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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Net product sales $ 78,066 $ 55,618 $ 207,763 $ 148,978
Royalty revenue 2,010 1,140 4,338 3,464
Licensing revenue 322 52 1,702 187
Total revenue 80,398 56,810 213,803 152,629
Costs and expenses        
Cost of product sales 4,251 3,428 11,060 8,214
Research and development 12,980 7,868 33,405 29,539
Selling, general and administrative 40,825 25,675 104,141 76,956
Total costs and expenses 58,056 36,971 148,606 114,709
Operating income 22,342 19,839 65,197 37,920
Other income (expense)        
Interest income 814 378 2,002 1,071
Interest expense   (202) (148) (577)
Interest expense-nonrecourse liability related to sale of future royalties (155) (1,004) (1,274) (3,564)
Changes in fair value of derivative liabilities   125 76 349
Loss on extinguishment of debt (91)   (295) (382)
Total other income (expense) 568 (703) 361 (3,103)
Earnings before income taxes 22,910 19,136 65,558 34,817
Income tax expense (benefit) 6,949 (42,690) 21,932 (42,085)
Net income $ 15,961 $ 61,826 $ 43,626 $ 76,902
Earnings per share:        
Basic (in dollars per share) $ 0.31 $ 1.25 $ 0.86 $ 1.56
Diluted (in dollars per share) $ 0.29 $ 1.18 $ 0.82 $ 1.48
Weighted-average number of common shares outstanding:        
Basic (in shares) 51,046,375 49,516,595 50,583,726 49,395,284
Diluted (in shares) 53,628,389 51,974,435 53,227,433 51,615,334