QUARTERLY SUPPLEMENTAL FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Supplemental Financial Data (Unaudited)

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.