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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES $ 72,523 $ 75,079 $ 216,763 $ 232,078
OPERATING EXPENSES:        
Patent administration and licensing 34,772 32,077 108,196 85,480
Development 20,506 17,276 56,028 49,279
Selling, general and administrative 13,471 12,806 40,000 38,569
TOTAL OPERATING EXPENSES 68,749 62,159 204,224 173,328
Income from operations 3,774 12,920 12,539 58,750
INTEREST EXPENSE (10,920) (9,039) (30,305) (27,242)
OTHER INCOME (EXPENSE), NET 7,803 (4,914) 23,772 2,106
Income (loss) before income taxes 657 (1,033) 6,006 33,614
INCOME TAX BENEFIT (PROVISION) 178 21,143 (3,007) 25,001
NET INCOME 835 20,110 2,999 58,615
Net loss attributable to noncontrolling interest (1,399) (1,642) (4,175) (4,333)
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 2,234 $ 21,752 $ 7,174 $ 62,948
NET INCOME PER COMMON SHARE — BASIC (in usd per share) $ 0.07 $ 0.63 $ 0.23 $ 1.81
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC (in shares) 31,130 34,651 31,757 34,687
NET INCOME PER COMMON SHARE — DILUTED (in usd per share) $ 0.07 $ 0.61 $ 0.22 $ 1.77
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED (in shares) 31,308 35,607 32,010 35,614
Patent licensing royalties        
REVENUES $ 68,049 $ 74,045 $ 207,994 $ 230,018
Technology solutions        
REVENUES 3,724 1,034 7,794 2,060
Patent sales        
REVENUES $ 750 $ 0 $ 975 $ 0