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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total net revenues $ 153,302 $ 139,438 $ 259,467 $ 258,824
Costs and expenses:        
Cost of sales 31,094 29,665 52,444 54,848
Cost of license revenue   159   317
Research and development 25,910 51,184 56,470 97,677
Selling, general and administrative 44,263 49,334 91,864 101,359
Changes in fair value of acquired contingent consideration (7,000) 6,400 (800) 17,200
Total operating expenses 94,267 136,742 199,978 271,401
Operating income (loss) 59,035 2,696 59,489 (12,577)
Other (expense) income, net:        
Interest and amortization of debt discount expense (5,414) (5,460) (10,911) (9,603)
Interest income 910 35 1,236 73
Realized (loss) gain on foreign currency transactions (2) 4 (7) (440)
Other income 24   24  
Total other expense, net (4,482) (5,421) (9,658) (9,970)
Income (loss) before taxes 54,553 (2,725) 49,831 (22,547)
Provision for income taxes (8,356) (5,471) (11,833) (4,552)
Net income (loss) $ 46,197 $ (8,196) $ 37,998 $ (27,099)
Net income (loss) per share—basic $ 0.99 $ (0.18) $ 0.82 $ (0.59)
Net income (loss) per share—diluted $ 0.98 $ (0.18) $ 0.81 $ (0.59)
Weighted average common shares outstanding used in computing net income (loss) per share—basic 46,799 45,943 46,546 45,876
Weighted average common shares outstanding used in computing net income (loss) per share—diluted 47,201 45,943 46,974 45,876
Net Product Revenues        
Revenues:        
Total net revenues $ 150,412 $ 132,756 $ 253,415 $ 245,349
Royalty Revenues        
Revenues:        
Total net revenues $ 2,890 4,418 $ 6,052 8,946
License Revenue        
Revenues:        
Total net revenues   $ 2,264   $ 4,529