XML 55 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Total revenue $ 195,892 $ 213,312 $ 236,707
Operating expenses:      
Cost of product sales 47,891 42,374 33,714
Cost of royalty revenue 13,006 19,542 23,472
Research and development 36,810 44,419 32,607
Selling, general and administrative 76,370 60,509 71,416
Restructuring charge 0 7,911 0
Asset impairment charge 0 2,704 7,235
Change in fair value of contingent consideration 0 (763) (7,377)
Legal settlement 0 0 1,650
Total operating expenses 174,077 176,696 162,717
Income from operations 21,815 36,616 73,990
Interest income 2,169 158 91
Interest expense (2,686) (2,736) (1,136)
Other income 700 0 0
Total other income (expense), net 183 (2,578) (1,045)
Income before income tax 21,998 34,038 72,945
Income tax provision 7,685 2,135 21,002
Net income 14,313 31,903  
Net income $ 14,313 $ 31,903 $ 51,943
Earnings per share:      
Basic (in dollars per share) $ 1.04 $ 2.16 $ 3.44
Diluted (in dollars per share) $ 1.01 $ 2.09 $ 3.27
Weighted average number of common shares outstanding:      
Basic (in shares) 13,754,516 14,768,625 15,102,890
Diluted (in shares) 14,138,733 15,278,651 15,908,211
Product sales      
Revenue:      
Total revenue $ 73,989 $ 70,385 $ 45,327
Royalty revenue      
Revenue:      
Total revenue 112,903 142,927 153,880
License and other revenue      
Revenue:      
Total revenue $ 9,000 $ 0 $ 37,500