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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Product revenue $ 25,783 $ 23,676 $ 74,636 $ 62,089
Licensing, milestone and contract revenue 6 5 17 16
Total revenue 25,789 23,681 74,653 62,105
Operating expenses:        
Cost of product revenue 4,998 5,176 16,488 14,764
Research & development 2,822 2,061 7,773 5,971
Selling, general & administrative 4,280 3,309 12,525 10,302
Total operating expenses 12,100 10,546 36,786 31,037
Income from operations 13,689 13,135 37,867 31,068
Interest income, net 93 34 214 82
Income before income taxes 13,782 13,169 38,081 31,150
Provision for income taxes 4,830 4,789 13,619 11,435
Net income $ 8,952 $ 8,380 $ 24,462 $ 19,715
Basic net income per share:        
Net income (in dollars per share) $ 0.61 $ 0.56 $ 1.66 $ 1.32
Basic weighted average common shares outstanding (in shares) 14,625 14,967 14,726 14,945
Diluted net income per share:        
Net income (in dollars per share) $ 0.59 $ 0.55 $ 1.61 $ 1.29
Diluted weighted average common shares outstanding (in shares) 15,077 15,316 15,163 15,311
Net income $ 8,952 $ 8,380 $ 24,462 $ 19,715
Other comprehensive income (loss):        
Unrealized gain (loss) on securities, net of tax 2 (1)
Foreign currency translation adjustment 310 258 548 (1,572)
Total other comprehensive income (loss) 310 260 548 (1,573)
Comprehensive income $ 9,262 $ 8,640 $ 25,010 $ 18,142