XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Earnings - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 155,135 $ 102,140 $ 376,840 $ 292,309
Costs and expenses        
Cost of goods sold [1] 21,388 4,819 33,926 12,547
Research and development 16,839 16,943 58,023 49,307
Selling, general and administrative 54,660 39,343 144,377 118,782
Amortization of intangible assets 6,108 1,306 9,814 3,918
Total costs and expenses 98,995 62,411 246,140 184,554
Operating earnings 56,140 39,729 130,700 107,755
Other income (expense)        
Interest income 3,262 5,559 12,988 15,696
Interest expense (6,088) (5,662) (17,658) (16,930)
Other income (expense), net (603) (36) 2,925 54
Total other expense (3,429) (139) (1,745) (1,180)
Earnings before income taxes 52,711 39,590 128,955 106,575
Income tax expense 12,714 10,730 32,773 26,648
Net earnings $ 39,997 $ 28,860 $ 96,182 $ 79,927
Earnings per share        
Basic (in dollars per share) $ 0.76 $ 0.55 $ 1.83 $ 1.53
Diluted (in dollars per share) $ 0.74 $ 0.54 $ 1.79 $ 1.48
Weighted-average shares outstanding        
Basic (in shares) 52,658,850 52,453,384 52,583,891 52,392,232
Diluted (in shares) 53,762,642 53,805,838 53,663,273 53,898,486
Net product sales        
Revenues        
Total revenues $ 152,133 $ 100,034 $ 368,607 $ 285,491
Royalty revenues        
Revenues        
Total revenues $ 3,002 $ 2,106 $ 8,233 $ 6,818
[1] Excludes amortization of acquired intangible assets