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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES $ 87,493 $ 72,523 $ 268,201 $ 216,763
OPERATING EXPENSES:        
Patent administration and licensing 40,364 34,772 119,167 108,196
Development 20,845 20,506 61,755 56,028
Selling, general and administrative 10,854 13,471 35,251 40,000
TOTAL OPERATING EXPENSES 72,063 68,749 216,173 204,224
Income from operations 15,430 3,774 52,028 12,539
INTEREST EXPENSE (10,365) (10,920) (30,881) (30,305)
OTHER INCOME, NET 3,994 7,803 13,806 23,772
Income before income taxes 9,059 657 34,953 6,006
INCOME TAX BENEFIT (PROVISION) 12,843 178 5,879 (3,007)
NET INCOME 21,902 835 40,832 2,999
Net loss attributable to noncontrolling interest (1,882) (1,399) (5,319) (4,175)
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 23,784 $ 2,234 $ 46,151 $ 7,174
NET INCOME PER COMMON SHARE — BASIC (in USD per share) $ 0.77 $ 0.07 $ 1.50 $ 0.23
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC (in shares) 30,804 31,130 30,762 31,757
NET INCOME PER COMMON SHARE — DILUTED (in USD per share) $ 0.76 $ 0.07 $ 1.49 $ 0.22
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED (in shares) 31,119 31,308 31,029 32,010
Patent licensing royalties        
REVENUES $ 85,222 $ 68,049 $ 259,404 $ 207,994
Technology solutions        
REVENUES 2,271 3,724 8,797 7,794
Patent sales        
REVENUES $ 0 $ 750 $ 0 $ 975