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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
 
 
 
 
 
Fair value measurement at reporting date using
 
 
 
 
 
(in thousands)
 
 
 
 
 
Quoted prices in
 
 
 
 
 
 
 
 
 
active markets for
 
Significant other
 
Significant
 
 
 
 
 
identical assets
 
observable inputs
 
unobservable
 
Derivative liabilities on account of convertible notes
 
Balance
 
(Level 1)
 
(Level 2)
 
inputs (Level 3)
 
As of March 31, 2015
 
$
32,775
 
 
-
 
 
-
 
$
32,775
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Basic net income per share of common stock is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net income per share of common stock is computed using the weighted average number of shares of common stock and potential dilutive common stock equivalents outstanding during the period. Potential dilutive common stock equivalents include shares issuable upon the conversion of the convertible 3.75% senior Notes and the exercise of options and warrants.
 
For the three months ended March 31, 2015 and 2014
(in thousands except shares and per share data)
 
 
 
2015
 
2014
 
Basic earnings per share computation:
 
 
 
 
 
 
 
Net income - basic
 
$
6,555
 
$
167
 
Weighted average common shares - basic
 
 
52,841,900
 
 
46,826,733
 
Basic earnings per share
 
$
0.12
 
$
0.00
 
 
 
 
 
 
 
 
 
Dillutive earnings per share computation:
 
 
 
 
 
 
 
Net income - basic
 
$
6,555
 
$
167
 
Interest expense related to convertible 3.75% senior notes
 
 
1,348
 
 
-
 
Amortization of discount related to convertible 3.75% senior notes
 
 
1,590
 
 
-
 
Change in the fair value of derivative liability
 
 
(8,625)
 
 
-
 
Net income - diluted
 
$
868
 
$
167
 
 
 
 
 
 
 
 
 
Share Computation:
 
 
 
 
 
 
 
Weighted average common shares - basic
 
 
52,841,900
 
 
46,826,733
 
Effect of convertible 3.75% senior notes
 
 
12,732,168
 
 
-
 
Effect of dilutive stock options and warrants
 
 
1,636,109
 
 
1,702,870
 
Weighted average common shares outstanding - dilluted
 
 
67,210,177
 
 
48,529,603
 
Dilluted earnings per share
 
$
0.01
 
$
0.00
 
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Net revenues and accounts receivable balances in the Company’s consolidated financial statements are presented net of SRA estimates. Certain SRA balances are included in accounts payable and accrued expenses.        
 
Gross-To-Net Sales Deductions
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31,
 
 
 
2015
 
2014
 
 
 
(in thousands)
 
 
 
 
 
 
 
Gross IGI product sales
 
$
22,307
 
$
5,025
 
 
 
 
 
 
 
 
 
Reduction to gross product sales:
 
 
 
 
 
 
 
Chargebacks and billbacks
 
 
12,512
 
 
1,584
 
Sales discounts and other allowances
 
 
1,699
 
 
498
 
Total reduction to gross product sales
 
$
14,211
 
$
2,082
 
 
 
 
 
 
 
 
 
Net IGI product sales
 
$
8,096
 
$
2,943