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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 152,365 $ 136,455 $ 269,644 $ 225,477
Operating expenses:        
Cost of sales 33,943 23,018 49,865 41,237
Amortization of intangibles 11,403 0 11,403 0
Research and development 15,483 8,069 27,336 17,078
Selling, general and administrative 57,476 12,321 71,310 23,380
Total operating expenses 118,305 43,408 159,914 81,695
Operating income 34,060 93,047 109,730 143,782
Other income (expense):        
Investment and other (expense) income, net (945) 221 (447) 497
Inducement expense related to convertible notes 0 0 0 (20,960)
Interest expense (3,104) (1,752) (4,863) (3,717)
Net income before income taxes 30,011 91,516 104,420 119,602
Income tax expense 7,326 58 21,627 249
Net income $ 22,685 $ 91,458 $ 82,793 $ 119,353
Net income per share:        
Basic (USD per share) $ 0.16 $ 0.64 $ 0.60 $ 0.85
Diluted (USD per share) $ 0.16 $ 0.62 $ 0.58 $ 0.81
Shares used in computing net income per share:        
Basic (shares) 137,937 142,487 137,798 140,201
Diluted (shares) 142,216 147,624 141,795 148,096
Royalties        
Revenues:        
Total revenues $ 85,340 $ 45,778 $ 154,945 $ 82,701
Product sales, net        
Revenues:        
Total revenues 46,300 30,360 68,440 52,126
Revenues under collaborative agreements        
Revenues:        
Total revenues $ 20,725 $ 60,317 $ 46,259 $ 90,650