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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Revenues $ 40,031 $ 6,562 $ 172,422 $ 7,017
Costs of revenues        
Research and development 21,486 13,917 41,036 30,536
General and administrative 8,318 6,355 16,698 12,977
Other operating expenses 5 29 33 74
Total operating expenses 33,681 21,618 64,047 44,995
Income (loss) from operations 6,350 (15,056) 108,375 (37,978)
Other Income        
Interest income from licensing 6,898   8,253  
Investment income 1,196 583 2,055 1,512
Total other income 8,094 583 10,308 1,512
Income (loss) before income taxes 14,444 (14,473) 118,683 (36,466)
Income Tax Expense (3,850)   (3,850)  
Net income (loss) 10,594 (14,473) 114,833 (36,466)
Other Comprehensive Income (Loss)        
Unrealized gain (loss) on available-for-sale securities, net of reclassifications and income tax expense 132 (74) (56) (613)
Total other comprehensive income (loss) 132 (74) (56) (613)
Comprehensive income (loss) 10,726 (14,547) 114,777 (37,079)
Net income (loss) applicable to common stockholders $ 10,594 $ (14,473) $ 114,833 $ (36,466)
Net income (loss) per share:        
Basic $ 0.33 $ (0.47) $ 3.60 $ (1.27)
Diluted $ 0.30 $ (0.47) $ 3.29 $ (1.27)
Weighted-average common shares outstanding:        
Basic 32,082 30,662 31,858 28,678
Diluted 35,272 30,662 34,884 28,678
License [Member]        
Revenues        
Revenues $ 40,031 $ 6,555 $ 172,422 $ 7,010
Costs of revenues        
Costs of revenues $ 3,872 1,311 $ 6,280 1,402
Other [Member]        
Revenues        
Revenues   7   7
Costs of revenues        
Costs of revenues   $ 6   $ 6