XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total revenue $ 213,312 $ 236,707 $ 189,482
Operating expenses:      
Cost of product sales 42,374 33,714 35,785
Cost of royalty revenue 19,542 23,472 19,521
Research and development 44,419 32,607 28,289
Selling, general and administrative 60,509 71,416 53,329
Restructuring charge 7,911 0 0
Gain on sale of asset 0 0 (1,750)
Asset impairment charge 2,704 7,235 0
Change in fair value of contingent consideration (763) (7,377) 957
Legal settlement 0 1,650 0
Total operating expenses 176,696 162,717 136,131
Income from operations 36,616 73,990 53,351
Interest income 158 91 84
Interest expense (2,736) (1,136) (8)
Total other (expense) income, net (2,578) (1,045) 76
Income before income tax (provision) benefit 34,038 72,945 53,427
Income tax (provision) benefit (2,135) (21,002) 28,026
Net income $ 31,903 $ 51,943 $ 81,453
Earnings per share attributable to common stockholders:      
Basic (in dollars per share) $ 2.16 $ 3.44 $ 5.24
Diluted (in dollars per share) $ 2.09 $ 3.27 $ 4.96
Weighted average number of common shares outstanding:      
Basic (in shares) 14,768,625 15,102,890 15,533,681
Diluted (in shares) 15,278,651 15,908,211 16,434,104
Product sales      
Revenue:      
Total revenue $ 70,385 $ 45,327 $ 40,646
Royalty revenue      
Revenue:      
Total revenue 142,927 153,880 99,040
License and other revenue      
Revenue:      
Total revenue $ 0 $ 37,500 $ 49,796