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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 57,419 $ 84,675 $ 103,112 $ 139,825
Operating costs and expenses:        
Cost of Captisol 12,361 30,593 17,060 38,746
Amortization of intangibles 11,824 11,779 23,637 23,565
Research and development 19,118 15,953 39,425 33,832
General and administrative 14,585 14,711 32,765 27,028
Other operating income 0 (34,100) 0 (33,800)
Total operating costs and expenses 57,888 38,936 112,887 89,371
Income (loss) from operations (469) 45,739 (9,775) 50,454
Other income (expense):        
Gain (loss) from short-term investments (1,909) (6,864) (14,786) 6,197
Interest income 298 233 432 529
Interest expense (438) (4,883) (1,227) (10,714)
Other income (expense), net 1,882 (924) 4,580 (7,401)
Total other expense, net (167) (12,438) (11,001) (11,389)
Income (loss) before income taxes (636) 33,301 (20,776) 39,065
Income tax benefit (expense) (259) (2,576) 4,496 9,766
Net (loss) income $ (895) $ 30,725 $ (16,280) $ 48,831
Earnings per share        
Basic net (loss) income per share (USD per share) $ (0.05) $ 1.84 $ (0.97) $ 2.95
Shares used in basic per share calculations (shares) 16,868 16,659 16,846 16,548
Diluted net (loss) income per share (USD per share) $ (0.05) $ 1.79 $ (0.97) $ 2.84
Shares used in diluted per share calculations (shares) 16,868 17,172 16,846 17,210
Royalties        
Revenues:        
Total revenues $ 17,959 $ 8,616 $ 31,654 $ 15,728
Captisol        
Revenues:        
Total revenues 29,545 62,509 41,667 93,781
Contract        
Revenues:        
Total revenues $ 9,915 $ 13,550 $ 29,791 $ 30,316