Balance Sheet Components (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Balance Sheet Components |
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| Schedule of allowances for credit losses related to trade accounts receivable and other receivables |
The following is a roll-forward of the allowances for doubtful accounts related to trade accounts receivable for the three months ended March 31, 2024 and 2023: | | | | | | | | | Three Months Ended | | | March 31, | | | 2024 | | 2023 | | | | | (in thousands) | Beginning balance | | $ | 6,481 | | $ | 3,830 | Provision for doubtful accounts | | | 929 | | | 1,304 | Write-offs | | | (158) | | | — | Total | | $ | 7,252 | | $ | 5,134 |
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| Schedule of property and equipment |
| | | | | | | | | March 31, | | December 31, | | Useful Life | 2024 | | 2023 | | | (in thousands) | Machinery and equipment | 3-5 years | $ | 90,737 | | $ | 85,626 | Computer equipment | 3 years | | 2,000 | | | 1,850 | Purchased and capitalized software held for internal use | 3 years | | 11,116 | | | 11,636 | Leasehold improvements | Lesser of useful life or lease term | | 47,478 | | | 38,999 | Construction-in-process | | | 33,192 | | | 29,392 | | | | 184,523 | | | 167,503 | Less: Accumulated depreciation and amortization | | | (58,732) | | | (56,293) | Total Property and Equipment, net | | $ | 125,791 | | $ | 111,210 |
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| Schedule of other accrued liabilities |
| | | | | | | March 31, | | December 31, | | 2024 | | 2023 | | | (in thousands) | Reserves for refunds to insurance carriers | $ | 18,023 | | $ | 23,245 | Accrued charges for third-party testing | | 13,167 | | | 14,823 | Testing and laboratory materials from suppliers | | 17,880 | | | 11,229 | Marketing and corporate affairs | | 9,688 | | | 10,085 | Short term advances | | 7,050 | | | — | Legal, audit and consulting fees | | 34,141 | | | 43,897 | Accrued shipping charges | | 1,652 | | | 3,646 | Sales and income tax payable | | 4,329 | | | 3,731 | Accrued third-party service fees | | 7,764 | | | 7,111 | Clinical trials and studies | | 6,961 | | | 12,126 | Operating lease liabilities, current portion | | 11,957 | | | 11,621 | Property and equipment purchases | | 4,429 | | | 4,316 | Other accrued interest | | 2,695 | | | 1,078 | Other accrued expenses | | 2,492 | | | 2,497 | Total other accrued liabilities | $ | 142,228 | | $ | 149,405 |
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| Summary of reserve balance and activities for refunds to insurance carriers |
| | | | | | | March 31, | | 2024 | | 2023 | | | (in thousands) | Beginning balance | $ | 23,245 | | $ | 18,948 | Additional reserves | | 227 | | | 2,384 | Refunds to carriers | | (3,095) | | | (502) | Reserves released to revenue | | (2,354) | | | (6,559) | Ending balance | $ | 18,023 | | $ | 14,271 | | | | | | |
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