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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, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Product revenue $ 27,178 $ 25,783 $ 78,899 $ 74,636
Licensing, milestone and contract revenue 6 6 5,133 17
Total revenue 27,184 25,789 84,032 74,653
Operating expenses:        
Cost of product revenue 6,250 4,998 18,648 16,488
Research and development 5,842 2,822 14,521 7,773
Selling, general and administrative 4,823 4,280 14,862 12,525
Total operating expenses 16,915 12,100 48,031 36,786
Income from operations 10,269 13,689 36,001 37,867
Interest income, net 261 93 335 214
Income before income taxes 10,530 13,782 36,336 38,081
Provision for income taxes 3,643 4,830 12,587 13,619
Net income $ 6,887 $ 8,952 $ 23,749 $ 24,462
Basic net income per share:        
Net income (in dollars per share) $ 0.47 $ 0.61 $ 1.63 $ 1.66
Basic weighted average common shares outstanding (in shares) 14,579 14,625 14,572 14,726
Diluted net income per share:        
Net income (in dollars per share) $ 0.46 $ 0.59 $ 1.58 $ 1.61
Diluted weighted average common shares outstanding (in shares) 15,115 15,077 15,065 15,163
Net income $ 6,887 $ 8,952 $ 23,749 $ 24,462
Other comprehensive income:        
Foreign currency translation adjustment 690 310 2,270 548
Comprehensive income $ 7,577 $ 9,262 $ 26,019 $ 25,010