2021 Q4 Form 10-K Financial Statement

#000139681422000021 Filed on February 28, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $159.2M $541.5M $131.0M
YoY Change 21.55% 26.04% 6.98%
Cost Of Revenue $39.01M $140.3M $35.30M
YoY Change 10.51% 19.54% 10.64%
Gross Profit $120.2M $401.3M $95.68M
YoY Change 25.62% 28.48% 5.7%
Gross Profit Margin 75.5% 74.1% 73.05%
Selling, General & Admin $51.20M $199.3M $52.80M
YoY Change -3.02% 3.01% -2.58%
% of Gross Profit 42.6% 49.68% 55.19%
Research & Development $15.51M $55.55M $15.30M
YoY Change 1.4% -6.52% -22.34%
% of Gross Profit 12.91% 13.84% 15.99%
Depreciation & Amortization $13.07M $28.55M $5.060M
YoY Change 158.3% 43.4% -0.59%
% of Gross Profit 10.87% 7.11% 5.29%
Operating Expenses $74.37M $254.9M $70.10M
YoY Change 6.09% 0.77% -41.93%
Operating Profit $45.82M $89.92M $25.58M
YoY Change 79.14% 94.01% -184.71%
Interest Expense -$10.34M $31.75M -$6.400M
YoY Change 61.61% 23.68% 48.84%
% of Operating Profit -22.57% 35.31% -25.02%
Other Income/Expense, Net -$66.00K -$33.52M $300.0K
YoY Change -122.0% 27.64% -133.33%
Pretax Income -$6.198M $56.40M $12.70M
YoY Change -148.8% 180.77% -462.86%
Income Tax -$1.068M $14.40M -$1.800M
% Of Pretax Income 25.53% -14.17%
Net Earnings -$5.130M $41.98M $14.51M
YoY Change -135.35% -71.15% -396.93%
Net Earnings / Revenue -3.22% 7.75% 11.08%
Basic Earnings Per Share $0.95 $0.33
Diluted Earnings Per Share -$115.0K $0.92 $0.32
COMMON SHARES
Basic Shares Outstanding 44.54M shares 44.26M shares 43.44M shares
Diluted Shares Outstanding 45.63M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $656.4M $656.4M $521.7M
YoY Change 25.82% 25.82% 78.66%
Cash & Equivalents $585.6M $585.6M $99.96M
Short-Term Investments $70.83M $70.83M $421.7M
Other Short-Term Assets $14.77M $14.77M $12.30M
YoY Change 20.09% 20.09% 13.89%
Inventory $98.55M $98.55M $64.65M
Prepaid Expenses
Receivables $96.32M $96.32M $53.05M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $866.0M $866.0M $651.6M
YoY Change 32.91% 32.91% 59.49%
LONG-TERM ASSETS
Property, Plant & Equipment $188.4M $264.8M $136.7M
YoY Change 37.83% 25.38% 30.58%
Goodwill $145.2M $99.55M
YoY Change 45.86% 0.0%
Intangibles $624.0M $96.52M
YoY Change 546.46% -7.54%
Long-Term Investments $21.99M $21.99M $109.5M
YoY Change -79.92% -79.92% 995.0%
Other Assets $153.4M $153.4M $106.2M
YoY Change 44.41% 44.41%
Total Long-Term Assets $1.209B $1.209B $622.9M
YoY Change 94.14% 94.14% 47.43%
TOTAL ASSETS
Total Short-Term Assets $866.0M $866.0M $651.6M
Total Long-Term Assets $1.209B $1.209B $622.9M
Total Assets $2.075B $2.075B $1.275B
YoY Change 62.83% 62.84% 53.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.54M $10.54M $10.43M
YoY Change 1.07% 1.38% -18.5%
Accrued Expenses $127.6M $126.5M $70.97M
YoY Change 79.72% 66.0% 0.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $149.6M
YoY Change -100.0% -100.0%
Long-Term Debt Due $374.7M $374.7M $149.6M
YoY Change 150.47% 150.47%
Total Short-Term Liabilities $521.1M $521.1M $253.3M
YoY Change 105.71% 105.73% 135.28%
LONG-TERM LIABILITIES
Long-Term Debt $674.5M $674.5M $313.0M
YoY Change 115.5% 115.5% 2.29%
Other Long-Term Liabilities $19.97M $149.3M $3.832M
YoY Change 421.19% 68.7% 155.13%
Total Long-Term Liabilities $19.97M $823.8M $3.832M
YoY Change 421.19% 105.19% 155.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $521.1M $521.1M $253.3M
Total Long-Term Liabilities $19.97M $823.8M $3.832M
Total Liabilities $1.345B $1.345B $654.8M
YoY Change 105.39% 105.4% 37.53%
SHAREHOLDERS EQUITY
Retained Earnings -$211.9M -$253.9M
YoY Change -16.54% -36.44%
Common Stock $45.00K $44.00K
YoY Change 2.27% 4.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $730.4M $730.4M $619.7M
YoY Change
Total Liabilities & Shareholders Equity $2.075B $2.075B $1.275B
YoY Change 62.83% 62.84% 53.36%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$5.130M $41.98M $14.51M
YoY Change -135.35% -71.15% -396.93%
Depreciation, Depletion And Amortization $13.07M $28.55M $5.060M
YoY Change 158.3% 43.4% -0.59%
Cash From Operating Activities $23.22M $125.7M $46.66M
YoY Change -50.25% 63.2% 80.15%
INVESTING ACTIVITIES
Capital Expenditures -$9.166M $45.87M -$14.41M
YoY Change -36.39% 21.34% 220.22%
Acquisitions $0.00
YoY Change
Other Investing Activities $76.08M $25.08M -$67.91M
YoY Change -212.04% -110.46% 158.21%
Cash From Investing Activities $66.92M -$20.79M -$82.32M
YoY Change -181.29% -92.51% 167.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 361.4M $380.7M 10.36M
YoY Change 3388.5% 71.25% -612.87%
NET CHANGE
Cash From Operating Activities 23.22M $125.7M 46.66M
Cash From Investing Activities 66.92M -$20.79M -82.32M
Cash From Financing Activities 361.4M $380.7M 10.36M
Net Change In Cash 451.5M $485.6M -25.30M
YoY Change -1884.75% 2134.9% 265.61%
FREE CASH FLOW
Cash From Operating Activities $23.22M $125.7M $46.66M
Capital Expenditures -$9.166M $45.87M -$14.41M
Free Cash Flow $32.38M $79.85M $61.07M
YoY Change -46.98% 103.54% 100.89%

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<div style="margin-bottom:8pt;margin-top:8pt"><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-bottom:8pt;margin-top:8pt;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 financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, including disclosure of contingent assets and contingent liabilities, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for, among other things, revenue recognition, purchase price allocation, stock-based compensation, inventory costs, impairments of equity investments, long-lived assets, goodwill, liabilities and accruals, including contingent consideration, </span></div>convertible senior notes, and the valuation of deferred tax assets. The Company’s critical accounting policies are those that are both most important to the Company’s consolidated financial condition and results of operations and require the most difficult, subjective or complex judgments on the part of management in their application, often as a result of the need to make estimates about the effect of matters that are inherently uncertain. Because of the uncertainty of factors surrounding the estimates or judgments used in the preparation of the consolidated financial statements, actual results could differ from these estimates.
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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42191000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
41605000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M7D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y2M4D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0696
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0687
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13171000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
13292000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13422000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12561000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
12296000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
39423000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
104165000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
24547000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
79618000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
99547000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0 USD
CY2020Q4 us-gaap Goodwill
Goodwill
99547000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
145175000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
590090000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27122000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
562968000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
651090000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27122000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
623968000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
110090000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13569000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
96521000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13600000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7900000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period1
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod1
57400000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period3
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod3
57300000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period2
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod2
57300000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period4
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod4
36900000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period5
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod5
7900000 USD
CY2021Q4 pcrx Finite Lived Intangible Assets Amortization Expense Per Year Period6
FiniteLivedIntangibleAssetsAmortizationExpensePerYearPeriod6
2200000 USD
CY2021Q4 pcrx Accruedsellinggeneralandadministrativeexpenses
Accruedsellinggeneralandadministrativeexpenses
12063000 USD
CY2020Q4 pcrx Accruedsellinggeneralandadministrativeexpenses
Accruedsellinggeneralandadministrativeexpenses
23288000 USD
CY2021Q4 pcrx Accruedresearchanddevelopmentexpenses
Accruedresearchanddevelopmentexpenses
5480000 USD
CY2020Q4 pcrx Accruedresearchanddevelopmentexpenses
Accruedresearchanddevelopmentexpenses
6682000 USD
CY2021Q4 pcrx Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
14912000 USD
CY2020Q4 pcrx Accrued Operating Expenses Current
AccruedOperatingExpensesCurrent
11196000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
45491000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
22202000 USD
CY2021Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
35298000 USD
CY2020Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
3040000 USD
CY2021Q4 pcrx Accrued End Of Term Fee Current
AccruedEndOfTermFeeCurrent
5358000 USD
CY2020Q4 pcrx Accrued End Of Term Fee Current
AccruedEndOfTermFeeCurrent
2376000 USD
CY2021Q4 pcrx Product Returns Rebatesand Other Fees
ProductReturnsRebatesandOtherFees
8953000 USD
CY2020Q4 pcrx Product Returns Rebatesand Other Fees
ProductReturnsRebatesandOtherFees
2190000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
127555000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
70974000 USD
CY2021Q4 pcrx Debt Instrument Prepayment Penalty Percent Year1
DebtInstrumentPrepaymentPenaltyPercentYear1
0.03
CY2021Q4 pcrx Debt Instrument Prepayment Penalty Percent Year2
DebtInstrumentPrepaymentPenaltyPercentYear2
0.02
CY2021Q4 pcrx Debt Instrument Prepayment Penalty Percent Year4 And Thereafter
DebtInstrumentPrepaymentPenaltyPercentYear4AndThereafter
0.01
CY2021 pcrx Settlement Period Convertible Debt Conversion Request
SettlementPeriodConvertibleDebtConversionRequest
P40D
CY2021 pcrx Deferred Tax Expense Associated To The Equity Component Of Convertible Debt
DeferredTaxExpenseAssociatedToTheEquityComponentOfConvertibleDebt
20500000 USD
CY2021 pcrx Amortization Period Of Transaction Costs Attributable To Liability Component Of Convertible Debt
AmortizationPeriodOfTransactionCostsAttributableToLiabilityComponentOfConvertibleDebt
P5Y
CY2021 pcrx Transaction Costs Attributable To The Equity Component Of Convertible Debt
TransactionCostsAttributableToTheEquityComponentOfConvertibleDebt
2700000 USD
CY2017Q1 pcrx Settlement Period Convertible Debt Conversion Request
SettlementPeriodConvertibleDebtConversionRequest
P40D
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
9759000 USD
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
7650000 USD
CY2019 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
8195000 USD
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2754000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2156000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1707000 USD
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
23152000 USD
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
18254000 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13746000 USD
CY2021 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
3915000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
2389000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
20000 USD
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
31750000 USD
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
25671000 USD
CY2019 us-gaap Interest Expense Debt
InterestExpenseDebt
23628000 USD
CY2021 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0666
CY2020 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0715
CY2019 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0781
CY2021Q4 us-gaap Share Price
SharePrice
60.17
CY2021Q2 pcrx Sharebased Compensation Arrangementby Sharebased Payment Award Increase In Numberof Shares Authorized
SharebasedCompensationArrangementbySharebasedPaymentAwardIncreaseInNumberofSharesAuthorized
1500000 shares
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
70651000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
182000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
70831000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
516845000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
350000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
517164000 USD
CY2021Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
100000 USD
CY2020Q4 us-gaap Accrued Investment Income Receivable
AccruedInvestmentIncomeReceivable
1600000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
2600000 USD
CY2021 pcrx Number Of Major Customers
NumberOfMajorCustomers
4 customer
CY2020 pcrx Number Of Major Customers
NumberOfMajorCustomers
3 customer
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
44734308 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
44734308 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43636929 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
43636929 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 pcrx Employee Stock Purchase Plan Espp Sharesin Espp
EmployeeStockPurchasePlanESPPSharesinESPP
500000 shares
CY2021Q4 pcrx Maximum Fair Market Value Purchaseof Espp Shares
MaximumFairMarketValuePurchaseofESPPShares
25000 USD
CY2021Q4 pcrx Employee Stock Purchase Planfairvalue
EmployeeStockPurchasePlanfairvalue
0.85
CY2021 pcrx Stock Purchased And Issued During Period Shares Employee Stock Purchase Plans
StockPurchasedAndIssuedDuringPeriodSharesEmployeeStockPurchasePlans
55483 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
14606701 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
12461531 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2145170 shares
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42246000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39920000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33650000 USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42246000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39920000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33650000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8989000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8578000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
41980000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
145523000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-11016000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44262000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42671000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41513000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45630000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43682000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41513000 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.41
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.33
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2270000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4352000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7044000 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
64751000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
17000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-7026000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-8348000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3089000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-3722000 USD
CY2021 pcrx Income Lossfrom Continuing Operationsbefore Income Taxes Total
IncomeLossfromContinuingOperationsbeforeIncomeTaxesTotal
56403000 USD
CY2020 pcrx Income Lossfrom Continuing Operationsbefore Income Taxes Total
IncomeLossfromContinuingOperationsbeforeIncomeTaxesTotal
20089000 USD
CY2019 pcrx Income Lossfrom Continuing Operationsbefore Income Taxes Total
IncomeLossfromContinuingOperationsbeforeIncomeTaxesTotal
-10748000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-6000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3533000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1185000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2096000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
19000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3552000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1179000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2096000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12554000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-99164000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1828000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1682000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-27449000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10872000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-126613000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1828000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14424000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-125434000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
268000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14400000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-125400000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0382
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0315
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0733
CY2021 pcrx Effective Income Tax Rate Reconciliation Foreign
EffectiveIncomeTaxRateReconciliationForeign
-0.0115
CY2020 pcrx Effective Income Tax Rate Reconciliation Foreign
EffectiveIncomeTaxRateReconciliationForeign
0.0318
CY2019 pcrx Effective Income Tax Rate Reconciliation Foreign
EffectiveIncomeTaxRateReconciliationForeign
-0.0395
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0655
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-6.4787
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.1976
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0380
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.0108
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.1053
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0300
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0792
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.1993
CY2021 pcrx Effect Of State Blended Tax Rate Changes Expense Benefit
EffectOfStateBlendedTaxRateChangesExpenseBenefit
0
CY2020 pcrx Effect Of State Blended Tax Rate Changes Expense Benefit
EffectOfStateBlendedTaxRateChangesExpenseBenefit
0
CY2019 pcrx Effect Of State Blended Tax Rate Changes Expense Benefit
EffectOfStateBlendedTaxRateChangesExpenseBenefit
-0.0042
CY2021 pcrx Effective Income Tax Rate Reconciliation Convertible Senior Notes Refinancing
EffectiveIncomeTaxRateReconciliationConvertibleSeniorNotesRefinancing
0
CY2020 pcrx Effective Income Tax Rate Reconciliation Convertible Senior Notes Refinancing
EffectiveIncomeTaxRateReconciliationConvertibleSeniorNotesRefinancing
-0.0522
CY2019 pcrx Effective Income Tax Rate Reconciliation Convertible Senior Notes Refinancing
EffectiveIncomeTaxRateReconciliationConvertibleSeniorNotesRefinancing
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0513
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0455
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.1358
CY2021 pcrx Effective Income Tax Rate Reconciliation Tax Reserves Percent
EffectiveIncomeTaxRateReconciliationTaxReservesPercent
-0.0131
CY2020 pcrx Effective Income Tax Rate Reconciliation Tax Reserves Percent
EffectiveIncomeTaxRateReconciliationTaxReservesPercent
0.0766
CY2019 pcrx Effective Income Tax Rate Reconciliation Tax Reserves Percent
EffectiveIncomeTaxRateReconciliationTaxReservesPercent
-0.1541
CY2021 pcrx Effective Income Tax Rate Reconciliation338g Election Percent
EffectiveIncomeTaxRateReconciliation338gElectionPercent
0
CY2020 pcrx Effective Income Tax Rate Reconciliation338g Election Percent
EffectiveIncomeTaxRateReconciliation338gElectionPercent
0
CY2019 pcrx Effective Income Tax Rate Reconciliation338g Election Percent
EffectiveIncomeTaxRateReconciliation338gElectionPercent
-0.0961
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.0167
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.0184
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.0235
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2557
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-6.2439
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0249
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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200000 USD
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CY2019Q1 pcrx Litigation Investigation Term
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3500000 USD

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