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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Product sales $ 94,295 $ 28,245 $ 125,966 $ 49,751
Royalties 209 430 742 925
License and other revenue   5,760   17,520
Non-cash PDL royalty revenue   33,297   76,081
Total revenues 94,504 67,732 126,708 144,277
Costs and expenses:        
Cost of sales (excluding amortization of intangible assets) 22,865 4,675 25,977 8,377
Research and development expense 4,714 1,397 6,572 3,439
Selling, general and administrative expense 57,408 32,573 91,950 65,090
Amortization of intangible assets 26,731 2,542 29,271 5,081
Total costs and expenses 111,718 41,187 153,770 81,987
(Loss) income from operations (17,214) 26,545 (27,062) 62,290
Other (expense) income:        
Interest and other income 61 20 118 47
Interest expense (22,078) (616) (28,100) (1,243)
Non-cash interest expense on PDL liability   (4,903)   (10,282)
Total other expense (22,017) (5,499) (27,982) (11,478)
Net (loss) income before income taxes (39,231) 21,046 (55,044) 50,812
Benefit from (provision for) income taxes 17,578 (8,300) 21,758 (20,128)
Net (loss) income $ (21,653) $ 12,746 $ (33,286) $ 30,684
Basic net (loss) income per share (in dollars per share) $ (0.36) $ 0.22 $ (0.56) $ 0.53
Diluted net (loss) income per share (in dollars per share) $ (0.36) $ 0.21 $ (0.56) $ 0.51
Shares used in computing basic net (loss) income per share (in shares) 59,991,934 58,105,902 59,777,594 57,827,430
Shares used in computing diluted net (loss) income per share (in shares) 59,991,934 60,430,456 59,777,594 60,258,445