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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES $ 124,657 $ 87,735 $ 225,975 $ 170,098
OPERATING EXPENSES:        
Patent administration and licensing 45,417 40,970 87,512 77,544
Development 17,086 21,870 34,698 44,453
Selling, general and administrative 9,516 14,799 20,400 26,016
Restructuring activities 2,738 13,245 3,280 13,245
Total Operating expenses 74,757 90,884 145,890 161,258
Income (loss) from operations 49,900 (3,149) 80,085 8,840
INTEREST EXPENSE (6,272) (6,666) (11,787) (13,656)
OTHER (EXPENSE) INCOME, NET (15,016) 3,039 (16,021) 3,763
Income (loss) before income taxes 28,612 (6,776) 52,277 (1,053)
INCOME TAX PROVISION (8,028) (21) (13,989) (1,786)
NET INCOME (LOSS) 20,584 (6,797) 38,288 (2,839)
Net loss attributable to noncontrolling interest (485) (8,415) (775) (10,028)
NET INCOME ATTRIBUTABLE TO INTERDIGITAL, INC. $ 21,069 $ 1,618 $ 39,063 $ 7,189
NET INCOME PER COMMON SHARE — BASIC (in USD per share) $ 0.69 $ 0.05 $ 1.28 $ 0.23
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — BASIC (in shares) 30,413 30,804 30,557 30,820
NET INCOME PER COMMON SHARE — DILUTED (in USD per share) $ 0.69 $ 0.05 $ 1.26 $ 0.23
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING — DILUTED (in shares) 30,710 31,189 30,992 31,192
Patent licensing royalties        
REVENUES $ 123,985 $ 86,205 $ 225,064 $ 166,378
Technology solutions        
REVENUES $ 672 $ 1,530 $ 911 $ 3,720