Summary of Unaudited Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results and cash flows of interim periods. Summarized quarterly data for 2019 and 2018 are as follows (in thousands, except per share amounts):

	First Quarter*		Second Quarter		Third Quarter		Fourth Quarter
2019
Total revenues	$	43,484	$	24,987	$	24,808	$	27,003
Total operating costs and expenses	29,738		29,117		29,966		37,182
Income tax (expense) benefit	(176,376)		3,609		4,620		810
Net income (loss)	666,337		(14,419)		(15,251)		(7,365)
Basic per share amounts:
Net income (loss)	$	32.59	$	(0.74)	$	(0.81)	$	(0.43)
Diluted per share amounts:
Net income (loss)	$	31.32	$	(0.74)	$	(0.81)	$	(0.43)
Weighted average shares—basic	20,447		19,558		18,770		17,243
Weighted average shares—diluted	21,277		19,558		18,770		17,243
*includes pre-tax gain from sale of Promacta license of $812,797.
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2018
Total revenues	$	56,157	$	90,043	$	45,663	$	59,590
Total operating costs and expenses	19,116		19,868		22,301		26,441
Income tax (expense) benefit	(10,033)		(22,419)		(11,864)		14,307
Net income (loss)	45,279		73,160		67,362		(42,482)
Basic per share amounts:
Net income (loss)	$	2.13	$	3.45	$	3.19	$	(2.02)
Diluted per share amounts:
Net income (loss)	$	1.83	$	2.99	$	2.80	$	(2.02)
Weighted average shares—basic	21,209		21,212		21,148		21,071
Weighted average shares—diluted	24,800		24,438		24,052		21,071