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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Royalties $ 72,787 $ 68,298 $ 211,733 $ 194,010
Product revenue 8,661 7,092 27,966 14,306
Contract and other revenue 17,686 14,465 51,506 30,722
Total revenue 99,134 89,855 291,205 239,038
Operating costs and expenses:        
Cost of product revenue [1] 5,152 7,031 17,882 12,581
Cost of contract and other revenue 14,456 12,393 43,274 33,139
Research and development [1] 36,196 33,820 109,718 91,100
Sales, general and administrative [1] 26,799 24,795 82,122 69,679
Gain from sale of intellectual property (479) 0 (479) 0
Gain from settlement 0 0 0 (579)
Total operating costs and expenses 82,124 78,039 252,517 205,920
Operating income (loss) 17,010 11,816 38,688 33,118
Interest income and other income (expense), net 208 142 491 1,522
Interest expense (3,287) (3,193) (9,754) (9,497)
Interest and other income (expense), net (3,079) (3,051) (9,263) (7,975)
Income before income taxes 13,931 8,765 29,425 25,143
Provision for (benefit from) income taxes 6,236 4,254 16,119 14,878
Net Income (Loss) $ 7,695 $ 4,511 $ 13,306 $ 10,265
Net income per share:        
Earnings Per Share, Basic $ 0.07 $ 0.04 $ 0.12 $ 0.09
Earnings Per Share, Diluted $ 0.07 $ 0.04 $ 0.12 $ 0.09
Weighted average shares used in per share calculation:        
Basic (in shares) 109,555 110,214 110,353 109,951
Diluted (in shares) 113,119 113,723 113,861 112,805
[1] Includes stock-based compensation