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QUARTERLY SUPPLEMENTAL FINANCIAL DATA (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly supplemental financial data (unaudited)
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2015 (in thousands, except per share data):
 
 
Three Months Ended
 
 
 
 
March 31, 2015
 
June 30, 2015 (1)
 
September 30, 2015
 
December 31, 2015 (1)
 
Total
Revenue
 
$
31,223

 
$
58,092

 
$
39,419

 
$
62,312

 
$
191,046

Net income (loss)
 
$
1,314

 
$
(11,771
)
(2) 
$
7,047

 
$
18,088

 
$
14,678

Net income (loss) per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.03

 
$
(0.25
)
 
$
0.15

 
$
0.39

 
$
0.31

Diluted
 
$
0.03

 
$
(0.25
)
 
$
0.15

 
$
0.39

 
$
0.31

_______________________________________________
(1) The Company receives significant license revenue in the second and fourth quarters; see Note 2 for further details.
(2) Includes a $33.0 million write down of inventory; see Note 4 for further details.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2014 (in thousands, except per share data):
 
 
Three Months Ended
 
 
 
 
March 31, 2014
 
June 30, 2014 (1)
 
September 30, 2014
 
December 31, 2014 (1)
 
Total
Revenue
 
$
37,839

 
$
64,127

 
$
32,892

 
$
56,173

 
$
191,031

Net income
 
$
4,022

 
$
20,422

 
$
4,284

 
$
13,126

 
$
41,854

Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.09

 
$
0.44

 
$
0.09

 
$
0.29

 
$
0.90

Diluted
 
$
0.09

 
$
0.44

 
$
0.09

 
$
0.28

 
$
0.90


_______________________________________________
(1) The Company receives significant license revenue in the second and fourth quarters; see Note 2 for further details.