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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Net product sales $ 55,618 $ 38,551 $ 148,978 $ 100,914
Royalty Revenue 1,140 776 3,464 2,007
Licensing revenue 52 35 187 857
Royalty revenues 1,140 776 3,464 2,007
Total revenue 56,810 39,362 152,629 103,778
Costs and expenses        
Cost of product sales 3,428 2,248 8,214 5,628
Research and development 7,868 9,129 29,539 19,690
Selling, general and administrative 25,675 22,900 76,956 65,496
Total costs and expenses 36,971 34,277 114,709 90,814
Operating income 19,839 5,085 37,920 12,964
Other income (expense)        
Interest income 379 169 1,073 419
Interest expense (202) (292) (577) (1,004)
Interest expense-non-recourse royalty liability (1,004) (998) (3,564) (2,530)
Changes in fair value of derivative liabilities 125 114 349 66
Loss on extinguishment of debt   (25) (382) (2,400)
Other (expense) income (1) 5 (2) 30
Total other income (expense) (703) (1,027) (3,103) (5,419)
Earnings before income taxes 19,136 4,058 34,817 7,545
Income tax (benefit) expense (42,690) 142 (42,085) 453
Net income $ 61,826 $ 3,916 $ 76,902 $ 7,092
Income per common share:        
Basic (in dollars per share) $ 1.25 $ 0.08 $ 1.56 $ 0.15
Diluted (in dollars per share) $ 1.18 $ 0.08 $ 1.48 $ 0.15
Weighted-average number of common shares outstanding:        
Basic (in shares) 49,516,595 48,515,071 49,395,284 47,011,243
Diluted (in shares) 51,974,435 51,590,797 51,615,334 51,059,466