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Segment Reporting | 6 Months Ended
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Jul. 04, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | SEGMENT REPORTING We operate in one business segment that focuses on the discovery, development and commercialization of new medicines for difficult-to-treat cancers. Our President and Chief Executive Officer, as the chief operating decision-maker, manages and allocates resources to our operations on a total consolidated basis. Consistent with this decision-making process, our President and Chief Executive Officer uses net income to monitor budget versus actual results for purposes of evaluating performance and to make decisions about the allocation of resources. Our significant segment expenses that are regularly provided to our President and Chief Executive Officer and included in the measure of segment net income consist of consolidated expenses for our operational departments: drug discovery, development, and selling, general and administrative and other segment items. The segment and consolidated net income, including significant segment expenses were as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues | $ | 568,261 |  |  | $ | 637,178 |  |  | $ | 1,123,708 |  |  | $ | 1,062,404 |
Less: |  |  |  |  |  |  |
Cost of goods sold | 19,470 |  |  | 17,667 |  |  | 38,642 |  |  | 38,923 |
Drug discovery | 21,357 |  |  | 25,096 |  |  | 39,610 |  |  | 47,586 |
Development | 134,159 |  |  | 146,234 |  |  | 287,376 |  |  | 319,121 |
Selling, general, and administrative | 112,931 |  |  | 115,839 |  |  | 233,706 |  |  | 214,602 |
Other segment items(1) | 66,718 |  |  | 56,755 |  |  | 124,134 |  |  | 137,212 |
Interest income | (16,789) |  |  | (17,258) |  |  | (35,865) |  |  | (37,152) |
Provision for income taxes | 45,567 |  |  | 66,729 |  |  | 91,641 |  |  | 78,679 |
Segment and consolidated net income | $ | 184,848 |  |  | $ | 226,116 |  |  | $ | 344,464 |  |  | $ | 263,433 |
_________________ (1) Other segment items include stock-based compensation, restructuring expenses, other research and development expenses including the allocation of general corporate costs to research and development services and development cost reimbursements in connection with certain of our collaboration arrangements, and other income (expenses), net. All of our long-lived assets are located in the U.S. See “Note 3. Revenues” for enterprise-wide disclosures about product sales, revenues from major customers and revenues by geographic region.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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