XML 45 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Interest revenue $ 8,966 $ 12,613 $ 19,500 $ 21,684
Licenses Revenue 0 575 0  
Total revenues 138,066 162,752 287,772 299,556
Operating expenses        
General and administrative 7,429 6,920 15,095 11,502
Operating income 130,637 155,832 272,677 288,054
Non-operating expense, net        
Interest and other income, net 121 82 207 132
Interest expense (7,199) (9,858) (15,809) (20,383)
Losses on Extinguishment of Debt 0 0 0 (6,143)
Total non-operating expense, net (7,078) (9,776) (15,602) (26,394)
Income before income taxes 123,559 146,056 257,075 261,660
Income tax expense 45,295 54,001 94,313 96,722
Net income $ 78,264 $ 92,055 $ 162,762 $ 164,938
Net income per share        
Basic (in Dollars per Share) $ 0.48 $ 0.57 $ 1.00 $ 1.06
Net income per diluted share (in Dollars per Share) $ 0.47 $ 0.52 $ 0.97 $ 0.94
Weighted average shares outstanding        
Basic (in Shares) 163,544 160,256 163,188 155,752
Diluted (in Shares) 165,384 177,228 167,376 175,811
Cash dividends declared per common share (in Dollars per Share) $ 0.00 $ 0.00 $ 0.60 $ 0.60
Queen et al. patents [Member]        
Revenues        
Royalty revenues $ 116,884 $ 115,066 $ 244,694 $ 231,092
Acquired rights [Member]        
Revenues        
Royalty revenues $ 12,216 $ 34,498 $ 23,578 $ 46,205