XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 102,996 $ 80,398 $ 292,963 $ 213,803
Costs and expenses        
Cost of product sales 4,207 4,251 11,168 11,060
Research and development 20,422 12,980 59,368 33,405
Selling, general and administrative 40,892 40,825 117,838 104,141
Total costs and expenses 65,521 58,056 188,374 148,606
Operating earnings 37,475 22,342 104,589 65,197
Other income (expense)        
Interest income 4,461 814 9,331 2,002
Interest expense (4,374)   (9,415) (148)
Interest expense-nonrecourse liability related to sale of future royalties (1,191) (155) (3,096) (1,274)
Changes in fair value of derivative liabilities       76
Loss on extinguishment of debt   (91)   (295)
Total other income (expense) (1,104) 568 (3,180) 361
Earnings before income taxes 36,371 22,910 101,409 65,558
Income tax expense 8,360 6,949 16,309 21,932
Net earnings $ 28,011 $ 15,961 $ 85,100 $ 43,626
Earnings per share:        
Basic (in dollars per share) $ 0.54 $ 0.31 $ 1.64 $ 0.86
Diluted (in dollars per share) $ 0.52 $ 0.29 $ 1.57 $ 0.82
Weighted-average number of common shares outstanding:        
Basic (in shares) 52,227,630 51,046,375 51,897,240 50,583,726
Diluted (in shares) 54,239,847 53,628,389 54,098,330 53,227,433
Product        
Revenue        
Total revenue $ 100,227 $ 78,066 $ 286,377 $ 207,763
Royalty        
Revenue        
Total revenue $ 2,769 2,010 5,836 4,338
Licensing        
Revenue        
Total revenue   $ 322 $ 750 $ 1,702