10-Q Filing

SUPERNUS PHARMACEUTICALS, INC. CIK: 1356576 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001104659-18-050920`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	supn-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 72 Cash Flow Statement 77 Comprehensive Income 16

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	130.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	130.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.18M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.31M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$39.74M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$139.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	52.18M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$65.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$74.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$20.68M	USD	Point-in-time
Inventories, net	`InventoryNet`	$16.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.45M	USD	Point-in-time
Long term marketable securities	`MarketableSecuritiesNoncurrent`	$503.31M	USD	Point-in-time
Long term marketable securities	`MarketableSecuritiesNoncurrent`	$133.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.12M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$33.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.02M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$752.00K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$389.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$20.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$25.53M	USD	Point-in-time
Total assets	`Assets`	$424.46M	USD	Point-in-time
Total assets	`Assets`	$852.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.94M	USD	Point-in-time
Accrued sales deductions	`AccruedSalesDeduction`	$68.34M	USD	Point-in-time
Accrued sales deductions	`AccruedSalesDeduction`	$70.04M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$29.29M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.94M	USD	Point-in-time
Non-recourse liability related to sale of future royalties, current portion	`NonRecourseDebtSaleOfFutureRoyaltiesCurrent`	$4.28M	USD	Point-in-time
Non-recourse liability related to sale of future royalties, current portion	`NonRecourseDebtSaleOfFutureRoyaltiesCurrent`	$1.66M	USD	Point-in-time
Deferred licensing revenue	`ContractWithCustomerLiabilityCurrent`	$287.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.00M	USD	Point-in-time
Deferred licensing revenue, net of current portion	`ContractWithCustomerLiabilityNoncurrent`	$1.15M	USD	Point-in-time
Convertible notes, net	`ConvertibleLongTermNotesPayable`	$321.92M	USD	Point-in-time
Non-recourse liability related to sale of future royalties, long term	`NonRecourseDebtSaleOfFutureRoyaltiesNoncurrent`	$22.26M	USD	Point-in-time
Non-recourse liability related to sale of future royalties, long term	`NonRecourseDebtSaleOfFutureRoyaltiesNoncurrent`	$23.87M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.58M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$12.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$462.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$156.98M	USD	Point-in-time
Common stock, $0.001 par value, 130,000,000 shares authorized at June 30, 2018 and December 31, 2017; 52,179,334 and 51,314,850 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$52.00K	USD	Point-in-time
Common stock, $0.001 par value, 130,000,000 shares authorized at June 30, 2018 and December 31, 2017; 52,179,334 and 51,314,850 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively	`CommonStockValue`	$51.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$361.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$295.00M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-747.00K	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.12M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$32.59M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-26.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$267.48M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$390.49M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$424.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$852.80M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$99.54M	USD	1 Quarter
Total revenue	`Revenues`	$75.83M	USD	1 Quarter
Total revenue	`Revenues`	$133.41M	USD	2 Qtrs
Total revenue	`Revenues`	$189.97M	USD	2 Qtrs
Cost of product sales	`CostOfGoodsAndServicesSold`	$3.86M	USD	1 Quarter
Cost of product sales	`CostOfGoodsAndServicesSold`	$3.68M	USD	1 Quarter
Cost of product sales	`CostOfGoodsAndServicesSold`	$6.81M	USD	2 Qtrs
Cost of product sales	`CostOfGoodsAndServicesSold`	$6.96M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$10.82M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.43M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$20.04M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.95M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$35.08M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$63.32M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$76.95M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$40.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$90.55M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$122.85M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$49.76M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$63.82M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$42.85M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$26.07M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$67.11M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$35.72M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.66M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$656.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.19M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.87M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.32M	USD	1 Quarter
Interest expense	`InterestExpense`	$147.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.04M	USD	2 Qtrs
Interest expense	`InterestExpense`	$58.00K	USD	1 Quarter
Interest expense-nonrecourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.12M	USD	2 Qtrs
Interest expense-nonrecourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$160.00K	USD	1 Quarter
Interest expense-nonrecourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.91M	USD	2 Qtrs
Interest expense-nonrecourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.20M	USD	1 Quarter
Changes in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$76.00K	USD	2 Qtrs
Changes in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$23.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-103.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-204.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.08M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.86M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-207.00K	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$358.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.43M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.04M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.86M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.65M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.95M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$9.06M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.12M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$14.98M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$30.74M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$27.66M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$57.09M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$17.37M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.10	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.06	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.92M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.53M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	51.73M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	50.35M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.03M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.22M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.02M	shares	2 Qtrs

Cash Flow Statement 77 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$57.09M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$27.66M	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-103.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-204.00K	USD	2 Qtrs
Change in fair value of derivative liability	`UnrealizedGainLossOnDerivatives`	$76.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.49M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.08M	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$4.31M	USD	2 Qtrs
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$50.00K	USD	2 Qtrs
Amortization of premium/discount on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$327.00K	USD	2 Qtrs
Amortization of premium/discount on marketable securities	`InvestmentIncomeNetAmortizationOfDiscountAndPremium`	$1.83M	USD	2 Qtrs
Non-cash interest expense on non-recourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.91M	USD	2 Qtrs
Non-cash interest expense on non-recourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.20M	USD	1 Quarter
Non-cash interest expense on non-recourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$1.12M	USD	2 Qtrs
Non-cash interest expense on non-recourse liability related to sale of future royalties	`InterestExpenseNonRecourseRoyaltyLiability`	$160.00K	USD	1 Quarter
Non-cash royalty revenue	`RevenueFromRoyaltyAgreement`	$2.33M	USD	2 Qtrs
Non-cash royalty revenue	`RevenueFromRoyaltyAgreement`	$1.50M	USD	1 Quarter
Non-cash royalty revenue	`RevenueFromRoyaltyAgreement`	$1.20M	USD	1 Quarter
Non-cash royalty revenue	`RevenueFromRoyaltyAgreement`	$2.78M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.70M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$4.09M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-395.00K	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$11.67M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.63M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.78M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-178.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.38M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherCurrentAssets`	$1.79M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherCurrentAssets`	$8.06M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$342.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.84M	USD	2 Qtrs
Accrued sales deductions	`IncreaseDecreaseInAccruedSalesDeductions`	$1.70M	USD	2 Qtrs
Accrued sales deductions	`IncreaseDecreaseInAccruedSalesDeductions`	$5.68M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.28M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.96M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.94M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.60M	USD	2 Qtrs
Deferred licensing revenue	`IncreaseDecreaseInDeferredLicensingRevenue`	$-130.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$477.00K	USD	2 Qtrs
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.87M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.30M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.69M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$48.47M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$491.65M	USD	2 Qtrs
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$12.42M	USD	2 Qtrs
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$19.47M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$852.00K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$557.00K	USD	2 Qtrs
Deferred legal fees	`PaymentsToAcquireIntangibleAssets`	$9.22M	USD	2 Qtrs
Deferred legal fees	`PaymentsToAcquireIntangibleAssets`	$401.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-473.15M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.12M	USD	2 Qtrs
Proceeds from issuance of convertible notes	`ProceedsFromConvertibleDebt`	$402.50M	USD	2 Qtrs
Convertible notes issuance financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$10.44M	USD	2 Qtrs
Proceeds from issuance of warrants	`ProceedsFromIssuanceOfWarrants`	$65.69M	USD	2 Qtrs
Purchases of convertible note hedges	`PurchasesOfConvertibleNoteHedge`	$92.90M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.16M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.50M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$374.36M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.16M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.66M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-65.10M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.40M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.30M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$66.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.30M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$134.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$1.71M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$29.28M	USD	2 Qtrs
Conversion of convertible notes and interest make-whole	`DebtConversionConvertedInstrumentAndInterestMakeWholeAmount`	$2.98M	USD	2 Qtrs
Deferred legal fees included in accounts payable and accrued expenses	`NonCashCapitalizedCostOfIntangibleAssets`	$480.00K	USD	2 Qtrs
Deferred legal fees included in accounts payable and accrued expenses	`NonCashCapitalizedCostOfIntangibleAssets`	$1.88M	USD	2 Qtrs

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$57.09M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$17.37M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$27.66M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$30.74M	USD	1 Quarter
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$184.00K	USD	1 Quarter
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-3.37M	USD	2 Qtrs
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.83M	USD	1 Quarter
Unrealized (loss) gain on marketable securities, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$350.00K	USD	2 Qtrs
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$350.00K	USD	2 Qtrs
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$184.00K	USD	1 Quarter
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.37M	USD	2 Qtrs
Other comprehensive earnings (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.83M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$28.02M	USD	2 Qtrs
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$53.72M	USD	2 Qtrs
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$28.91M	USD	1 Quarter
Comprehensive earnings	`ComprehensiveIncomeNetOfTax`	$17.55M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.