Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Data [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Financial Data (Unaudited)

	2014 Quarter Ended
(In thousands, except per share data)	December 31		September 30		June 30		March 31
Total revenues	$	117,075	$	164,594	$	162,752	$	136,804
Net income	$	55,071	$	102,235	$	92,055	$	72,883
Net income per basic share	$	0.34	$	0.64	$	0.57	$	0.48
Net income per diluted share	$	0.32	$	0.61	$	0.52	$	0.44

	2013 Quarter Ended
(In thousands, except per share data)	December 31		September 30		June 30		March 31
Total revenues	$	111,967	$	100,178	$	148,520	$	95,595
Net income	$	61,092	$	56,225	$	93,742	$	53,471
Net income per basic share	$	0.44	$	0.40	$	0.67	$	0.38
Net income per diluted share	$	0.39	$	0.36	$	0.62	$	0.36

We corrected a cumulative error related to "Royalty rights - change in fair value" in our condensed consolidated statement of income for the quarter ended June 30, 2014 as discussed in Note 2. The impact of the out of period adjustment was a $1.7 million increase in total revenues, $12.8 million increase in pre-tax income and a $8.1 million increase in net income.

For the quarter ended March 31, 2014, $9.1 million of Interest income recognized from financial assets that was previously reported as a component of "Interest and other income, net" in our Consolidated Statements of Income has been reclassified to "Interest revenue" as a component of revenue in the Consolidated statements of Income.

For the quarters ended March 31, June 30, September 30 and December 31 of 2013, $3.7 million, $4.9 million, $2.9 million and $7.5 million, respectively, of Interest income recognized from financial assets that was previously reported as a component of "Interest and other income, net" in our Consolidated Statements of Income has been reclassified to "Interest revenue" as a component of revenue in the Consolidated statements of Income.