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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Interest revenue $ 7,343 $ 8,966 $ 16,307 $ 19,500
Licenses Revenue 327 0 134 0
Total revenues 21,047 138,066 124,171 287,772
Operating expenses        
General and administrative 6,951 7,429 16,797 15,095
Acquisition-related expenses 2,959 0 2,959 0
Total operating expenses 9,910 7,429 19,756 15,095
Operating income 11,137 130,637 104,415 272,677
Non-operating expense, net        
Interest and other income, net 129 121 242 207
Interest expense (4,461) (7,199) (9,011) (15,809)
Total non-operating expense, net (4,332) (7,078) (8,769) (15,602)
Income before income taxes 6,805 123,559 95,646 257,075
Income tax expense 2,657 45,295 35,611 94,313
Net income $ 4,148 $ 78,264 $ 60,035 $ 162,762
Net income per share        
Basic (in Dollars per Share) $ 0.03 $ 0.48 $ 0.37 $ 1.00
Net income per diluted share (in Dollars per Share) $ 0.03 $ 0.47 $ 0.37 $ 0.97
Weighted average shares outstanding        
Basic (in Shares) 163,791 163,544 163,729 163,188
Diluted (in Shares) 164,029 165,384 163,920 167,376
Cash dividends declared per common share (in Dollars per Share) $ 0.05 $ 0.00 $ 0.10 $ 0.60
Queen et al. patents [Member]        
Revenues        
Royalty revenues $ 14,232 $ 116,884 $ 135,687 $ 244,694
Acquired rights [Member]        
Revenues        
Royalty revenues $ (855) $ 12,216 $ (27,957) $ 23,578