XML 25 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2022
Jul. 02, 2021
Jul. 01, 2022
Jul. 02, 2021
Revenues:        
Total revenues $ 419,427 $ 385,177 $ 775,407 $ 655,407
Operating expenses:        
Cost of goods sold 13,481 14,884 26,684 28,082
Research and development 199,481 148,790 356,152 308,078
Selling, general and administrative 122,759 98,495 225,622 200,846
Total operating expenses 335,721 262,169 608,458 537,006
Income from operations 83,706 123,008 166,949 118,401
Interest income 4,757 1,891 6,579 4,573
Other income (expense), net 45 (11) 209 (101)
Income before income taxes 88,508 124,888 173,737 122,873
Provision for income taxes 17,836 28,796 34,492 25,180
Net income $ 70,672 $ 96,092 $ 139,245 $ 97,693
Net income per share:        
Basic (in dollars per share) $ 0.22 $ 0.31 $ 0.43 $ 0.31
Diluted (in dollars per share) $ 0.22 $ 0.30 $ 0.43 $ 0.30
Weighted-average common shares outstanding:        
Basic (in shares) 321,117 314,117 320,349 313,295
Diluted (in shares) 324,904 322,941 324,096 322,114
Net product revenues        
Revenues:        
Total revenues $ 347,044 $ 284,248 $ 657,342 $ 511,460
License revenues        
Revenues:        
Total revenues 57,526 39,640 89,593 67,168
Collaboration services revenues        
Revenues:        
Total revenues $ 14,857 $ 61,289 $ 28,472 $ 76,779