SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2016

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 16. 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, 2015 through the quarter ended December 31, 2016 (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.

	2016 Quarter Ended
(in thousands)	March 31,		June 30,		September 30,		December 31,
Product sales	$	104,571	$	116,517	$	110,303	$	123,675
Total revenues		104,780		116,682		110,524		123,911
Gross margin on product sales		81,022		95,552		90,060		101,018
Income (loss) from operations		(4,314)		9,661		1,258		17,904
Net income (loss)		(20,917)		(10,541)		(12,894)		(44,368)
Basic net income (loss) per share	$	(0.34)	$	(0.17)	$	(0.21)	$	(0.72)
Diluted net income (loss) per share	$	(0.34)	$	(0.17)	$	(0.21)	$	(0.72)

	2015 Quarter Ended
	March 31,		June 30,		September 30,		December 31,
Product sales	$	31,670	$	94,295	$	104,726	$	111,059
Total revenues		32,203		94,504		104,856		111,172
Gross margin on product sales		28,558		71,430		83,812		90,052
Income (loss) from operations		(9,849)		(17,214)		3,235		(26,572)
Net income (loss)		(11,633)		(21,653)		(11,785)		(30,667)
Basic net income (loss) per share	$	(0.20)	$	(0.36)	$	(0.20)	$	(0.51)
Diluted net income (loss) per share	$	(0.20)	$	(0.36)	$	(0.20)	$	(0.51)