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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 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 June 30, 2017 and 2016 and $6,912 for the six months ended June 30, 2017 and 2016 $ 58,341 $ 32,251 $ 98,612 $ 56,206
Revenue from collaborative arrangements from a related party 221 221 442 442
Total net revenue 58,562 32,472 99,054 56,648
Operating expenses:        
Research and development 348 370 702 762
General and administrative 10,384 6,225 21,179 12,477
Total operating expenses 10,732 6,595 21,881 13,239
Income from operations 47,830 25,877 77,173 43,409
Other income (expense), net (786) 1,719 (739) 1,687
Interest income 306 157 542 249
Interest expense (12,204) (13,156) (24,985) (26,313)
Net income $ 35,146 $ 14,597 $ 51,991 $ 19,032
Basic net income per share $ 0.33 $ 0.13 $ 0.48 $ 0.17
Diluted net income per share $ 0.30 $ 0.13 $ 0.46 $ 0.17
Shares used to compute basic and diluted net income per share:        
Shares used to compute basic net income per share 107,614 111,359 107,468 112,005
Shares used to compute diluted net income per share 120,463 124,316 120,317 112,531