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Condensed Consolidated Statements of Earnings (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Total revenues $ 175,689 $ 153,880 $ 487,658 $ 443,207
Costs and expenses        
Cost of goods sold [1] 17,583 19,601 51,808 64,152
Research and development 29,036 22,655 80,149 68,246
Selling, general and administrative 69,753 82,700 242,173 255,079
Amortization of intangible assets 19,488 21,242 59,733 61,316
Contingent consideration gain (1,016) (456) (6,466) (1,313)
Total costs and expenses 134,844 145,742 427,397 447,480
Operating earnings (loss) 40,845 8,138 60,261 (4,273)
Other income (expense)        
Interest and other income, net 4,098 1,751 11,227 8,467
Interest expense 0 0 0 (2,415)
Total other income (expense) 4,098 1,751 11,227 6,052
Earnings before income taxes 44,943 9,889 71,488 1,779
Income tax expense 6,446 25,865 12,951 1,638
Net earnings (loss) $ 38,497 $ (15,976) $ 58,537 $ 141
Earnings (loss) per share        
Basic (in dollars per share) $ 0.70 $ (0.29) $ 1.06 $ 0.00
Diluted (in dollars per share) $ 0.69 $ (0.29) $ 1.05 $ 0.00
Weighted average shares outstanding        
Basic (in shares) 55,149,760 54,608,963 54,977,199 54,498,687
Diluted (in shares) 56,016,350 54,608,963 55,791,185 55,574,922
Net product sales        
Revenues        
Total revenues $ 170,302 $ 149,004 $ 471,301 $ 417,915
Royalty, licensing and other revenues        
Revenues        
Total revenues $ 5,387 $ 4,876 $ 16,357 $ 25,292
[1] Excludes amortization of acquired intangible assets