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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues [Abstract]        
Product sales $ 0 $ 10,091,000 $ 0 $ 22,334,000
Operating expenses:        
Cost of products 0 3,285,000 0 5,742,000
Research and development expenses 6,762,000 4,057,000 10,614,000 9,587,000
Selling, general and administrative expenses 15,174,000 7,095,000 26,186,000 15,008,000
Intangible asset amortization 0 203,000 0 406,000
Changes in fair value of contingent consideration 0 918,000 0 3,396,000
Gain on sale of Hospital Products 0 (45,760,000) 0 (45,760,000)
Restructuring costs (income) 0 24,000 (53,000) 183,000
Total operating expense (income) 21,936,000 (30,178,000) 36,747,000 (11,438,000)
Operating (loss) income (21,936,000) 40,269,000 (36,747,000) 33,772,000
Investment and other income (expense), net 432,000 (741,000) 1,042,000 (1,119,000)
Interest expense (1,930,000) (3,237,000) (3,859,000) (6,427,000)
Gain from release of certain liabilities 88,000 0 166,000 0
Other expense - changes in fair value of contingent consideration payable 0 (125,000) 0 (435,000)
(Loss) income before income taxes (23,346,000) 36,166,000 (39,398,000) 25,791,000
Income tax (benefit) expense (3,765,000) 5,292,000 (6,372,000) (4,218,000)
Net (loss) income $ (19,581,000) $ 30,874,000 $ (33,026,000) $ 30,009,000
Net loss per share - basic (in dollars per share) $ (0.33) $ 0.57 $ (0.56) $ 0.63
Net loss per share - diluted (in dollars per share) $ (0.33) $ 0.49 $ (0.56) $ 0.58
Weighted average number of shares outstanding - basic (in shares) 58,488 54,272 58,465 47,665
Weighted average number of shares outstanding - diluted (in shares) 58,488 69,942 58,465 63,083