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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Product revenue $ 23,675,696 $ 21,975,312 $ 62,088,410 $ 57,593,873
Licensing, milestone and contract revenue 5,561 80,111 16,732 24,746,497
Total revenue 23,681,257 22,055,423 62,105,142 82,340,370
Operating expenses:        
Cost of product revenue 5,175,723 5,724,800 14,763,222 15,418,732
Research & development 2,061,689 1,999,867 5,971,771 6,160,740
Selling, general & administrative 3,308,731 4,044,538 10,301,886 11,401,399
Total operating expenses 10,546,143 11,769,205 31,036,879 32,980,871
Income from operations 13,135,114 10,286,218 31,068,263 49,359,499
Interest income, net 33,667 9,937 81,297 16,339
Income before income taxes 13,168,781 10,296,155 31,149,560 49,375,838
Provision for income taxes 4,788,916 4,125,355 11,434,581 18,872,435
Net income $ 8,379,865 $ 6,170,800 $ 19,714,979 $ 30,503,403
Basic net income per share:        
Net income (in dollars per share) $ 0.56 $ 0.42 $ 1.32 $ 2.09
Basic weighted average common shares outstanding (in shares) 14,967,322 14,758,781 14,944,921 14,626,933
Diluted net income per share:        
Net income (in dollars per share) $ 0.55 $ 0.40 $ 1.29 $ 1.97
Diluted weighted average common shares outstanding (in shares) 15,315,808 15,434,875 15,310,758 15,469,237
Net income $ 8,379,865 $ 6,170,800 $ 19,714,979 $ 30,503,403
Other comprehensive income (loss):        
Unrealized gain (loss) on securities, net of tax 2,294 431 (904) 431
Foreign currency translation adjustment 257,521 (1,679,968) (1,570,923) (1,896,823)
Total other comprehensive income (loss) 259,815 (1,679,537) (1,571,827) (1,896,392)
Comprehensive income $ 8,639,680 $ 4,491,263 $ 18,143,152 $ 28,607,011