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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following table presents selected Consolidated Statements of Operations data for each quarter for the fiscal year ended December 31, 2015 and 2014.
 
For the year ended December 31,
 
Fourth Quarter
 
Third Quarter
 
Second Quarter
 
First Quarter
2015:
 
 
 
 
 
 
 
Net product sales
$
30,447

 
$
28,005

 
$
24,068

 
$
17,372

Total operating expenses
45,651

 
48,501

 
31,012

 
25,476

Operating loss
(15,204
)
 
(20,496
)
 
(6,944
)
 
(8,104
)
Total other income (expense), net
2,210

 
164,835

 
(18,568
)
 
7,738

Income (loss) before provision for income taxes
(12,994
)
 
144,339

 
(25,512
)
 
(366
)
Income tax benefit(provision)
10,525

 
(38,761
)
 
(15
)
 
40,021

Net income (loss)
$
(2,469
)
 
$
105,578

 
$
(25,527
)
 
$
39,655

Per Share Data:
 
 
 
 
 
 
 
Net income (loss) per common share, basic
$
(0.07
)
 
$
2.95

 
$
(0.73
)
 
$
1.46

Net income (loss) per common share, diluted
$
(0.14
)
 
$
1.78

 
$
(0.73
)
 
$
1.32

 
 
 
 
 
 
 
 
2014:
 
 
 
 
 
 
 
Net product sales
$
14,085

 
$
8,348

 
$
5,742

 
$
28

Total operating expenses
32,782

 
30,215

 
22,924

 
22,090

Operating loss
(18,697
)
 
(21,867
)
 
(17,182
)
 
(22,062
)
Total other income (expense), net
(10,330
)
 
3,887

 
26,462

 
(53,609
)
Income (loss) before provision for income taxes
(29,027
)
 
(17,980
)
 
9,280

 
(75,671
)
Income tax benefit(provision)
—

 
—

 
2,525

 
(65
)
Net income (loss)
$
(29,027
)
 
$
(17,980
)
 
$
11,805

 
$
(75,736
)
Per Share Data:
 
 
 
 
 
 
 
Net income (loss) per common share, basic
$
(1.10
)
 
$
(0.67
)
 
$
0.46

 
$
(3.25
)
Net income (loss) per common share, diluted
$
(1.10
)
 
$
(0.84
)
 
$
(0.77
)
 
$
(3.25
)