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Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Total revenues $ 126,729 $ 104,695 $ 221,705 $ 190,169
Costs and expenses        
Cost of goods sold [1] 8,386 4,044 12,538 7,728
Research and development 22,247 16,970 41,184 32,364
Selling, general and administrative 48,103 39,777 89,717 79,439
Amortization of intangible assets 2,445 1,306 3,706 2,612
Total costs and expenses 81,181 62,097 147,145 122,143
Operating earnings 45,548 42,598 74,560 68,026
Other income (expense)        
Interest income 4,151 5,448 9,726 10,137
Interest expense (5,815) (5,389) (11,570) (11,268)
Other income, net 3,326 89 3,528 90
Total other income (expense) 1,662 148 1,684 (1,041)
Earnings before income taxes 47,210 42,746 76,244 66,985
Income tax expense 12,543 10,019 20,059 15,918
Net earnings $ 34,667 $ 32,727 $ 56,185 $ 51,067
Earnings per share        
Basic (in dollars per share) $ 0.66 $ 0.62 $ 1.07 $ 0.98
Diluted (in dollars per share) $ 0.65 $ 0.61 $ 1.05 $ 0.95
Weighted-average shares outstanding        
Basic (in shares) 52,557,035 52,385,590 52,545,910 52,361,149
Diluted (in shares) 53,645,828 53,912,977 53,611,418 53,947,834
Net product sales        
Revenues        
Total revenues $ 123,984 $ 102,358 $ 216,474 $ 185,457
Royalty revenues        
Revenues        
Total revenues $ 2,745 $ 2,337 $ 5,231 $ 4,712
[1] Excludes amortization of acquired intangible assets