						Discount rate	19	%	17	%
Total	$	8,200	$	9,300


	Fair Value at						Assumptions
(in thousands)	September 30, 2022		December 31, 2021		Valuation Technique	Unobservable Input	September 30, 2022		December 31, 2021
Contingent consideration liability:
Net sales targets - PYLARIFY (CVRs)	$	99,700	$	73,200	Probability adjusted discounted cash flow model (as of 9/30/2022) Monte Carlo simulation (as of 12/31/2021)	Period of expected milestone achievement and sales targets	2022 - 2023		2022 - 2023
						Probability of success	100	%	N/A
						Discount rate	N/A		17	%
1095 commercialization milestone	1,700		1,900		Probability adjusted discounted cash flow model
						Period of expected milestone achievement	2026		2026
						Probability of success	40	%	40	%
						Discount rate	3.7	%	1.3	%



Net sales targets - AZEDRA and 1095	9,100		11,100		Monte Carlo simulation
						Probability of success and sales targets	20% - 100%		40% - 100%
						Discount rate	18% - 19%		16% - 17%
Total	$	110,500	$	86,200

Schedule of financial instruments with significant Level 3 inputs

For those financial instruments with significant Level 3 inputs, the following table summarizes the activities for the periods indicated:


	Financial Assets				Financial Liabilities
(in thousands)	Nine Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Fair value, beginning of period	$	9,300	$	11,300	$	86,200	$	15,800

Changes in fair value included in net income (loss)	(1,100)		2,500		24,300		31,000

Fair value, end of period	$	8,200	$	13,800	$	110,500	$	46,800

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of income tax expense

The Company’s income tax expense is presented below:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Income tax expense (benefit)	$	21,784	$	(6,422)	$	55,710	$	(2,967)

Inventory (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Schedule of inventory

Inventory consisted of the following:


(in thousands)	September 30, 2022		December 31, 2021
Raw materials	$	17,699	$	15,505
Work in process	8,203		13,042
Finished goods	8,891		6,582
Total inventory	$	34,793	$	35,129

Property, Plant and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Schedule of property, plant, and equipment, net

Property, plant and equipment, net, consisted of the following:


(in thousands)	September 30, 2022		December 31, 2021
Land	$	13,450	$	13,450
Buildings	72,497		73,559
Machinery, equipment and fixtures	88,507		83,608
Computer software	25,740		24,384
Construction in progress	17,918		10,686
	218,112		205,687
Less: accumulated depreciation and amortization	(97,286)		(88,915)
Total property, plant and equipment, net	$	120,826	$	116,772

Accrued Expenses and Other Liabilities and Other Long-Term Liabilities (Tables)

9 Months Ended

Sep. 30, 2022

Payables and Accruals [Abstract]

Schedule of accrued liabilities

Accrued expenses and other liabilities and other long-term liabilities are comprised of the following:


(in thousands)	September 30, 2022		December 31, 2021
Compensation and benefits	$	26,205	$	22,730
Freight, distribution and operations	35,619		16,157
Accrued rebates, discounts and chargebacks	13,247		10,977
Accrued professional fees	4,562		2,850
Short-term contingent liability (Note 4)	99,700		—
Other	11,144		5,354
Total accrued expenses and other liabilities	$	190,477	$	58,068

Operating lease liabilities (Note 16)	$	15,354	$	16,546
Long-term contingent liability (Note 4)	10,800		86,200
Other long-term liabilities	20,335		22,148
Total other long-term liabilities	$	46,489	$	124,894

Sale of Puerto Rico Subsidiary (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Disposal groups including discontinued operations

The following table summarizes the major classes of assets and liabilities sold as of January 29, 2021, the date of sale:



(in thousands)	January 29, 2021
Current Assets:
Cash and cash equivalents	$	540
Accounts receivable, net	1,959
Inventory	530
Other current assets	65
Total current assets	3,094
Non-Current Assets:
Property, plant & equipment, net	780
Intangibles, net	96
Other long-term assets	774
Total assets held for sale	$	4,744

Current Liabilities:
Accounts payable	$	185
Accrued expense and other liabilities	369
Total current liabilities	554
Non-Current Liabilities:
Asset retirement obligations	306
Other long-term liabilities	588
Total liabilities held for sale	$	1,448

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Asset Retirement Obligations (Tables)

9 Months Ended

Sep. 30, 2022

Asset Retirement Obligation Disclosure [Abstract]

Summary of changes in asset retirement obligations

The following table provides a summary of the changes in the Company’s asset retirement obligations:


(in thousands)	Amount
Balance at January 1, 2022	$	20,833
Accretion expense	1,296
Accelerated costs	1,229
Balance at September 30, 2022	$	23,358

Intangibles, Net (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of finite-lived intangible assets

Intangibles, net, consisted of the following:


	September 30, 2022
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,924)	$	1,616
Customer relationships	15 - 25	Accelerated	96,682		(94,866)		1,816
Currently marketed products	9 - 15	Straight-Line	275,700		(41,557)		234,143
Licenses	11 - 16	Straight-Line	85,800		(17,214)		68,586
Developed technology	9	Straight-Line	2,400		(610)		1,790
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,762	$	(166,171)	$	323,591


	December 31, 2021
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,510)	$	2,030
Customer relationships	15 - 25	Accelerated	96,880		(94,630)		2,250
Currently marketed product	9 - 15	Straight-Line	275,700		(23,345)		252,355
Licenses	11 - 16	Straight-Line	85,800		(11,555)		74,245
Developed technology	9	Straight-Line	2,400		(410)		1,990
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,960	$	(141,450)	$	348,510

Schedule of indefinite-lived intangible assets

Intangibles, net, consisted of the following:


	September 30, 2022
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,924)	$	1,616
Customer relationships	15 - 25	Accelerated	96,682		(94,866)		1,816
Currently marketed products	9 - 15	Straight-Line	275,700		(41,557)		234,143
Licenses	11 - 16	Straight-Line	85,800		(17,214)		68,586
Developed technology	9	Straight-Line	2,400		(610)		1,790
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,762	$	(166,171)	$	323,591


	December 31, 2021
(in thousands)	Useful Lives (in years)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	15 - 25	Straight-Line	$	13,540	$	(11,510)	$	2,030
Customer relationships	15 - 25	Accelerated	96,880		(94,630)		2,250
Currently marketed product	9 - 15	Straight-Line	275,700		(23,345)		252,355
Licenses	11 - 16	Straight-Line	85,800		(11,555)		74,245
Developed technology	9	Straight-Line	2,400		(410)		1,990
IPR&D	N/A	N/A	15,640		—		15,640
Total			$	489,960	$	(141,450)	$	348,510

Schedule of expected future amortization expense

The below table summarizes the estimated aggregate amortization expense expected to be recognized on the above intangible assets:


(in thousands)	Amount
Remainder of 2022	$	8,310
2023	32,634
2024	32,563
2025	32,508
2026	32,497
2027 and thereafter	169,439
Total	$	307,951

Long-Term Debt, Net, and Other Borrowings (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of maturities of principal obligations

As of September 30, 2022, the Company’s maturities of principal obligations under its long-term debt and other borrowings are as follows:


(in thousands)	Amount
Remainder of 2022	$	3,750
2023	15,000
2024	148,750



Total principal outstanding	167,500
Unamortized debt discount	(348)
Unamortized debt issuance costs	(301)

Finance lease liabilities	578

Total	167,429
Less: current portion	(15,372)
Total long-term debt, net and other borrowings	$	152,057

Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivative instruments

The following table presents the location and fair value amounts of derivative instruments reported in the condensed consolidated balance sheets:

(in thousands)

September 30, 2022

December 31, 2021

Derivatives type

Classification

Assets:

Interest rate swap

Other long-term assets

5,660

357

Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of accumulated other comprehensive income (loss)

The components of accumulated other comprehensive income (loss), net of tax of $1.5 million and $0.2 million for the nine months ended September 30, 2022 and 2021, respectively, consisted of the following:


(in thousands)	Foreign currency translation		Unrealized loss on cash flow hedges		Accumulated other comprehensive income (loss)
Balance at January 1, 2022	$	(754)	$	269	$	(485)
Other comprehensive (loss) income before reclassifications	(463)		4,112		3,649
Amounts reclassified to earnings	—		(170)		(170)
Balance at September 30, 2022	$	(1,217)	$	4,211	$	2,994

Balance at January 1, 2021	$	(630)	$	(1,418)	$	(2,048)
Other comprehensive income before reclassifications	55		312		367
Amounts reclassified to earnings	—		539		539
Balance at September 30, 2021	$	(575)	$	(567)	$	(1,142)

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of stock-based compensation expense recognized

The following table presents stock-based compensation expense recognized in the Company’s accompanying condensed consolidated statements of operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Cost of goods sold	$	1,268	$	144	$	3,263	$	1,672
Sales and marketing	1,745		684		4,433		1,726
General and administrative	3,991		2,330		10,777		6,641
Research and development	1,099		709		2,665		1,733
Total stock-based compensation expense	$	8,103	$	3,867	$	21,138	$	11,772

Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Schedule of operating and finance lease assets and liabilities

Operating and finance lease assets and liabilities are as follows:


(in thousands)	Classification	September 30, 2022		December 31, 2021
Assets
Operating	Other long-term assets	$	8,293	$	8,788
Finance	Property, plant and equipment, net	679		556
Total leased assets		$	8,972	$	9,344
Liabilities
Current
Operating	Accrued expenses and other liabilities	$	1,677	$	1,599
Finance	Current portion of long-term debt and other borrowings	372		392
Noncurrent
Operating	Other long-term liabilities	15,354		16,546
Finance	Long-term debt, net and other borrowings	206		299
Total leased liabilities		$	17,609	$	18,836

Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Summary of net income per common share

A summary of net income per common share is presented below:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands, except per share amounts)	2022		2021		2022		2021
Net income (loss)	$	61,232	$	(13,415)	$	147,252	$	(31,064)

Basic weighted-average common shares outstanding	68,756		67,623		68,482		67,409
Effect of dilutive stock options	455		—		452		—
Effect of dilutive restricted stock	1,864		—		1,735		—

Diluted weighted-average common shares outstanding	71,075		67,623		70,669		67,409

Basic income (loss) per common share	$	0.89	$	(0.20)	$	2.15	$	(0.46)
Diluted income (loss) per common share	$	0.86	$	(0.20)	$	2.08	$	(0.46)

Antidilutive securities excluded from diluted net income (loss) per common share	52		3,051		226		3,051

Other Income (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Schedule of other income

Other income consisted of the following:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2022		2021		2022		2021
Foreign currency losses	$	145	$	127	$	189	$	156
Tax indemnification loss, net	1,460		3,823		668		3,092
Interest income	(504)		(11)		(551)		(39)

Other	—		1		—		—
Total other income	$	1,101	$	3,940	$	306	$	3,209

Basis of Presentation (Details) $ / shares in Units, $ in Thousands	Feb. 20, 2020 USD ($) contingent_value_right $ / shares shares	Sep. 30, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) \| $ / shares		$ 0.01	$ 0.01
Contingent consideration liabilities		$ 110,500	$ 86,200
Business combination, consideration transferred, equity interests issued (in shares) \| shares	26,844,877
Business combination common stock under contingent value right (in shares) \| shares	86,630,633
Progenics
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.01
Shares to be received from acquisition conversion (in shares) \| shares	0.31
Number of CVRs \| contingent_value_right	1
Aggregate cash payments percentage	40.00%
Percentage of total contingent consideration under CVRs	19.90%
Business combination contingent value right of total consideration	$ 99,700
Progenics \| Cash Payments 2022
Business Acquisition [Line Items]
Contingent consideration liabilities	100,000
Progenics \| Cash Payments 2023
Business Acquisition [Line Items]
Contingent consideration liabilities	$ 150,000
Progenics
Business Acquisition [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0013

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 239,292		$ 102,073	$ 671,895	$ 295,646
Total amount awarded		$ 24,000
Product revenue, net
Disaggregation of Revenue [Line Items]
Revenues	233,366		96,678	631,157	277,559
License and royalty revenues
Disaggregation of Revenue [Line Items]
Revenues	5,926		5,395	40,738	18,087
Total precision diagnostics
Disaggregation of Revenue [Line Items]
Revenues	89,009		87,879	262,316	263,989
DEFINITY
Disaggregation of Revenue [Line Items]
Revenues	60,740		57,636	181,374	173,448
TechneLite
Disaggregation of Revenue [Line Items]
Revenues	22,094		22,680	64,139	69,252
Other precision diagnostics
Disaggregation of Revenue [Line Items]
Revenues	6,175		7,563	16,803	21,289
PYLARIFY
Disaggregation of Revenue [Line Items]
Revenues	143,754		7,724	366,763	7,997
Other radiopharmaceutical oncology
Disaggregation of Revenue [Line Items]
Revenues	928		1,166	3,183	5,206
Total radiopharmaceutical oncology
Disaggregation of Revenue [Line Items]
Revenues	144,682		8,890	369,946	13,203
Strategic partnerships and other revenue
Disaggregation of Revenue [Line Items]
Revenues	$ 5,601		$ 5,304	$ 39,633	$ 18,454

Fair Value of Financial Instruments - Assets and Liabilities Measured at Fair Value on A Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets:
Contingent receivable	$ 8,200	$ 9,300
Total assets	190,769	49,797
Liabilities:
Contingent consideration liabilities	110,500	86,200
Total liabilities	110,500	86,200
Level 1
Assets:
Contingent receivable	0	0
Total assets	176,909	40,140
Liabilities:
Contingent consideration liabilities	0	0
Total liabilities	0	0
Level 2
Assets:
Contingent receivable	0	0
Total assets	5,660	357
Liabilities:
Contingent consideration liabilities	0	0
Total liabilities	0	0
Level 3
Assets:
Contingent receivable	8,200	9,300
Total assets	8,200	9,300
Liabilities:
Contingent consideration liabilities	110,500	86,200
Total liabilities	110,500	86,200
Interest rate swaps
Assets:
Interest rate swaps	5,660	357
Interest rate swaps \| Level 1
Assets:
Interest rate swaps	0	0
Interest rate swaps \| Level 2
Assets:
Interest rate swaps	5,660	357
Interest rate swaps \| Level 3
Assets:
Interest rate swaps	0	0
Money market
Assets:
Money market	176,909	40,140
Money market \| Level 1
Assets:
Money market	176,909	40,140
Money market \| Level 2
Assets:
Money market	0	0
Money market \| Level 3
Assets:
Money market	$ 0	$ 0

Fair Value of Financial Instruments - Narrative (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Feb. 20, 2020 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Company acquired right to receive certain future milestone		$ 239,292	$ 102,073	$ 671,895	$ 295,646
Contingent consideration liabilities		110,500		$ 110,500		$ 86,200
Progenics
Fair Value, Option, Quantitative Disclosures [Line Items]
Royalty percentage				0.05
Aggregate cash payments percentage	40.00%
Potential payments, high		85,000		$ 85,000
Progenics \| Current Liabilities
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities		99,700		99,700
Progenics \| Cash Payments 2022
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities	$ 100,000
Progenics \| Cash Payments 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities	$ 150,000
Progenics \| Net Sales Targets For Azedra
Fair Value, Option, Quantitative Disclosures [Line Items]
Potential payments, high		70,000		70,000
Progenics \| 1095 commercialization milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Potential payments, high		5,000		5,000
Progenics \| 1404 Commercialization Milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Potential payments, high		$ 10,000		10,000
Royalty \| Progenics
Fair Value, Option, Quantitative Disclosures [Line Items]
Company acquired right to receive certain future milestone				$ 5,000

Fair Value of Financial Instruments - Quantitative Information and Assumptions Pertaining To The Fair Value Measurement of The Level 3 Inputs (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent receivable	$ 8,200	$ 9,300
Contingent consideration liabilities	110,500	86,200
Level 3
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent receivable	8,200	9,300
Contingent consideration liabilities	110,500	86,200
Level 3 \| Regulatory milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent receivable	2,400	2,500
Level 3 \| Royalties
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent receivable	5,800	6,800
Level 3 \| Net sales targets - PYLARIFY (CVRs)
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities	99,700	73,200
Level 3 \| 1095 commercialization milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities	1,700	1,900
Level 3 \| Net sales targets - AZEDRA and 1095
Fair Value, Option, Quantitative Disclosures [Line Items]
Contingent consideration liabilities	$ 9,100	$ 11,100
Level 3 \| Probability adjusted discounted cash flow model \| Probability of success \| Regulatory milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Asset measurement input	0.70	0.70
Level 3 \| Probability adjusted discounted cash flow model \| Probability of success \| Royalties \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Asset measurement input	0.10	0.10
Level 3 \| Probability adjusted discounted cash flow model \| Probability of success \| Royalties \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Asset measurement input	0.60	0.60
Level 3 \| Probability adjusted discounted cash flow model \| Probability of success \| Net sales targets - PYLARIFY (CVRs)
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	1
Level 3 \| Probability adjusted discounted cash flow model \| Probability of success \| 1095 commercialization milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	0.40	0.40
Level 3 \| Probability adjusted discounted cash flow model \| Discount rate \| Regulatory milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Asset measurement input	0.19	0.17
Level 3 \| Probability adjusted discounted cash flow model \| Discount rate \| Royalties
Fair Value, Option, Quantitative Disclosures [Line Items]
Asset measurement input	0.19	0.17
Level 3 \| Probability adjusted discounted cash flow model \| Discount rate \| 1095 commercialization milestone
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	0.037	0.013
Level 3 \| Monte Carlo simulation \| Probability of success \| Net sales targets - AZEDRA and 1095 \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	0.20	0.40
Level 3 \| Monte Carlo simulation \| Probability of success \| Net sales targets - AZEDRA and 1095 \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	1	1
Level 3 \| Monte Carlo simulation \| Discount rate \| Net sales targets - PYLARIFY (CVRs)
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input		0.17
Level 3 \| Monte Carlo simulation \| Discount rate \| Net sales targets - AZEDRA and 1095 \| Minimum
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	0.18	0.16
Level 3 \| Monte Carlo simulation \| Discount rate \| Net sales targets - AZEDRA and 1095 \| Maximum
Fair Value, Option, Quantitative Disclosures [Line Items]
Liability measurement input	0.19	0.17

Fair Value of Financial Instruments - Financial Instruments With Significant Level 3 Inputs (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Financial Assets
Fair value, beginning of period	$ 9,300	$ 11,300
Changes in fair value included in net income (loss)	(1,100)	2,500
Fair value, end of period	8,200	13,800
Financial Liabilities
Fair value, beginning of period	86,200	15,800
Changes in fair value included in net income (loss)	24,300	31,000
Fair value, end of period	110,500	$ 46,800
Change in fair value of the contingent financial asset and contingent financial liabilities	$ 25,400

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 21,784	$ (6,422)		$ 55,710	$ (2,967)
Settlement agreement				$ 2,200
Goodwill acquired			$ 2,600

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory [Line Items]
Raw materials	$ 17,699	$ 15,505
Work in process	8,203	13,042
Finished goods	8,891	6,582
Total inventory	$ 34,793	35,129
DEFINITY
Inventory [Line Items]
Total inventory		$ 6,100

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	$ 218,112		$ 218,112		$ 205,687
Less: accumulated depreciation and amortization	(97,286)		(97,286)		(88,915)
Total property, plant and equipment, net	120,826		120,826		116,772
Depreciation and amortization expense	3,900	$ 3,600	10,300	$ 9,800
Land
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	13,450		13,450		13,450
Buildings
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	72,497		72,497		73,559
Machinery, equipment and fixtures
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	88,507		88,507		83,608
Computer software
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	25,740		25,740		24,384
Construction in progress
Property, Plant & Equipment [Line Items]
Property, plant & equipment, gross	$ 17,918		$ 17,918		$ 10,686

Accrued Expenses and Other Liabilities and Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Compensation and benefits	$ 26,205	$ 22,730
Freight, distribution and operations	35,619	16,157
Accrued rebates, discounts and chargebacks	13,247	10,977
Accrued professional fees	4,562	2,850
Short-term contingent liability (Note 4)	99,700	0
Other	11,144	5,354
Total accrued expenses and other liabilities	190,477	58,068
Operating lease liabilities (Note 16)	15,354	16,546
Long-term contingent liability (Note 4)	10,800	86,200
Other long-term liabilities	20,335	22,148
Total other long-term liabilities	$ 46,489	$ 124,894

Sale of Puerto Rico Subsidiary (Details) - Puerto Rican Radiopharmacy Servicing Subsidiary - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jan. 29, 2021
Non-Current Liabilities:
Pre-tax book gain on disposal	$ 15,300
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group consideration		$ 18,000
Disposal group holdback amount		1,800
Current assets
Cash and cash equivalents		540
Accounts receivable, net		1,959
Inventory		530
Other current assets		65
Total current assets		3,094
Non-Current Assets:
Property, plant & equipment, net		780
Intangibles, net		96
Other long-term assets		774
Total assets held for sale		4,744
Current liabilities
Accounts payable		185
Accrued expense and other liabilities		369
Total current liabilities		554
Non-Current Liabilities:
Asset retirement obligations		306
Other long-term liabilities		588
Total liabilities held for sale		$ 1,448

Asset Retirement Obligations - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Sep. 30, 2022
Asset Retirement Obligation Disclosure [Abstract]
Obligation expected to be incurred		$ 25.5
Non-cash adjustment	$ 5.3
Financial assurance in form of surety bond		$ 30.3

Asset Retirement Obligations - Asset Retirement Obligation (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligations, beginning balance	$ 20,833
Accretion expense	1,296
Accelerated costs	1,229	$ 0
Asset retirement obligations, ending balance	$ 23,358

Intangibles, Net - Schedule of Intangibles, Net (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Indefinite lived, cost	$ 15,640	$ 15,640
Total, cost	489,762	489,960
Accumulated Amortization	(166,171)	(141,450)
Total	307,951
Total, net	323,591	348,510
Trademarks
Finite-Lived Intangible Assets [Line Items]
Cost	13,540	13,540
Accumulated Amortization	(11,924)	(11,510)
Total	$ 1,616	$ 2,030
Trademarks \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	15 years	15 years
Trademarks \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	25 years	25 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	$ 96,682	$ 96,880
Accumulated Amortization	(94,866)	(94,630)
Total	$ 1,816	$ 2,250
Customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	15 years	15 years
Customer relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	25 years	25 years
Currently marketed products
Finite-Lived Intangible Assets [Line Items]
Cost	$ 275,700	$ 275,700
Accumulated Amortization	(41,557)	(23,345)
Total	$ 234,143	$ 252,355
Currently marketed products \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	9 years	9 years
Currently marketed products \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	15 years	15 years
Licenses
Finite-Lived Intangible Assets [Line Items]
Cost	$ 85,800	$ 85,800
Accumulated Amortization	(17,214)	(11,555)
Total	$ 68,586	$ 74,245
Licenses \| Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	11 years	11 years
Licenses \| Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	16 years	16 years
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible asset, useful life	9 years	9 years
Cost	$ 2,400	$ 2,400
Accumulated Amortization	(610)	(410)
Total	$ 1,790	$ 1,990

Intangibles, Net - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization expense		$ 8.3	$ 8.4	$ 24.9	$ 19.1
IPR & D
Finite-Lived Intangible Assets [Line Items]
Decrease in indefinite lived assets	$ 132.8
Currently marketed products
Finite-Lived Intangible Assets [Line Items]
Increase in finite lived assets	$ 132.8

Intangibles, Net - Schedule of Expected Future Amortization Expense Related to Intangible Assets (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 8,310
2023	32,634
2024	32,563
2025	32,508
2026	32,497
2027 and thereafter	169,439
Total	$ 307,951

Long-Term Debt, Net, and Other Borrowings (Details) - USD ($)		9 Months Ended
	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt Instrument [Line Items]
2022		$ 3,750,000
2023		15,000,000
2024		148,750,000
Total principal outstanding		167,500,000
Unamortized debt discount		(348,000)
Unamortized debt issuance costs		(301,000)
Finance lease liabilities		578,000
Total		167,429,000
Less: current portion		(15,372,000)
Total long-term debt, net and other borrowings		152,057,000		$ 163,121,000
Gain on extinguishment of debt		$ 0	$ 889,000
Royalty-Backed Loan
Debt Instrument [Line Items]
Debt instrument face amount	$ 50,000,000
Extinguishment of debt	30,900,000
Prepayment of debt	500,000
Gain on extinguishment of debt	$ 900,000
2019 Term Loan Facility
Debt Instrument [Line Items]
Debt instrument term		5 years
Interest rate		4.60%

Derivative Instruments (Detail) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2020
Derivative [Line Items]
Pre-tax deferred losses expected to be reclassified to earnings during the next 12 months	$ 3,500,000
Derivative asset, statement of financial position [Extensible Enumeration]	Other long-term assets	Other long-term assets
Cash Flow Hedge \| Interest rate swaps
Derivative [Line Items]
Notional amount			$ 100,000,000
Average fixed interest rate			0.82%
Interest rate swap	$ 5,660,000	$ 357,000

Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, tax	$ 1,500	$ 200
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	464,439	514,205
Other comprehensive (loss) income before reclassifications	3,649	367
Amounts reclassified to earnings	(170)	539
Ending balance	638,050	499,344
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(754)	(630)
Other comprehensive (loss) income before reclassifications	(463)	55
Amounts reclassified to earnings	0	0
Ending balance	(1,217)	(575)
Unrealized loss on cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	269	(1,418)
Other comprehensive (loss) income before reclassifications	4,112	312
Amounts reclassified to earnings	(170)	539
Ending balance	4,211	(567)
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(485)	(2,048)
Ending balance	$ 2,994	$ (1,142)

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI https://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Stock-Based Compensation (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 8,103	$ 3,867	$ 21,138	$ 11,772
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,268	144	3,263	1,672
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	1,745	684	4,433	1,726
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,991	2,330	10,777	6,641
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 1,099	$ 709	$ 2,665	$ 1,733

Leases - Operating and Finance Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Operating	$ 8,293	$ 8,788
Finance	679	556
Total leased assets	8,972	9,344
Current liabilities
Operating	1,677	1,599
Finance	372	392
Non-Current Liabilities:
Operating	15,354	16,546
Finance	206	299
Total leased liabilities	$ 17,609	$ 18,836
Operating lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Other long-term assets	Other long-term assets
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Finance lease, liability, current, statement of financial position [Extensible Enumeration]	Current portion of long-term debt and other borrowings	Current portion of long-term debt and other borrowings
Operating lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Other long-term liabilities	Other long-term liabilities
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]	Long-term debt, net and other borrowings	Long-term debt, net and other borrowings

Net Income (Loss) Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income (loss)	$ 61,232	$ (13,415)	$ 147,252	$ (31,064)
Basic weighted-average common shares outstanding (in shares)	68,756	67,623	68,482	67,409
Effect of dilutive stock options (in shares)	455	0	452	0
Effect of dilutive restricted stock (in shares)	1,864	0	1,735	0
Diluted weighted-average common shares outstanding (in shares)	71,075	67,623	70,669	67,409
Basic income (loss) per common share (in dollars per share)	$ 0.89	$ (0.20)	$ 2.15	$ (0.46)
Diluted income (loss) per common share (in dollars per share)	$ 0.86	$ (0.20)	$ 2.08	$ (0.46)
Antidilutive securities excluded from diluted net income (loss) per common share (in shares)	52	3,051	226	3,051

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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Other Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Other Income (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Foreign currency losses	$ 145	$ 127	$ 189	$ 156
Tax indemnification loss, net	1,460	3,823	668	3,092
Interest income	(504)	(11)	(551)	(39)
Other	0	1	0	0
Total other income	$ 1,101	$ 3,940	$ 306	$ 3,209

Segment Information (Details)	9 Months Ended
Segment Information (Details)	Sep. 30, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	1