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QUARTERLY SUPPLEMENTAL FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY SUPPLEMENTAL FINANCIAL DATA (UNAUDITED)

20.

QUARTERLY SUPPLEMENTAL FINANCIAL DATA (UNAUDITED):

The following tables present certain unaudited consolidated quarterly financial information for each of the eight quarters in the two-year period ended December 31, 2016. In the opinion of Company management, this quarterly information has been prepared on the same basis as the consolidated financial statements and includes all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the information for the periods presented. The results of operations for any quarter are not necessarily indicative of the results for the full year or for any future period.

Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2016 (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

 

 

 

 

 

March 31,

2016

 

 

June 30,

2016 (1)

 

 

September

30, 2016

 

 

December 31,

2016 (1)

 

 

Total

 

Revenue

 

$

29,703

 

 

$

64,392

 

 

$

30,214

 

 

$

74,577

 

 

$

198,886

 

Net income (loss)

 

$

1,949

 

 

$

21,802

 

 

$

(1,500

)

 

$

25,819

 

 

$

48,070

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.04

 

 

$

0.46

 

 

$

(0.03

)

 

$

0.55

 

 

$

1.02

 

Diluted

 

$

0.04

 

 

$

0.46

 

 

$

(0.03

)

 

$

0.55

 

 

$

1.02

 

 

(1)

The Company receives significant license revenue in the second and fourth quarters; see Note 2 for further details.

Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2015 (in thousands, except per share data):

 

 

 

Three Months Ended

 

 

 

 

 

 

 

March 31,

2015

 

 

June 30,

2015 (1)(2)

 

 

September

30, 2015

 

 

December 31,

2015 (1)

 

 

Total

 

Revenue

 

$

31,223

 

 

$

58,092

 

 

$

39,419

 

 

$

62,312

 

 

$

191,046

 

Net income (loss)

 

$

1,314

 

 

$

(11,771

)

(2)

$

7,047

 

 

$

18,088

 

 

$

14,678

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

(0.25

)

 

$

0.15

 

 

$

0.39

 

 

$

0.31

 

Diluted

 

$

0.03

 

 

$

(0.25

)

 

$

0.15

 

 

$

0.39

 

 

$

0.31

 

 

(1)

The Company receives significant license revenue in the second and fourth quarters; see Note 2 for further details.

(2)

Includes a $33.0 million write down of inventory.

Per share amounts for each quarter have been calculated separately. Accordingly, quarterly amounts may not add to annual amounts.