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Consolidated Quarterly Financial Data - Unaudited
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Consolidated Quarterly Financial Data - Unaudited
CONSOLIDATED QUARTERLY FINANCIAL DATA - UNAUDITED
The following tables provide unaudited consolidated quarterly financial data for 2017 and 2016 (in thousands, except per share data):
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
Total revenues
$
139,472

 
$
158,394

 
$
153,741

 
$
158,338

Gross profit (1)
106,889

 
120,731

 
(202,149
)
 
82,064

Operating expenses
146,913

 
117,091

 
47,581

 
89,210

Net (loss) income
$
(36,560
)
 
$
(14,066
)
 
$
(152,061
)
 
$
3,460

Net (loss) income per share - basic
$
(1.06
)
 
$
(0.40
)
 
$
(4.31
)
 
$
0.10

Net (loss) income per share - diluted
$
(1.06
)
 
$
(0.40
)
 
$
(4.31
)
 
$
0.10

 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
Total revenues
$
109,300

 
$
127,419

 
$
143,782

 
$
151,591

Gross profit (2)
85,474

 
84,563

 
113,092

 
116,349

Operating expenses
78,026

 
66,486

 
74,332

 
101,764

Net (loss) income
$
(7,527
)
 
$
(596
)
 
$
16,196

 
$
(10,557
)
Net (loss) income per share - basic
$
(0.22
)
 
$
(0.02
)
 
$
0.47

 
$
(0.31
)
Net (loss) income per share - diluted
$
(0.22
)
 
$
(0.02
)
 
$
0.43

 
$
(0.31
)
The sum of quarterly (loss) income per share totals differ from annual (loss) income per share totals due to rounding.

(1) 
Gross profit for the third quarter of 2017 included an impairment charge of $319.2 million relating to the Makena base technology intangible asset.

(2) 
Gross profit for the second quarter of 2016 included an impairment charge of $15.7 million relating to the MuGard Rights intangible asset.