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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Product revenue $ 19,814 $ 15,152 $ 62,088 $ 45,038
Royalty and other revenue   126   2,117
Total revenue 19,814 15,278 62,088 47,155
Operating expenses:        
Cost of product revenue 8,444 6,931 25,103 19,938
Cost of royalty revenue 0 0 0 0
Research and development 1,490 1,650 4,309 4,281
Selling, general and administrative 5,959 4,471 18,226 12,180
Contingent consideration - fair value adjustments 233 10 2,114 126
Total operating expenses 16,126 13,062 49,752 36,525
Income from operations 3,688 2,216 12,336 10,630
Investment income 37 64 92 250
Interest expense (8) (12) (24) (38)
Other income (expense) (38) (14) (175) 54
Income before income taxes 3,679 2,254 12,229 10,896
Income tax provision 1,141 788 3,149 2,327
Net income $ 2,538 $ 1,466 $ 9,080 $ 8,569
Earnings per share:        
Basic $ 0.08 $ 0.04 $ 0.28 $ 0.27
Diluted $ 0.08 $ 0.04 $ 0.27 $ 0.26
Weighted average shares outstanding:        
Basic 32,925,004 32,677,003 32,860,382 32,292,588
Diluted 33,689,560 33,327,377 33,617,999 33,099,599
Other comprehensive income:        
Unrealized gain on investments $ 65 $ 34 $ 43 $ 46
Foreign currency translation loss (596) (3,157) (2,998) (4,763)
Comprehensive income (loss) $ 2,007 $ (1,657) $ 6,125 $ 3,852