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SELECTED QUARTERLY FINANCIAL DATA (UNADUITED) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of selected quarterly financial data (unaudited)
The following tables set forth certain unaudited quarterly financial data for each of the eight quarters beginning with the quarter ended March 31, 2018 through the quarter ended December 31, 2019 (in thousands). This quarterly financial data is unaudited, but has been prepared on the same basis as the annual financial statements and, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments necessary for a fair representation of the information for the periods presented. Operating results for any quarter are not necessarily indicative of results for any future period.
 
 
 
2019 Quarter Ended
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
Product sales
 
$
26,450

 
$
25,937

 
$
27,502

 
$
28,917

Total revenues
 
57,929

 
57,203

 
55,147

 
59,225

Income (loss) from operations (1)
 
3,072

 
3,618

 
(10,133
)
 
(190,985
)
Net (loss) income
 
(14,301
)
 
(13,605
)
 
3,331

 
(192,626
)
Basic net (loss) income per share
 
$
(0.22
)
 
$
(0.21
)
 
$
0.05

 
$
(2.65
)
Diluted net (loss) income per share
 
$
(0.22
)
 
$
(0.21
)
 
$
0.05

 
$
(2.65
)
 
(1) At December 31, 2019 the Company recognized an impairment loss of $189.8 million on its NUCYNTA intangible.
 
 
2018 Quarter Ended
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
Product sales
 
$
44,354

 
$
26,838

 
$
29,435

 
$
29,339

Total revenues
 
128,404

 
63,274

 
77,493

 
42,599

Income (loss) from operations
 
51,338

 
(4,225
)
 
9,628

 
(13,082
)
Net income (loss)
 
33,824

 
(21,048
)
 
48,270

 
(24,138
)
Basic net income (loss) per share
 
$
0.53

 
$
(0.33
)
 
$
0.76

 
$
(0.38
)
Diluted net income (loss) per share
 
$
0.48

 
$
(0.33
)
 
$
0.65

 
$
(0.38
)