SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of net revenues

	Three months ended June 30,				Six months ended June 30,
	2013		2012		2013		2012
Testim revenues-
Net U.S. revenues	$	53,185	$	62,456	$	98,465	$	120,363
International revenues	1,209		1,268		1,382		2,051
	54,394		63,724		99,847		122,414
XIAFLEX revenues-
Net U.S. revenues	14,952		11,900		26,919		24,491
International revenues	3,916		2,547		12,668		4,873
	18,868		14,447		39,587		29,364
Other net U.S. revenues-
TESTOPEL	14,382		0		14,382		0
Edex	5,032		0		5,032		0
Other	7,843		0		7,843		0
	27,257		0		27,257		0
Total net revenues	$	100,519	$	78,171	$	166,691	$	151,778

Reconciliation of net income and weighted average common shares outstanding for purposes of calculating basic and diluted income per common share

Basic income (loss) per share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Numerator:
Net income (loss)	$	57,646		$	7,724		$	49,486		$	5,976
Denominator:
Weighted-average common shares outstanding	49,313,106			48,592,506			49,304,301			48,639,339
Weighted-average unvested restricted common shares subject to forfeiture	(32,955		)	(17,088		)	(40,469		)	(14,813		)
Shares used in calculating basic net income (loss) per common share	49,280,151			48,575,418			49,263,832			48,624,526
Basic net income (loss) per common share	$	1.17		$	0.16		$	1.00		$	0.12

Diluted income (loss) per share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Numerator:
Net income (loss)	$	57,646		$	7,724		$	49,486		$	5,976
Denominator:
Weighted-average common shares outstanding	49,313,106			48,592,506			49,304,301			48,639,339
Weighted-average unvested restricted common shares subject to forfeiture	(32,955		)	(17,088		)	(40,469		)	(14,813		)
Incremental shares from assumed conversions of stock compensation plans	303,226			596,794			301,086			670,810
Shares used in calculating diluted net income (loss) per common share	49,583,377			49,172,212			49,564,918			49,295,336
Diluted net income (loss) per common share	$	1.16		$	0.16		$	1.00		$	0.12