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Condensed Consolidated Statements of Income (Unaudited) Statement (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES $ 69,873 $ 91,153 $ 148,331 $ 207,340
OPERATING EXPENSES:        
Patent administration and licensing 16,756 14,707 32,704 32,530
Development 15,763 16,364 33,187 32,528
Selling, general and administrative 7,547 7,008 15,327 14,527
Total Operating Expenses 40,066 38,079 81,218 79,585
Income from operations 29,807 53,074 67,113 127,755
Interest and investment income, net (3,381) 889 (4,323) 1,489
Income before income taxes 26,426 53,963 62,790 129,244
INCOME TAX PROVISION (9,270) (19,000) (22,295) (45,454)
NET INCOME $ 17,156 $ 34,963 $ 40,495 $ 83,790
NET INCOME PER COMMON SHARE — BASIC $ 0.38 $ 0.80 $ 0.89 $ 1.91
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC 45,369 43,971 45,338 43,794
NET INCOME PER COMMON SHARE — DILUTED $ 0.37 $ 0.78 $ 0.88 $ 1.88
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED 45,843 44,706 45,858 44,546
CASH DIVIDEND DECLARED PER COMMON SHARE $ 0.10 $ 0.00 $ 0.20 $ 0.00