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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES        
REVENUES $ 114,764 $ 143,496 $ 340,739 $ 313,594
OPERATING EXPENSES:        
Patent administration and licensing 46,720 56,150 134,232 133,694
Development 21,789 22,546 56,487 66,999
Selling, general and administrative 14,418 20,978 34,818 46,994
Restructuring activities 0 7,045 3,280 20,290
Total Operating expenses 82,927 106,719 228,817 267,977
Income from operations 31,837 36,777 111,922 45,617
INTEREST EXPENSE (7,659) (5,773) (19,446) (19,429)
OTHER INCOME (EXPENSE), NET 912 (1,537) (15,109) 2,226
Income before income taxes 25,090 29,467 77,367 28,414
INCOME TAX PROVISION (3,323) (4,253) (17,312) (6,039)
NET INCOME 21,767 25,214 60,055 22,375
Net loss attributable to noncontrolling interest (455) (1,014) (1,230) (11,042)
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 22,222 $ 26,228 $ 61,285 $ 33,417
NET INCOME PER COMMON SHARE — BASIC (in USD per share) $ 0.75 $ 0.85 $ 2.03 $ 1.09
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC (in shares) 29,659 30,737 30,255 30,792
NET INCOME PER COMMON SHARE — DILUTED (in USD per share) $ 0.74 $ 0.83 $ 2.00 $ 1.07
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED (in shares) 29,940 31,431 30,638 31,272