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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Royalty revenue from a related party, net of amortization for capitalized fees paid to a related party of $3,456 for the three months ended March 31, 2017 and 2016 $ 40,271 $ 23,955
Revenue from collaborative arrangements from a related party 221 221
Total net revenue 40,492 24,176
Operating expenses:    
Research and development 354 392
General and administrative 10,795 6,252
Total operating expenses 11,149 6,644
Income from operations 29,343 17,532
Other income (expense), net 47 (32)
Interest income 236 92
Interest expense (12,781) (13,157)
Net income $ 16,845 $ 4,435
Basic net income per share $ 0.16 $ 0.04
Diluted net income per share $ 0.15 $ 0.04
Shares used to compute basic and diluted net income per share:    
Shares used to compute basic net income per share 107,487 112,482
Shares used to compute diluted net income per share 120,336 113,178