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Condensed Consolidated Statements of Income (Unaudited) Statement - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Patent licensing royalties $ 116,622 $ 192,088 $ 225,595 $ 246,362
Technology solutions 1,929 2,146 3,334 5,716
REVENUES 118,551 194,234 228,929 252,078
OPERATING EXPENSES:        
Patent administration and licensing 31,212 31,272 62,837 64,966
Development 18,326 22,901 36,317 38,788
Selling, general and administrative 10,435 11,689 19,953 19,993
Total Operating Expenses 59,973 65,862 119,107 123,747
Income from operations 58,578 128,372 109,822 128,331
OTHER INCOME:        
Interest and investment income, net (7,746) (3,602) (12,982) (7,566)
Income before income taxes 50,832 124,770 96,840 120,765
INCOME TAX PROVISION (18,877) (46,658) (36,553) (45,208)
NET INCOME 32,602 78,901 61,667 77,040
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 31,955 78,112 60,287 75,557
Net Income (Loss) Attributable to Noncontrolling Interest $ (647) $ (789) $ (1,380) $ (1,483)
NET INCOME PER COMMON SHARE — BASIC $ 0.91 $ 1.95 $ 1.69 $ 1.90
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC 36,022 40,443 36,486 40,444
NET INCOME PER COMMON SHARE — DILUTED $ 0.89 $ 1.93 $ 1.67 $ 1.90
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED 36,442 40,822 36,883 40,643
CASH DIVIDEND DECLARED PER COMMON SHARE $ 0.20 $ 0.20 $ 0.40 $ 0.30