XML 26 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Product sales $ 96,698 $ 117,512 $ 208,785 $ 204,563
Contract manufacturing 14,712 11,341 32,455 32,443
Contracts, grants and collaborations 31,504 29,525 95,879 92,541
Total revenues 142,914 158,378 337,119 329,547
Operating expenses:        
Cost of product sales and contract manufacturing 39,560 35,240 93,025 73,083
Research and development 27,188 34,179 81,173 93,833
Selling, general and administrative 40,688 25,800 108,328 86,263
Income from operations 35,478 63,159 54,593 76,368
Other income (expense):        
Interest income 358 104 764 459
Interest expense (2,049) (1,635) (5,082) (4,923)
Other income (expense), net (234) 519 (176) 669
Total other expense, net (1,925) (1,012) (4,494) (3,795)
Income from continuing operations before provision for income taxes 33,553 62,147 50,099 72,573
Provision for income taxes 13,165 20,059 19,861 23,648
Net Income from continuing operations 20,388 42,088 30,238 48,925
Income (loss) from discontinued operations (net of tax) 952 (5,145) (15,854) (19,402)
Net income $ 21,340 $ 36,943 $ 14,384 $ 29,523
Net income per share - basic:        
Income from continuing operations (in dollars per share) $ 0.50 $ 1.08 $ 0.75 $ 1.28
Income (loss) from discontinued operations (in dollars per share) 0.02 (0.14) (0.40) (0.51)
Net income per share - basic (in dollars per share) 0.52 0.94 0.35 0.77
Net income per share - diluted:        
Income from continuing operations (in dollars per share) 0.43 [1] 0.90 [1] 0.68 1.11
Income (loss) from discontinued operations (in dollars per share) 0.02 (0.11) (0.32) (0.42)
Net income per share - diluted (in dollars per share) $ 0.45 [1] $ 0.79 [1] $ 0.36 $ 0.69
Weighted-average number of shares - basic (in shares) 40,465,423 38,831,341 40,071,730 38,423,715
Weighted-average number of shares - diluted (in shares) 49,440,313 47,784,550 48,826,597 46,958,179
[1] See Note 8 "Earnings per share" for details on calculation.