XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
REVENUE $ 57,968,000 $ 118,168,000 $ 170,245,000 $ 205,933,000
COST OF SALES 12,643,000 24,072,000 35,102,000 39,886,000
Gross margin 45,325,000 94,096,000 135,143,000 166,047,000
OPERATING EXPENSES:        
Research and development 21,397,000 18,833,000 40,894,000 34,662,000
Selling, general and administrative 16,147,000 15,939,000 31,550,000 27,908,000
Amortization of acquired technology and other intangible assets 5,490,000 5,490,000 10,980,000 10,976,000
Patent costs 1,858,000 1,716,000 3,496,000 3,486,000
Royalty and license expense 1,618,000 3,454,000 4,902,000 5,991,000
Total operating expenses 46,510,000 45,432,000 91,822,000 83,023,000
OPERATING (LOSS) INCOME (1,185,000) 48,664,000 43,321,000 83,024,000
Interest income, net 1,268,000 2,757,000 3,415,000 5,588,000
Other income, net 170,000 405,000 372,000 687,000
Interest and other income, net 1,438,000 3,162,000 3,787,000 6,275,000
INCOME BEFORE INCOME TAXES 253,000 51,826,000 47,108,000 89,299,000
INCOME TAX BENEFIT (EXPENSE) 562,000 (8,386,000) (8,138,000) (14,385,000)
NET INCOME $ 815,000 $ 43,440,000 $ 38,970,000 $ 74,914,000
NET INCOME PER COMMON SHARE:        
BASIC $ 0.02 $ 0.92 $ 0.82 $ 1.58
DILUTED $ 0.02 $ 0.92 $ 0.82 $ 1.58
WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME PER COMMON SHARE:        
BASIC 47,227,294 46,967,005 47,160,163 46,930,165
DILUTED 47,243,991 46,996,702 47,190,505 46,966,172
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.15 $ 0.10 $ 0.30 $ 0.20