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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Product revenue $ 25,094 $ 20,816
Operating expenses:    
Cost of product revenue 11,069 8,073
Research and development 1,539 1,568
Selling, general and administrative 7,018 6,026
Contingent consideration - fair value adjustments 2,005 1,111
Total operating expenses 21,631 16,778
Income from operations 3,463 4,038
Investment income 61 37
Interest expense (5) (9)
Other income (expense) (979) 132
Income before income taxes 2,540 4,198
Income tax provision 915 1,268
Net income $ 1,625 $ 2,930
Earnings per share:    
Basic $ 0.05 $ 0.09
Diluted $ 0.05 $ 0.09
Weighted average shares outstanding:    
Basic 33,024,681 32,754,862
Diluted 33,493,575 33,450,611
Other comprehensive income:    
Unrealized gain (loss) on investments $ 15 $ (17)
Foreign currency translation gain (loss) 1,881 (3,849)
Comprehensive income (loss) $ 3,521 $ (936)