XML 74 R3.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 55,147,000 $ 77,493,000 $ 170,278,000 $ 269,171,000
Costs and expenses:        
Cost of sales (excluding amortization of intangible assets) 2,243,000 2,975,000 6,942,000 17,772,000
Research and development expenses 1,476,000 2,127,000 4,531,000 5,835,000
Selling, general and administrative expenses 36,117,000 33,409,000 85,917,000 93,750,000
Amortization of intangible assets 25,444,000 25,443,000 76,331,000 76,331,000
Restructuring charges 0 3,911,000 0 18,742,000
Total costs and expenses 65,280,000 67,865,000 173,721,000 212,430,000
(Loss) income from operations (10,133,000) 9,628,000 (3,443,000) 56,741,000
Other income (expense):        
Litigation settlement 0 62,000,000 0 62,000,000
Gain on debt extinguishment 26,385,000 0 26,385,000 0
Interest expense (13,872,000) (17,190,000) (45,268,000) (52,268,000)
Other (expense) income, net (764,000) 677,000 (2,613,000) 973,000
Total other expense (income) 11,749,000 45,487,000 (21,496,000) 10,705,000
Net income (loss) before income taxes 1,616,000 55,115,000 (24,939,000) 67,446,000
Income tax benefit (expense) 1,715,000 (6,845,000) 364,000 (6,400,000)
Net income (loss) 3,331,000 48,270,000 (24,575,000) 61,046,000
Other comprehensive income:        
Unrealized gain on available-for-sale securities, net of tax 0 0 0 1,000
Comprehensive income (loss) $ 3,331,000 $ 48,270,000 $ (24,575,000) $ 61,047,000
Basic net income (loss) per share (in dollars per share) $ 0.05 $ 0.76 $ (0.36) $ 0.96
Diluted net income (loss) per share (in dollars per share) $ 0.05 $ 0.65 $ (0.36) $ 0.93
Shares used in computing basic net income (loss) per share (in shares) 72,747 63,917 67,332 63,714
Shares used in computing diluted net income (loss) per share (in shares) 72,747 82,690 67,332 82,282
Product sales, net        
Revenues:        
Total revenues $ 27,502,000 $ 29,435,000 $ 79,889,000 $ 100,627,000
Commercialization agreement, net        
Revenues:        
Total revenues 27,304,000 27,781,000 89,163,000 142,760,000
Royalties and milestones        
Revenues:        
Total revenues $ 341,000 $ 20,277,000 $ 1,226,000 $ 25,784,000