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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Royalty revenue from a related party, net of amortization for capitalized fees paid to a related party of $3,456 and $3,456 for the three months ended June 30, 2016 and 2015 and $6,912 and $ 6,912 for the six months ended June 30, 2016 and 2015 $ 32,251 $ 10,434 $ 56,206 $ 17,108
Revenue from collaborative arrangements from a related party, net 221 221 442 443
Total net revenue 32,472 10,655 56,648 17,551
Operating expenses:        
Research and development 370 638 762 1,350
General and administrative 6,225 4,909 12,477 10,348
Total operating expenses 6,595 5,547 13,239 11,698
Income from operations 25,877 5,108 43,409 5,853
Other income (expense), net 1,719 (16) 1,687 1,162
Interest income 157 85 249 201
Interest expense (13,156) (12,987) (26,313) (25,693)
Net income (loss) $ 14,597 $ (7,810) $ 19,032 $ (18,477)
Basic and diluted net income (loss) per share $ 0.13 $ (0.07) $ 0.17 $ (0.16)
Shares used to compute basic and diluted net income (loss) per share:        
Shares used to compute basic net income (loss) per share 111,359 115,329 112,005 115,096
Shares used to compute diluted net income (loss) per share 124,316 115,329 112,531 115,096
Cash dividend declared per common share (in dollars per share) $ 0 $ 0.25 $ 0 $ 0.50