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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Product sales $ 15,286 $ 14,122
Royalty revenue 36,507 9,469
License and other revenue 25,000 6,000
Total revenue 76,793 29,591
Operating expenses:    
Cost of product sales 10,765 12,767
Cost of royalty revenue 7,229 1,822
Research and development 7,525 5,521
Selling, general and administrative 18,578 12,128
Gain on sale of asset 0 (1,750)
Total operating expenses 44,097 30,488
Income (Loss) from operations 32,696 (897)
Interest income 3 21
Interest expense 27 1
Interest expense (27) 0
Total other (expense) income (24) 20
Income (Loss) before income tax provision 32,672 (877)
Income tax provision (9,748) (19)
Net Income (Loss) $ 22,924 $ (896)
Earnings per share attributable to common stockholders:    
Basic (in usd per share) $ 1.50 $ (0.06)
Diluted (in usd per share) $ 1.42 $ (0.06)
Weighted average number of common shares outstanding:    
Basic (in shares) 15,257,892 15,636,387
Diluted (in shares) 16,165,361 15,636,387