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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Total revenues $ 399,131 $ 617,397 $ 749,503 $ 904,992
EXPENSES:        
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) 61,472 63,249 120,116 121,413
Research and development 59,649 68,225 127,260 131,995
Selling, general and administrative 168,113 195,756 347,862 363,589
Amortization of acquired intangible assets 14 8,898 1,073 17,698
Total expenses 289,248 336,128 596,311 634,695
OPERATING INCOME FROM CONTINUING OPERATIONS 109,883 281,269 153,192 270,297
OTHER INCOME, NET:        
Interest income 10,735 6,769 20,134 11,735
Interest expense (5,952) (5,684) (11,930) (10,972)
Other income (expense), net 2,053 (525) 2,235 (564)
Total other income, net 6,836 560 10,439 199
INCOME BEFORE INCOME TAXES 116,719 281,829 163,631 270,496
INCOME TAX PROVISION 22,061 2,728 30,025 3,445
NET INCOME FROM CONTINUING OPERATIONS 94,658 279,101 133,606 267,051
DISCONTINUED OPERATIONS, NET OF TAX (3,300) (42,036) (5,420) (71,831)
NET INCOME $ 91,358 $ 237,065 $ 128,186 $ 195,220
EARNINGS (LOSS) PER ORDINARY SHARE:        
Earnings per ordinary share from continuing operations - basic $ 0.56 $ 1.68 $ 0.79 $ 1.61
Loss per ordinary share from discontinued operations - basic (0.02) (0.25) (0.03) (0.43)
Earnings per ordinary share - basic 0.54 1.43 0.76 1.18
Earnings per ordinary share from continuing operations - diluted 0.55 1.63 0.78 1.56
Loss per ordinary share from discontinued operations - diluted (0.02) (0.25) (0.03) (0.42)
Earnings per ordinary share - diluted $ 0.53 $ 1.38 $ 0.75 $ 1.14
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES OUTSTANDING:        
Basic 168,321 166,279 168,152 165,686
Diluted 170,977 171,553 171,960 170,747
COMPREHENSIVE INCOME:        
Net income $ 91,358 $ 237,065 $ 128,186 $ 195,220
Holding gain (loss), net of a tax (benefit) provision of $(8), $99, $(83) and $587, respectively 11 692 (480) 3,452
COMPREHENSIVE INCOME 91,369 237,757 127,706 198,672
Product sales, net        
REVENUES:        
Total revenues 269,273 231,477 502,809 446,204
Manufacturing and royalty revenues        
REVENUES:        
Total revenues $ 129,858 385,913 246,691 458,775
Research and development revenue        
REVENUES:        
Total revenues   $ 7 $ 3 $ 13