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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 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 September 30, 2017 and 2016 and $10,368 for the nine months ended September 30, 2017 and 2016 $ 48,422 $ 33,088 $ 147,034 $ 89,294
Revenue from collaborative arrangements from a related party 221 221 663 663
Total net revenue 48,643 33,309 147,697 89,957
Operating expenses:        
Research and development 311 286 1,013 1,048
General and administrative 8,310 5,105 29,489 17,582
Total operating expenses 8,621 5,391 30,502 18,630
Income from operations 40,022 27,918 117,195 71,327
Other (expense) income, net (6,369) 56 (7,108) 1,743
Interest income 376 162 918 411
Interest expense (10,262) (13,103) (35,247) (39,416)
Net income $ 23,767 $ 15,033 $ 75,758 $ 34,065
Basic net income per share $ 0.22 $ 0.14 $ 0.71 $ 0.31
Diluted net income per share $ 0.21 $ 0.13 $ 0.67 $ 0.31
Shares used to compute basic and diluted net income per share:        
Shares used to compute basic net income per share 106,841 109,282 107,236 111,128
Shares used to compute diluted net income per share 119,796 121,993 120,120 111,583