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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total revenue $ 77,499 $ 76,372
Expenses:    
Selling, general and administrative 30,405 19,735
Research and development 3,878 12,588
Amortization of acquired intangible assets 6,440 3,805
Changes in fair values of equity method investments, net (35,342) (15,817)
Changes in fair values of equity and long-term investments, net 13,335 2,164
Interest and dividend income (4,399) (3,365)
Interest expense 5,851 4,427
Other expense, net 1,236 1,346
Total expenses, net 32,375 35,232
Income before income taxes 45,124 41,140
Income tax expense, net 8,592 6,275
Net income and comprehensive income $ 36,532 $ 34,865
Net income per share:    
Basic $ 0.58 $ 0.51
Diluted $ 0.46 $ 0.42
Shares used to compute net income per share:    
Basic 63,185 67,786
Diluted 84,531 89,788
Royalty revenue    
Revenue:    
Total revenue $ 58,415 $ 56,858
Net product sales    
Revenue:    
Total revenue 19,084 11,514
Expenses:    
Cost of products sold (inclusive of amortization of inventory fair value adjustments, excluding amortization of intangible assets) 10,971 8,749
License revenue    
Revenue:    
Total revenue 0 8,000
License    
Expenses:    
Cost of license revenue $ 0 $ 1,600