2022 Q3 Form 10-Q Financial Statement

#000180866522000048 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $34.21M $35.13M $36.54M
YoY Change 34.31% 38.46% 36.14%
Cost Of Revenue $4.009M $4.228M $3.795M
YoY Change 31.44% 16.76% -5.13%
Gross Profit $30.20M $30.90M $32.74M
YoY Change 34.7% 42.07% 42.98%
Gross Profit Margin 88.28% 87.97% 89.61%
Selling, General & Admin $11.90M $10.54M $10.64M
YoY Change 27.78% -56.14% 27.8%
% of Gross Profit 39.4% 34.12% 32.49%
Research & Development $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Depreciation & Amortization $200.0K $200.0K $8.699M
YoY Change 0.0% -33.33% 27.7%
% of Gross Profit 0.66% 0.65% 26.57%
Operating Expenses $11.90M $10.54M $10.64M
YoY Change 27.78% -56.14% 27.8%
Operating Profit $6.434M $10.79M $11.56M
YoY Change 8.43% -189.92% 53.98%
Interest Expense $2.052M $2.269M $2.327M
YoY Change -17.76% -12.9% -13.3%
% of Operating Profit 31.89% 21.03% 20.13%
Other Income/Expense, Net -$2.050M -$2.364M -$1.782M
YoY Change -4.7% -4.21% -26.21%
Pretax Income $4.384M $8.427M $9.777M
YoY Change 15.89% -158.24% 92.01%
Income Tax $210.0K $593.0K $700.0K
% Of Pretax Income 4.79% 7.04% 7.16%
Net Earnings $4.174M $7.834M $9.064M
YoY Change 11.69% -155.29% 99.47%
Net Earnings / Revenue 12.2% 22.3% 24.81%
Basic Earnings Per Share $0.09 $0.17 $0.20
Diluted Earnings Per Share $0.08 $0.16 $0.20
COMMON SHARES
Basic Shares Outstanding 48.18M shares 46.27M shares 45.20M shares
Diluted Shares Outstanding 57.39M shares 47.58M shares 46.13M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.83M $52.26M $61.39M
YoY Change 10.39% -3.98% 0.64%
Cash & Equivalents $64.83M $52.26M $61.39M
Short-Term Investments
Other Short-Term Assets $2.720M $3.632M $5.323M
YoY Change -77.69% -71.7% -64.28%
Inventory $14.27M $12.26M $9.480M
Prepaid Expenses
Receivables $44.68M $48.54M $48.92M
Other Receivables $2.619M $1.972M $0.00
Total Short-Term Assets $126.5M $116.7M $125.1M
YoY Change 12.39% -2.23% 0.84%
LONG-TERM ASSETS
Property, Plant & Equipment $935.0K $1.133M $1.329M
YoY Change -44.28% -40.84% -38.81%
Goodwill
YoY Change
Intangibles $191.6M $199.6M $207.6M
YoY Change 6.96% 7.12% 7.24%
Long-Term Investments $1.579M $1.579M $1.579M
YoY Change 0.0% 0.0%
Other Assets $4.298M $4.566M $5.137M
YoY Change -27.63% 2.95% -9.03%
Total Long-Term Assets $196.9M $205.3M $214.0M
YoY Change 5.4% 6.55% 6.29%
TOTAL ASSETS
Total Short-Term Assets $126.5M $116.7M $125.1M
Total Long-Term Assets $196.9M $205.3M $214.0M
Total Assets $323.3M $322.0M $339.1M
YoY Change 8.03% 3.19% 4.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.374M $9.415M $8.523M
YoY Change 9.24% -42.88% -19.66%
Accrued Expenses $10.99M $13.23M $15.39M
YoY Change -20.24% -42.13% -21.37%
Deferred Revenue $200.0K $200.0K $100.0K
YoY Change -33.33% -33.33%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.175M $11.66M $12.27M
YoY Change -82.26% -4.58% -0.54%
Total Short-Term Liabilities $92.30M $116.2M $138.5M
YoY Change -8.14% -0.65% 26.98%
LONG-TERM LIABILITIES
Long-Term Debt $65.98M $49.50M $61.25M
YoY Change -0.64% -25.84% -14.73%
Other Long-Term Liabilities $4.392M $4.698M $4.637M
YoY Change -8.42% -10.97% -56.41%
Total Long-Term Liabilities $70.37M $54.20M $65.89M
YoY Change -1.17% -24.75% -20.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.30M $116.2M $138.5M
Total Long-Term Liabilities $70.37M $54.20M $65.89M
Total Liabilities $188.4M $193.6M $227.3M
YoY Change -6.92% -11.9% 3.25%
SHAREHOLDERS EQUITY
Retained Earnings -$408.2M -$412.3M -$420.2M
YoY Change -5.92% -5.77% -0.76%
Common Stock $5.000K $5.000K $4.000K
YoY Change 25.0% 25.0% -77.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.9M $128.4M $111.9M
YoY Change
Total Liabilities & Shareholders Equity $323.3M $322.0M $339.1M
YoY Change 8.03% 3.19% 4.21%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $4.174M $7.834M $9.064M
YoY Change 11.69% -155.29% 99.47%
Depreciation, Depletion And Amortization $200.0K $200.0K $8.699M
YoY Change 0.0% -33.33% 27.7%
Cash From Operating Activities $10.05M $14.43M $27.43M
YoY Change 115.84% 1438.38% -748.98%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$371.0K -$16.11M -$404.0K
YoY Change
Cash From Investing Activities -$371.0K -$16.11M -$404.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.888M -7.441M -$2.443M
YoY Change -911.24% -2.04% -105.49%
NET CHANGE
Cash From Operating Activities 10.05M 14.43M $27.43M
Cash From Investing Activities -371.0K -16.11M -$404.0K
Cash From Financing Activities 2.888M -7.441M -$2.443M
Net Change In Cash 12.56M -9.125M $24.58M
YoY Change 192.28% 37.05% -38.93%
FREE CASH FLOW
Cash From Operating Activities $10.05M $14.43M $27.43M
Capital Expenditures
Free Cash Flow
YoY Change

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111862000 usd
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7020000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-81000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1734000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7834000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7834000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
128369000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
55514000 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
44861000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-388000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
772000 usd
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4544000 usd
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4544000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
4544000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
105303000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
193000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-19000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
957000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14169000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-14169000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-14169000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
92265000 usd
us-gaap Net Income Loss
NetIncomeLoss
16898000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9625000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16863000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14286000 usd
asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
48000 usd
asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
118000 usd
asrt Fair Value Gain Loss Of Assets And Liabilities
FairValueGainLossOfAssetsAndLiabilities
-2945000 usd
asrt Fair Value Gain Loss Of Assets And Liabilities
FairValueGainLossOfAssetsAndLiabilities
-1602000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2716000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1729000 usd
asrt Provision For Inventory And Other Assets
ProvisionForInventoryAndOtherAssets
259000 usd
asrt Provision For Inventory And Other Assets
ProvisionForInventoryAndOtherAssets
140000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4176000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1118000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5029000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4955000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12108000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6640000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-245000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3933000 usd
asrt Increase Decrease In Accrued Rebates Returns And Discounts
IncreaseDecreaseInAccruedRebatesReturnsAndDiscounts
-331000 usd
asrt Increase Decrease In Accrued Rebates Returns And Discounts
IncreaseDecreaseInAccruedRebatesReturnsAndDiscounts
-18006000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-200000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-50000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
41856000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3262000 usd
asrt Payments For Asset Acquisitions
PaymentsForAssetAcquisitions
16518000 usd
asrt Payments For Asset Acquisitions
PaymentsForAssetAcquisitions
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16518000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11750000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4750000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
3845000 usd
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2495000 usd
asrt Payment For Royalty Rights
PaymentForRoyaltyRights
630000 usd
asrt Payment For Royalty Rights
PaymentForRoyaltyRights
498000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7020000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
44861000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
193000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
679000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
407000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9884000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36904000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15454000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33642000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36810000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20786000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52264000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54428000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-8360000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Interest Paid Net
InterestPaidNet
4748000 usd
us-gaap Interest Paid Net
InterestPaidNet
5216000 usd
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2021, the Company made certain reclassifications within total revenues related to product sales adjustments for previously divested products. Product sales adjustments for previously divested products were reclassified from Product sales, net to Other Revenue on the Condensed Consolidated Statements of Comprehensive Income, which impacted previously reported amounts for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">three and six months ended June 30, 2021. The reclassifications were made so the line-item Product sales, net would reflect net sales of the Company’s current commercialized products. Prior period results were recast to conform with these changes, and resulted in a decrease to Other Revenue and an equal and offsetting increase to Product sales, net of $0.4 million and $0.1 million, respectively, for the three and six months ended June 30, 2021. Total revenue as previously reported remains unchanged.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2022, the Company made certain reclassifications within Selling, general and administrative expenses related to changes in the fair value of contingent considerations. These fair value adjustments were reclassified from Selling, general and administrative expenses to Fair value of contingent consideration on the Condensed Consolidated Statements of Comprehensive Income, which impacted previously reported amounts for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">three and six months ended June 30, 2021. The reclassifications were made to separately state </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">changes in the fair value of contingent considerations from Selling, general and administrative expenses. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Prior period results were recast to conform with these changes, and resulted in a decrease to </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Selling, general and administrative expenses</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and an equal and offsetting increase to </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Fair value of contingent consideration</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of $2.2 million and $1.6 million for the three and six months ended June 30, 2021. Total cost and expenses and Income (loss) from operations as previously reported remains unchanged.</span></div>
CY2022Q2 asrt Deferred Payments For Asset Acquisitions
DeferredPaymentsForAssetAcquisitions
16000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35131000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
25373000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71670000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
52213000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
300000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
300000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
200000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
48537000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44361000 usd
CY2022Q2 asrt Accounts Receivable Allowance For Cash Discount
AccountsReceivableAllowanceForCashDiscount
900000 usd
CY2021Q4 asrt Accounts Receivable Allowance For Cash Discount
AccountsReceivableAllowanceForCashDiscount
900000 usd
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1433000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
1242000 usd
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1949000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
823000 usd
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8877000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5424000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
12259000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
7489000 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2500000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3700000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12541000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13276000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11408000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11749000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1133000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1527000 usd
CY2022Q2 us-gaap Depreciation
Depreciation
200000 usd
us-gaap Depreciation
Depreciation
400000 usd
CY2021Q2 us-gaap Depreciation
Depreciation
300000 usd
us-gaap Depreciation
Depreciation
500000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
315796000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
116211000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
199585000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
315796000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
99742000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
216054000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16500000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13800000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15936000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23924000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
23924000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
23924000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23924000 usd
CY2022Q2 asrt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
87953000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
199585000 usd
CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
1579000 usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
1579000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
428000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
735000 usd
CY2022Q2 asrt Prepaid Expense And Deposit Assets Noncurrent
PrepaidExpenseAndDepositAssetsNoncurrent
1862000 usd
CY2021Q4 asrt Prepaid Expense And Deposit Assets Noncurrent
PrepaidExpenseAndDepositAssetsNoncurrent
2456000 usd
CY2022Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
697000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
698000 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4566000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5468000 usd
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
1900000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2889000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4122000 usd
CY2022Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
338000 usd
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
828000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7974000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8062000 usd
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1486000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1687000 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
545000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
0 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13232000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
14699000 usd
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61162000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
73493000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
11662000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12174000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
49500000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
61319000 usd
CY2022Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2248000 usd
CY2021Q2 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
2557000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
4547000 usd
us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
5170000 usd
CY2022Q2 asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
21000 usd
CY2021Q2 asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
48000 usd
asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
48000 usd
asrt Amortization Of Royalty Rights
AmortizationOfRoyaltyRights
118000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2269000 usd
CY2021Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
2605000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
4595000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
5288000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1462000 usd
asrt Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
1 renewal_option
CY2022Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2022Q1 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
600000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
187000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
239000 usd
us-gaap Lease Cost
LeaseCost
375000 usd
us-gaap Lease Cost
LeaseCost
497000 usd
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
530000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
697000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1060000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1083000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1978000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
207000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
397000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1290000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2375000 usd
CY2022Q2 asrt Purchase Obligation Percentage
PurchaseObligationPercentage
0.75
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3200000 usd
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
3400000 usd
CY2021Q1 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
5000000 usd
CY2022Q2 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
2000000 usd
CY2022Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1800000 usd
CY2022Q2 us-gaap Severance Costs1
SeveranceCosts1
0 usd
CY2021Q2 us-gaap Severance Costs1
SeveranceCosts1
0 usd
us-gaap Severance Costs1
SeveranceCosts1
0 usd
us-gaap Severance Costs1
SeveranceCosts1
876000 usd
CY2022Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
CY2021Q2 us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
0 usd
us-gaap Other Restructuring Costs
OtherRestructuringCosts
213000 usd
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2021Q2 us-gaap Restructuring Charges
RestructuringCharges
0 usd
us-gaap Restructuring Charges
RestructuringCharges
0 usd
us-gaap Restructuring Charges
RestructuringCharges
1089000 usd
CY2021Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
8750000 shares
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
828000 usd
CY2022Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
340000 usd
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
488000 usd
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
150000 usd
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
338000 usd
CY2021Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
5650000 shares
CY2021Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
2.48
CY2021Q1 asrt Sale Of Stock Consideration Received On Transaction Gross
SaleOfStockConsiderationReceivedOnTransactionGross
14000000 usd
CY2021Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
13100000 usd
CY2021Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
3.92
CY2021Q1 asrt Sale Of Stock Consideration Received On Transaction Gross
SaleOfStockConsiderationReceivedOnTransactionGross
34300000 usd
CY2021Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
32200000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
400000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
1200000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
400000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1200000 shares
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7834000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-14169000 usd
us-gaap Net Income Loss
NetIncomeLoss
16898000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9625000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46274000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44706000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45746000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41321000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.23
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
7834000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-14169000 usd
us-gaap Net Income Loss
NetIncomeLoss
16898000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9625000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46274000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44706000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45746000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41321000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1305000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1111000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.23
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2124000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2928000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1614000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2903000 shares
CY2022Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1300000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2900000 usd
CY2021Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
2200000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1600000 usd
CY2022Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000 usd
CY2022Q2 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
8300000 usd

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asrt-20220630_htm.xml Edgar Link completed
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asrt-20220630_pre.xml Edgar Link unprocessable
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asrt-20220630_lab.xml Edgar Link unprocessable
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