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SELECTED QUARTERLY FINANCIAL DATA (UNADUITED) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected quarterly financial data (unaudited)
The following tables set forth certain unaudited quarterly financial data for each of the eight quarters beginning with the quarter ended March 31, 2017 through the quarter ended December 31, 2018 (in thousands). This quarterly financial data is unaudited, but has been prepared on the same basis as the annual financial statements and, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments necessary for a fair representation of the information for the periods presented. Operating results for any quarter are not necessarily indicative of results for any future period.
 
 
 
2018 Quarter Ended
(in thousands)
 
March 31,
 
June 30,
 
September 30,
 
December 31,
Product sales
 
$
44,354

 
$
26,838

 
$
29,435

 
$
29,339

Total revenues
 
128,404

 
63,274

 
77,493

 
42,599

Gross margin on product sales
 
32,310

 
24,085

 
26,460

 
28,635

(Loss) income from operations
 
51,338

 
(4,225
)
 
9,628

 
(13,082
)
Net income (loss)
 
33,824

 
(21,048
)
 
48,270

 
(24,138
)
Basic net loss per share
 
$
0.53

 
$
(0.33
)
 
$
0.76

 
$
(0.38
)
Diluted net loss per share
 
$
0.48

 
$
(0.33
)
 
$
0.65

 
$
(0.38
)
 
 
 
2017 Quarter Ended
(in thousands)
 
March 31,
 
June 30,
 
September 30,
 
December 31,
Product sales
 
$
90,285

 
$
100,232

 
$
95,204

 
$
94,159

Total revenues
 
90,447

 
100,457

 
95,413

 
94,407

Gross margin on product sales
 
72,511

 
80,507

 
77,808

 
76,455

Loss from operations
 
(6,665
)
 
(4,068
)
 
1,238

 
(32,685
)
Net loss
 
(26,741
)
 
(26,659
)
 
(15,992
)
 
(33,104
)
Basic net loss per share
 
$
(0.43
)
 
$
(0.43
)
 
$
(0.25
)
 
$
(0.52
)
Diluted net loss per share
 
$
(0.43
)
 
$
(0.43
)
 
$
(0.25
)
 
$
(0.52
)