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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE:        
Material sales $ 47,041 $ 23,465 $ 140,506 $ 70,084
Royalty and license fees 12,013 5,209 72,705 52,569
Contract research services 2,629 1,540 6,551 1,656
Total revenue 61,683 30,214 219,762 124,309
COST OF SALES 13,465 6,458 37,762 17,194
Gross margin 48,218 23,756 182,000 107,115
OPERATING EXPENSES:        
Research and development 11,596 10,118 34,099 31,562
Selling, general and administrative 11,695 8,465 31,611 22,728
Amortization of acquired technology and other intangible assets 5,498 5,461 16,485 11,039
Patent costs 1,875 1,900 5,096 4,476
Royalty and license expense 1,764 815 6,342 3,656
Total operating expenses 32,428 26,759 93,633 73,461
OPERATING INCOME (LOSS) 15,790 (3,003) 88,367 33,654
Interest income, net 861 568 2,328 1,544
Other income (expense), net 6 (68) (7) (1,982)
Interest and other income, net 867 500 2,321 (438)
INCOME (LOSS) BEFORE INCOME TAXES 16,657 (2,503) 90,688 33,216
INCOME TAX BENEFIT (EXPENSE) (3,137) 1,003 (19,616) (10,965)
NET INCOME (LOSS) $ 13,520 $ (1,500) $ 71,072 $ 22,251
NET INCOME (LOSS) PER COMMON SHARE:        
BASIC $ 0.28 $ (0.03) $ 1.50 $ 0.47
DILUTED $ 0.28 $ (0.03) $ 1.49 $ 0.47
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME (LOSS) PER COMMON SHARE:        
BASIC 46,801,051 46,947,621 46,716,726 46,889,913
DILUTED 46,871,720 46,947,621 46,793,429 47,015,262
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.03   $ 0.09