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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (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:        
Royalty revenue $ 11,539 $ 9,764 $ 28,510 $ 24,057
Development and license revenue 127 127 254 254
Total revenues 11,666 9,891 28,764 24,311
Operating expenses:        
Research and development 7,992 7,269 15,985 14,705
General and administrative 3,532 2,407 7,152 4,768
Gain on sale of products (700) (700) (700) (700)
Total operating expenses 10,824 8,976 22,437 18,773
Income from operations 842 915 6,327 5,538
Interest income 57 46 106 97
Other income 10   10  
Income before income tax provision 909 961 6,443 5,635
Income tax provision (6)   (50)  
Net income $ 903 $ 961 $ 6,393 $ 5,635
Net income per common share:        
Basic (in dollars per share) $ 0.01 $ 0.02 $ 0.11 $ 0.09
Diluted (in dollars per share) $ 0.01 $ 0.02 $ 0.10 $ 0.09
Weighted average shares outstanding:        
Basic (in shares) 60,399 60,293 60,382 60,251
Diluted (in shares) 61,070 60,770 61,044 60,752