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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
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, 2019 and 2018, and $6,912 in the six months ended June 30, 2019 and 2018 $ 64,107 $ 67,086 $ 119,290 $ 119,466
Operating expenses:        
General and administrative 4,347 4,411 7,362 13,396
General and administrative - related party 0 0 0 2,700
Total operating expenses 4,347 4,411 7,362 16,096
Income from operations 59,760 62,675 111,928 103,370
Other income (expense), net (8) 39 (7) (3,060)
Interest income 1,403 380 2,378 771
Interest expense (4,661) (6,478) (9,278) (14,135)
Income before income taxes 56,494 56,616 105,021 86,946
Income tax expense, net 10,433 0 18,941 0
Net income 46,061 56,616 86,080 86,946
Net income attributable to noncontrolling interest 8,321 1,990 14,550 2,739
Net income attributable to Innoviva stockholders $ 37,740 $ 54,626 $ 71,530 $ 84,207
Basic net income per share attributable to Innoviva stockholders $ 0.37 $ 0.54 $ 0.71 $ 0.84
Diluted net income per share attributable to Innoviva stockholders $ 0.34 $ 0.49 $ 0.65 $ 0.77
Shares used to compute Innoviva basic and diluted net income per share:        
Shares used to compute basic net income per share 101,151 100,873 101,105 100,739
Shares used to compute diluted net income per share 113,391 113,399 113,384 113,483