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Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income: $ 4,277,103 $ 2,338,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 892,407 818,920
Stock-based compensation expense 307,425 250,071
Deferred tax expense 7,566 (112,403)
Loss (gain) on revaluation of contingent consideration 98,320 (53,974)
Changes in assets and liabilities:    
Accounts receivable (94,064) (2,772,175)
Royalties and other receivables 6,730,818 5,284,800
Inventories 331,087 872,260
Prepaid expenses and other current assets (209,701) (51,472)
Accounts payable (236,176) (548,648)
Accrued liabilities (3,999,779) (1,301,152)
Long-term liabilities (106,216) (1,129,760)
Net cash provided by operating activities 7,998,790 3,594,703
Cash flows from investing activities:    
Purchases of marketable securities (8,970,763) (10,538,701)
Redemptions of marketable securities 10,529,183 5,811,555
Purchases of property, plant and equipment (596,788) (322,099)
Net cash provided by (used in) investing activities 961,632 (5,049,245)
Cash flows from financing activities:    
Exercise of stock options 497,709 956,721
Net cash provided by financing activities 497,709 956,721
Effect of exchange rate changes on cash and cash equivalents (78,163) (141,985)
Net increase (decrease) in cash and cash equivalents 9,379,968 (639,806)
Cash and cash equivalents, beginning of period 39,829,653 29,209,821
Cash and cash equivalents, end of period 49,209,621 28,570,015
Supplemental disclosure of non-cash investing activities:    
Income taxes paid $ 466,000 $ 659,000