Selected Quarterly Financial Information |
| | | | | | | | | | | | | | | | | | Three Months Ended | | March 31 | | June 30 | | September 30 | | December 31 | | (In thousands, except per share data) | 2014: | | | | | | | | General and administrative expense | $ | 5,239 |
| | $ | 5,069 |
| | $ | 4,177 |
| | $ | 4,485 |
| Operating loss | (5,239 | ) | | (5,069 | ) | | (4,177 | ) | | (4,485 | ) | Other income (loss), net | 30,374 |
| | 1,452 |
| | (246 | ) | | 77 |
| Interest income | 470 |
| | 542 |
| | 482 |
| | 407 |
| Interest expense | (1,094 | ) | | (1,098 | ) | | (1,103 | ) | | (1,107 | ) | Equity income (loss) | 6,808 |
| | (3,175 | ) | | (8,962 | ) | | (10,006 | ) | Net income (loss) before income taxes | 31,319 |
| | (7,348 | ) | | (14,006 | ) | | (15,114 | ) | Income tax benefit (expense) | — |
| | — |
| | — |
| | — |
| Net income (loss) | $ | 31,319 |
| | $ | (7,348 | ) | | $ | (14,006 | ) | | $ | (15,114 | ) | Net income (loss) per share (a) | | | | | | |
| Basic | $ | 1.44 |
| | $ | (0.35 | ) | | $ | (0.68 | ) | | $ | (0.73 | ) | Diluted | $ | 1.29 |
| | $ | (0.35 | ) | | $ | (0.68 | ) | | $ | (0.73 | ) | 2013: | | | | | | | | General and administrative expense | $ | 5,374 |
| | $ | 6,715 |
| | $ | 4,835 |
| | $ | 4,720 |
| Operating loss | (5,374 | ) | | (6,715 | ) | | (4,835 | ) | | (4,720 | ) | Other income (loss), net | 757 |
| | (2,724 | ) | | (4,224 | ) | | 6,574 |
| Interest income | 734 |
| | 790 |
| | 572 |
| | 550 |
| Interest expense | (1,069 | ) | | (1,074 | ) | | (1,077 | ) | | (1,083 | ) | Equity income (loss) | (6,987 | ) | | (18,400 | ) | | (9,866 | ) | | 22,646 |
| Net income (loss) before income taxes | (11,939 | ) | | (28,123 | ) | | (19,430 | ) | | 23,967 |
| Income tax benefit (expense) | — |
| | — |
| | — |
| | — |
| Net income (loss) | $ | (11,939 | ) | | $ | (28,123 | ) | | $ | (19,430 | ) | | $ | 23,967 |
| Net income (loss) per share (a) | | | | | | |
| Basic | $ | (0.57 | ) | | $ | (1.33 | ) | | $ | (0.90 | ) | | $ | 1.10 |
| Diluted | $ | (0.57 | ) | | $ | (1.33 | ) | | $ | (0.90 | ) | | $ | 0.99 |
|
| | (a) | Per share amounts for the quarters have each been calculated separately. Accordingly, quarterly amounts may not add to the annual amounts because of differences in the average common shares outstanding during each period. Additionally, in regard to diluted per share amounts only, quarterly amounts may not add to the annual amounts because of the inclusion of the effect of potentially dilutive securities only in the periods in which such effect would have been dilutive, and because of the adjustments to net income (loss) for the dilutive effect of partner company common stock equivalents and convertible securities. |
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