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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Total net revenue $ 67,086 $ 58,562 $ 119,466 $ 99,054
Operating expenses:        
Research and development 0 348 0 702
General and administrative 4,411 10,384 13,396 21,179
General and administrative - related party 0 0 2,700 0
Total operating expenses 4,411 10,732 16,096 21,881
Income from operations 62,675 47,830 103,370 77,173
Other income (expense), net 39 (786) (3,060) (739)
Interest income 380 306 771 542
Interest expense (6,478) (12,204) (14,135) (24,985)
Net income 56,616 35,146 86,946 51,991
Net income attributable to noncontrolling interest 1,990 0 2,739 0
Net income attributable to Innoviva stockholders $ 54,626 $ 35,146 $ 84,207 $ 51,991
Basic net income per share attributable to Innoviva stockholders $ 0.54 $ 0.33 $ 0.84 $ 0.48
Diluted net income per share attributable to Innoviva stockholders $ 0.49 $ 0.30 $ 0.77 $ 0.46
Shares used to compute Innoviva basic and diluted net income per share:        
Shares used to compute basic net income per share 100,873 107,614 100,739 107,468
Shares used to compute diluted net income per share 113,399 120,463 113,483 120,317
Royalty Revenue        
Revenue:        
Royalty revenue from a related party, net of amortization of capitalized fees paid to a related party of $3,456 in the three months ended June 30, 2018 and 2017 and $6,912 in the six months ended June 30, 2018 and 2017 $ 67,086 $ 58,341 $ 119,466 $ 98,612
License        
Revenue:        
Revenue from collaborative arrangements from a related party $ 0 $ 221 $ 0 $ 442