2023 Q1 Form 10-K Financial Statement

#000162828023004698 Filed on February 23, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $300.8M $263.2M $935.1M
YoY Change 44.0% 103.12% 119.91%
Cost Of Revenue $223.7M $96.00M $353.4M
YoY Change 180.3% 33.97% 48.77%
Gross Profit $77.08M $167.2M $581.7M
YoY Change -40.28% 188.68% 209.92%
Gross Profit Margin 25.63% 63.52% 62.21%
Selling, General & Admin $55.89M $66.62M $233.8M
YoY Change -3.54% -18.71% 6.86%
% of Gross Profit 72.51% 39.85% 40.2%
Research & Development $30.53M $272.2M $311.7M
YoY Change 150.2% 2310.57% 593.15%
% of Gross Profit 39.61% 162.84% 53.58%
Depreciation & Amortization $14.62M $11.88M $47.93M
YoY Change 24.0% -2.61% 13.34%
% of Gross Profit 18.96% 7.11% 8.24%
Operating Expenses $86.42M $338.8M $545.5M
YoY Change 23.2% 263.39% 106.8%
Operating Profit -$9.344M -$171.7M $36.20M
YoY Change -115.86% 385.81% -159.51%
Interest Expense $4.991M -$586.0K $7.185M
YoY Change 230.75% -64.27% -7.31%
% of Operating Profit 19.85%
Other Income/Expense, Net $3.231M -$3.392M -$1.703M
YoY Change 566.19% -15.81% -76.83%
Pretax Income -$11.10M -$176.2M $26.72M
YoY Change -119.18% 329.79% -135.61%
Income Tax -$8.297M -$57.06M -$1.348M
% Of Pretax Income -5.05%
Net Earnings -$2.807M -$119.2M $28.07M
YoY Change -106.53% 196.37% -139.38%
Net Earnings / Revenue -0.93% -45.29% 3.0%
Basic Earnings Per Share -$0.04 $0.41
Diluted Earnings Per Share -$0.04 -$1.74 $0.40
COMMON SHARES
Basic Shares Outstanding 67.54M shares 68.83M shares 68.49M shares
Diluted Shares Outstanding 67.75M shares 70.67M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $470.9M $415.7M $415.7M
YoY Change 346.93% 321.95% 321.95%
Cash & Equivalents $470.9M $415.7M $415.7M
Short-Term Investments
Other Short-Term Assets $10.95M $13.09M $13.09M
YoY Change -14.86% 2.14% 2.14%
Inventory $42.16M $35.48M $35.48M
Prepaid Expenses $12.89M
Receivables $242.1M $213.4M $213.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $773.3M $677.6M $677.6M
YoY Change 138.12% 187.38% 187.38%
LONG-TERM ASSETS
Property, Plant & Equipment $127.5M $122.2M $141.2M
YoY Change 8.99% 4.62% 12.46%
Goodwill $61.19M $61.19M
YoY Change 0.0% 0.0%
Intangibles $219.9M $315.3M
YoY Change -35.37% -9.53%
Long-Term Investments
YoY Change
Other Assets $33.61M $34.36M $126.0M
YoY Change -20.36% -11.36% 35.84%
Total Long-Term Assets $576.0M $643.6M $643.6M
YoY Change -5.33% 2.49% 2.49%
TOTAL ASSETS
Total Short-Term Assets $773.3M $677.6M $677.6M
Total Long-Term Assets $576.0M $643.6M $643.6M
Total Assets $1.349B $1.321B $1.321B
YoY Change 44.59% 52.96% 52.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.80M $20.56M $20.56M
YoY Change 37.6% -1.08% -1.08%
Accrued Expenses $197.1M $203.4M $203.4M
YoY Change 44.37% 250.34% 274.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $422.0K $354.0K $354.0K
YoY Change -96.72% -96.96% -96.96%
Total Short-Term Liabilities $276.4M $247.7M $247.7M
YoY Change 55.57% 173.71% 173.71%
LONG-TERM LIABILITIES
Long-Term Debt $558.5M $557.7M $557.7M
YoY Change 250.47% 241.9% 241.9%
Other Long-Term Liabilities $46.21M $46.16M $68.70M
YoY Change -21.38% -63.04% -52.86%
Total Long-Term Liabilities $46.21M $603.9M $626.4M
YoY Change -21.38% 109.67% 102.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $276.4M $247.7M $247.7M
Total Long-Term Liabilities $46.21M $603.9M $626.4M
Total Liabilities $903.8M $874.1M $874.1M
YoY Change 116.57% 118.89% 118.89%
SHAREHOLDERS EQUITY
Retained Earnings -$196.0M -$193.2M
YoY Change 9.93% -12.69%
Common Stock $717.9M $716.6M
YoY Change 3.71% 4.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $75.00M $75.00M
YoY Change
Treasury Stock Shares 1.339M shares
Shareholders Equity $445.5M $447.1M $447.1M
YoY Change
Total Liabilities & Shareholders Equity $1.349B $1.321B $1.321B
YoY Change 44.59% 52.96% 52.96%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.807M -$119.2M $28.07M
YoY Change -106.53% 196.37% -139.38%
Depreciation, Depletion And Amortization $14.62M $11.88M $47.93M
YoY Change 24.0% -2.61% 13.34%
Cash From Operating Activities $108.5M $105.4M $281.8M
YoY Change 957.09% 658.53% 422.63%
INVESTING ACTIVITIES
Capital Expenditures $9.168M $4.724M $18.35M
YoY Change -387.4% -203.96% -251.13%
Acquisitions
YoY Change
Other Investing Activities -$35.35M -$260.0M -$258.2M
YoY Change -2063.61% -1731.8%
Cash From Investing Activities -$44.51M -$264.7M -$276.5M
YoY Change 3102.37% 5725.79% -7608.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $73.63M
YoY Change 9499.09%
Debt Paid & Issued, Net $297.0K $175.4M
YoY Change -88.62% 304.6%
Cash From Financing Activities -$8.669M 317.8M $311.7M
YoY Change 297.84% -15235.24% -892.46%
NET CHANGE
Cash From Operating Activities $108.5M 105.4M $281.8M
Cash From Investing Activities -$44.51M -264.7M -$276.5M
Cash From Financing Activities -$8.669M 317.8M $311.7M
Net Change In Cash $55.22M 158.5M $316.6M
YoY Change 706.6% 2087.27% 1663.05%
FREE CASH FLOW
Cash From Operating Activities $108.5M $105.4M $281.8M
Capital Expenditures $9.168M $4.724M $18.35M
Free Cash Flow $99.33M $100.6M $263.4M
YoY Change 638.31% 445.91% 298.8%

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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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CY2021 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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316590000 usd
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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100651000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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82694000 usd
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6284000 usd
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315000 usd
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CY2022 us-gaap Income Taxes Paid Net
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54049000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
215000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
340000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2370000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1262000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2227000 usd
CY2022 lnth Consideration Transferred In Acquisition
ConsiderationTransferredInAcquisition
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CY2021 lnth Consideration Transferred In Acquisition
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CY2020 lnth Consideration Transferred In Acquisition
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CY2022 us-gaap Nature Of Operations
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Description of Business<div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Lantheus Holdings, Inc., a Delaware corporation, is the parent company of Lantheus Medical Imaging, Inc. (“LMI”) and LMI is the parent company of Progenics Pharmaceuticals, Inc., a Delaware corporation (“Progenics”). See “Progenics Acquisition”.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company develops, manufactures and commercializes innovative diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of cancer, heart disease and other diseases. The Company believes its diagnostic products result in improved diagnostic information that enables healthcare providers to better detect and characterize, or rule out, disease, potentially achieving improved patient outcomes, reducing patient risk and limiting overall costs throughout the healthcare system.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s commercial products are used by oncologists, urologists, nuclear medicine physicians, cardiologists, sonographers, technologists, radiologists, and internal medicine physicians working in a variety of clinical settings. </span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company produces and markets its products throughout the U.S., selling primarily to hospitals, independent diagnostic testing facilities, government facilities, integrated delivery networks, radiopharmacies, clinics, and group practices. The Company sells its products outside the U.S. through a combination of direct distribution in Canada and third party distribution relationships in Europe, Canada, Australia, Asia-Pacific, Central America and South America.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Sales of the Company’s prostate cancer diagnostic imaging agent, PYLARIFY (as defined below), are generated in the U.S. through a PYLARIFY direct sales team and a sales team at some of our positron emission tomography (“PET”) manufacturing facilities (“PMF”) partners. Sales of the Company’s ultrasound enhancing agent, DEFINITY, are generated in the U.S. and Canada through a DEFINITY direct sales team. In the U.S., the Company’s other nuclear imaging products, including TechneLite, Xenon, NEUROLITE and CARDIOLITE, are primarily sold to commercial radiopharmacies, the majority of which are controlled by or associated with Cardinal, RLS, UPPI, PharmaLogic and Jubilant Radiopharma. A small portion of the Company’s nuclear imaging product sales in the U.S. are generated through the Company’s direct sales force to hospitals and clinics that maintain their own in-house radiopharmaceutical preparation capabilities. We have licensed RELISTOR to Bausch, and the Company collects quarterly royalties based on those sales. AZEDRA sales are generated in the U.S. through an AZEDRA direct sales team.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company also maintains its own direct sales force in Canada for certain of its products. In Europe, Australia, Asia-Pacific, Central America and South America, the Company generally relies on third party distributors to market, sell and distribute its nuclear imaging and ultrasound enhancing agent products, either on a country-by-country basis or on a multi-country regional basis. The Company’s executive offices are located in Bedford, MA, with additional offices in North Billerica, MA, Somerset, NJ, Montreal, Canada and Lund, Sweden.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Progenics Acquisition</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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”).</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 determined that the aggregate payment obligation under the CVRs was $99.7 million. The Company expects to make that payment during 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.</span></div>
CY2020Q1 lnth Business Combination Consideration Transferred Equity Interests Issued And Issuable Shares
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuableShares
26844877 shares
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CY2022 us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The estimates reflected in the Company’s consolidated financial statements include, but are not limited to, certain judgments regarding revenue recognition, goodwill, tangible and intangible asset valuation, inventory valuation, asset retirement obligations, contingent assets and liabilities, income tax liabilities and related indemnification receivable, deferred tax assets and liabilities and accrued expenses. Actual results could materially differ from those estimates or assumptions.</span></div>
CY2020 us-gaap Goodwill Impairment Loss
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0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Concentration Risk Credit Risk
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Risks and Limited Suppliers</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of trade accounts receivable. The Company periodically reviews its accounts receivable for collectability and provides for an allowance for doubtful accounts to the extent that amounts are not expected to be collected. The Company sells primarily to hospitals, independent diagnostic testing facilities, government facilities, integrated delivery networks, radiopharmacies, clinics, and group practices.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022 and 2021, no customer accounted for greater than 10% of accounts receivable, net. No customer accounted for greater than 10% of revenues for the years ended December 31, 2022, 2021 and 2020.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company relies on certain materials used in its development and manufacturing processes, some of which are procured from only one or a few sources. The failure of one of these suppliers to deliver on schedule could delay or interrupt the manufacturing or commercialization process and would adversely affect the Company’s operating results. In addition, a disruption in the commercial supply of, or a significant increase in the cost of one of the Company’s materials from these sources could have a material adverse effect on the Company’s business, financial position and results of operations.</span></div><div style="margin-top:12pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company currently relies on JHS as its significant manufacturer of DEFINITY and its sole source manufacturer of NEUROLITE, CARDIOLITE and evacuation vials for TechneLite. The Company has Mo-99 supply agreements with IRE of Belgium, running through December 31, 2023, with auto-renewal provisions and terminable upon notice of non-renewal, and with NTP and its subcontractor ANSTO, running through December 31, 2024.</span></div>
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2600000 usd
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CY2021 us-gaap Advertising Expense
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17500000 usd
CY2020 us-gaap Advertising Expense
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5200000 usd
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5494000 usd
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CY2022Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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CY2022Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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CY2022Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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CY2022Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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CY2022Q1 us-gaap Litigation Settlement Amount Awarded From Other Party
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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19058224000 usd
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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17.83
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1600000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
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7000000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y2M12D
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1330374 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
19.04
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
30.81
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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StockRepurchasedDuringPeriodShares
1300000 shares
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CY2021 us-gaap Stock Repurchased During Period Shares
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CY2022Q4 lnth Number Of Operating Leases
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OperatingLeaseRightOfUseAsset
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OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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FinanceLeaseRightOfUseAsset
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LeaseRightOfUseAsset
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LeaseRightOfUseAsset
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2177000 usd
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OperatingLeaseLiabilityCurrent
1599000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
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FinanceLeaseLiabilityCurrent
392000 usd
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25442000 usd
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OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
231000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
299000 usd
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LeaseLiability
28204000 usd
CY2021Q4 lnth Lease Liability
LeaseLiability
18836000 usd
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LessorOperatingLeaseTermOfContract
P9Y
CY2021 us-gaap Impairment Lessor Asset Under Operating Lease
ImpairmentLessorAssetUnderOperatingLease
9500000 usd
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OperatingLeaseCost
1797000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
2312000 usd
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FinanceLeaseRightOfUseAssetAmortization
426000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
330000 usd
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FinanceLeaseInterestExpense
28000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
0 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
8000 usd
CY2022 us-gaap Lease Cost
LeaseCost
2251000 usd
CY2021 us-gaap Lease Cost
LeaseCost
2678000 usd
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y2M12D
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OperatingLeaseWeightedAverageDiscountRatePercent
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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0.044
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2440000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2071000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
28000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
28000 usd
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FinanceLeasePrincipalPayments
384000 usd
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
339000 usd
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
683000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
582000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
556000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
13599000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3462000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
366000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3887000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
203000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4147000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
49000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4245000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4381000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33721000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
618000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6102000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
33000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
27619000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
585000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12887000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
10113000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
0 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
2500000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
205000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
205000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
13092000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12818000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19033000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8788000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Asset Noncurrent
BusinessCombinationContingentConsiderationAssetNoncurrent
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CY2021Q4 us-gaap Business Combination Contingent Consideration Asset Noncurrent
BusinessCombinationContingentConsiderationAssetNoncurrent
6800000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
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15322000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
23170000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34355000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
38758000 usd
CY2022 us-gaap Net Income Loss
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28067000 usd
CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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-13473000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68487000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67486000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54134000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
439000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 lnth Incremental Common Shares Attributable To Restricted Stock Awards
IncrementalCommonSharesAttributableToRestrictedStockAwards
1745000 shares
CY2021 lnth Incremental Common Shares Attributable To Restricted Stock Awards
IncrementalCommonSharesAttributableToRestrictedStockAwards
0 shares
CY2020 lnth Incremental Common Shares Attributable To Restricted Stock Awards
IncrementalCommonSharesAttributableToRestrictedStockAwards
0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70671000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67486000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54134000 shares
CY2022 us-gaap Earnings Per Share Basic
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0.41
CY2021 us-gaap Earnings Per Share Basic
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-1.06
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-0.25
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2021 us-gaap Earnings Per Share Diluted
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-1.06
CY2020 us-gaap Earnings Per Share Diluted
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-0.25
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
358000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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2893000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3175000 shares
CY2022Q4 us-gaap Purchase Obligation Due In Next Twelve Months
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5716000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Second Year
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2716000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Third Year
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2716000 usd
CY2022Q4 us-gaap Purchase Obligation Due In Fourth Year
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2716000 usd
CY2022Q4 lnth Purchase Obligation To Be Paid Year Five And Thereafter
PurchaseObligationToBePaidYearFiveAndThereafter
2716000 usd
CY2022Q4 us-gaap Purchase Obligation
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16580000 usd
CY2022Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
100000 usd
CY2022Q4 lnth Contingent Payments Under Companys License Agreements
ContingentPaymentsUnderCompanysLicenseAgreements
200000000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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3100000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2600000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
800000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment

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