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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Interest revenue $ 9,096 $ 13,076 $ 28,596 $ 34,760
Licenses Revenue 580 0 580 575
Total revenues 124,618 164,594 412,390 464,150
Operating expenses        
General and administrative 8,450 5,686 23,545 17,188
Operating income 116,168 158,908 388,845 446,962
Non-operating expense, net        
Interest and other income, net 87 75 294 207
Interest expense (5,901) (9,387) (21,710) (29,770)
Losses on Extinguishment of Debt 0 0 0 (6,143)
Total non-operating expense, net (5,814) (9,312) (21,416) (35,706)
Income before income taxes 110,354 149,596 367,429 411,256
Income tax expense 40,895 47,361 135,208 144,083
Net income $ 69,459 $ 102,235 $ 232,221 $ 267,173
Net income per share        
Basic (in Dollars per Share) $ 0.42 $ 0.64 $ 1.42 $ 1.70
Net income per diluted share (in Dollars per Share) $ 0.42 $ 0.61 $ 1.42 $ 1.62
Weighted average shares outstanding        
Basic (in Shares) 163,560 160,268 163,314 157,274
Diluted (in Shares) 163,742 166,894 163,899 165,141
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 $ 119,222 $ 123,916 $ 363,916 $ 355,008
Acquired rights [Member]        
Revenues        
Royalty revenues $ (4,280) $ 27,602 $ 19,298 $ 73,807