XML 18 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Income (Unaudited) (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:        
Product sales $ 132,921 $ 132,734 $ 271,033 $ 263,303
Collaborative research revenue 1,617 4,141 5,185 7,405
Royalty and license revenue 1,360 1,774 2,718 3,360
Total revenues 135,898 138,649 278,936 274,068
Operating expenses:        
Cost of product sales (excluding acquisition-related intangible amortization) 39,431 44,311 81,374 86,972
Acquisition-related intangible amortization 2,729 2,199 5,534 4,415
Research and development 27,713 27,104 56,676 56,785
Marketing and sales 17,510 15,824 34,032 30,605
General and administrative 18,703 15,018 36,856 29,697
Total operating expenses 106,086 104,456 214,472 208,474
Income from operations 29,812 34,193 64,464 65,594
Other income (expense):        
Investment and interest income 2,937 3,269 3,672 7,167
Interest expense (497) (549) (1,000) (1,095)
Gain on contingent consideration   4,337   6,082
Other income (expense), net 1,315 (190) 1,492 (349)
Total other income, net 3,755 6,867 4,164 11,805
Income before income tax 33,567 41,060 68,628 77,399
Income tax expense 11,223 12,950 23,007 25,096
Net income $ 22,344 $ 28,110 $ 45,621 $ 52,303
Net income per share:        
Basic $ 0.47 $ 0.57 $ 0.95 $ 1.06
Diluted $ 0.45 $ 0.57 $ 0.93 $ 1.05
Weighted average shares outstanding:        
Basic 47,884 48,902 47,873 49,066
Diluted 49,338 49,366 49,196 49,549