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Restatement of Consolidated Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The restatement tables below present a reconciliation from the previously reported amounts to the restated amounts (in thousands, except shares and per share amounts). The amounts originally reported were derived from the Company’s Quarterly Report on Form 10-Q for the interim period ended June 30, 2020. Certain line items in the quarterly financial data below were excluded because they were not impacted by the restatement.
|  | For the Three Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Operations |  |  |  |  |  |
Revenue: |  |  |  |  |  |
Royalties |  | $ | 16,957 |  |  | $ | 1,787 |  |  | $ | 18,744 |
Total revenue |  | 59,930 |  |  | 1,787 |  |  | 61,717 |
Gross profit |  | 43,782 |  |  | 1,787 |  |  | 45,569 |
Operating expenses: |  |  |  |  |  |
Sales, general and administrative |  | 21,310 |  |  | 411 |  |  | 21,721 |
Total operating expenses |  | 56,246 |  |  | 411 |  |  | 56,657 |
Operating income (loss) |  | (12,464) |  |  | 1,376 |  |  | (11,088) |
Interest income and other income (expense), net |  | 4,597 |  |  | 91 |  |  | 4,688 |
Interest and other income (expense), net |  | 2,017 |  |  | 91 |  |  | 2,108 |
Income (loss) before income taxes |  | (10,447) |  |  | 1,467 |  |  | (8,980) |
Provision for (benefit from) income taxes |  | 334 |  |  | (174) |  |  | 160 |
Net income (loss) |  | (10,781) |  |  | 1,641 |  |  | (9,140) |
Net income (loss) per share: |  |  |  |  |  |
Basic |  | $ | (0.09) |  |  | $ | 0.01 |  |  | $ | (0.08) |
Diluted |  | $ | (0.09) |  |  | $ | 0.01 |  |  | $ | (0.08) |
|  | For the Six Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Operations |  |  |  |  |  |
Revenue: |  |  |  |  |  |
Royalties |  | $ | 36,651 |  |  | $ | 3,575 |  |  | $ | 40,226 |
Total revenue |  | 123,919 |  |  | 3,575 |  |  | 127,494 |
Gross profit |  | 91,886 |  |  | 3,575 |  |  | 95,461 |
Operating expenses: |  |  |  |  |  |
Sales, general and administrative |  | 44,205 |  |  | 822 |  |  | 45,027 |
Total operating expenses |  | 115,189 |  |  | 822 |  |  | 116,011 |
Operating income (loss) |  | (23,303) |  |  | 2,753 |  |  | (20,550) |
Interest income and other income (expense), net |  | 10,971 |  |  | 160 |  |  | 11,131 |
Interest and other income (expense), net |  | 5,836 |  |  | 160 |  |  | 5,996 |
Income (loss) before income taxes |  | (17,467) |  |  | 2,913 |  |  | (14,554) |
Provision for (benefit from) income taxes |  | 1,297 |  |  | (172) |  |  | 1,125 |
Net income (loss) |  | (18,764) |  |  | 3,085 |  |  | (15,679) |
Net income (loss) per share: |  |  |  |  |  |
Basic |  | $ | (0.17) |  |  | $ | 0.03 |  |  | $ | (0.14) |
Diluted |  | $ | (0.17) |  |  | $ | 0.03 |  |  | $ | (0.14) |
|  | For the Three Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Comprehensive Loss |  |  |  |  |  |
Net income (loss) |  | $ | (10,781) |  |  | $ | 1,641 |  |  | $ | (9,140) |
Total comprehensive income (loss) |  | (10,645) |  |  | 1,641 |  |  | (9,004) |
|  | For the Six Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Comprehensive Loss |  |  |  |  |  |
Net income (loss) |  | $ | (18,764) |  |  | $ | 3,085 |  |  | $ | (15,679) |
Total comprehensive income (loss) |  | (18,724) |  |  | 3,085 |  |  | (15,639) |
|  | For the Three and Six Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Stockholders’ Equity |  |  |  |  |  |
Net loss attributable to: |  |  |  |  |  |
Accumulated deficit |  | $ | (309,008) |  |  | $ | 7,540 |  |  | $ | (301,468) |
Total stockholders’ equity |  | 965,190 |  |  | 7,540 |  |  | 972,730 |
|  | For the Six Months Ended June 30, 2020
|  | As Originally Reported |  | Adjustments |  | As Restated
Condensed Consolidated Statement of Cash Flows |  |  |  |  |  |
Cash flows from operating activities: |  |  |  |  |  |
Net income (loss) |  | $ | (18,764) |  |  | $ | 3,085 |  |  | $ | (15,679) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |
Depreciation |  | 14,625 |  |  | 822 |  |  | 15,447 |
Deferred income taxes |  | 102 |  |  | (49) |  |  | 53 |
Change in operating assets and liabilities, net of effects of acquisitions: |  |  |  |  |  |
Unbilled receivables |  | 83,577 |  |  | (3,735) |  |  | 79,842 |
Prepaid expenses and other assets |  | 1,849 |  |  | (123) |  |  | 1,726 |
Net cash provided by operating activities |  | 99,273 |  |  | — |  |  | 99,273 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794 + Details
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