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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue        
Net product sales $ 73,328 $ 50,335 $ 129,697 $ 93,360
Royalty revenue 1,179 1,205 2,328 2,324
Licensing revenue 1,322 86 1,380 135
Total revenue 75,829 51,626 133,405 95,819
Costs and expenses        
Cost of product sales 3,861 2,751 6,809 4,786
Research and development 10,823 11,109 20,425 21,671
Selling, general and administrative 35,078 26,121 63,316 51,281
Total costs and expenses 49,762 39,981 90,550 77,738
Operating income 26,067 11,645 42,855 18,081
Other income (expense)        
Interest income 656 365 1,187 693
Interest expense (58) (196) (147) (375)
Interest expense-nonrecourse liability related to sale of future royalties (160) (1,281) (1,119) (2,560)
Changes in fair value of derivative liabilities 23 123 76 224
Loss on extinguishment of debt (103)   (204) (382)
Total other income (expense) 358 (989) (207) (2,400)
Earnings before income taxes 26,425 10,656 42,648 15,681
Income tax expense 9,057 405 14,983 605
Net income $ 17,368 $ 10,251 $ 27,665 $ 15,076
Earnings per share:        
Basic (in dollars per share) $ 0.34 $ 0.21 $ 0.55 $ 0.31
Diluted (in dollars per share) $ 0.32 $ 0.18 $ 0.52 $ 0.28
Weighted-average number of common shares outstanding:        
Basic (in shares) 50,530,968 49,427,825 50,345,830 49,333,962
Diluted (in shares) 53,223,714 51,745,342 53,026,323 51,484,686