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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues $ 378,143 $ 380,938 $ 1,127,646 $ 1,285,930
EXPENSES:        
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) 63,099 61,498 183,215 182,911
Research and development 59,892 64,878 187,152 196,873
Selling, general and administrative 150,382 156,373 498,244 519,962
Amortization of acquired intangible assets 14 8,995 1,087 26,693
Total expenses 273,387 291,744 869,698 926,439
OPERATING INCOME FROM CONTINUING OPERATIONS 104,756 89,194 257,948 359,491
OTHER INCOME, NET:        
Interest income 10,916 9,370 31,050 21,105
Interest expense (6,000) (6,006) (17,930) (16,978)
Other income (expense), net 558 149 2,793 (415)
Total other income, net 5,474 3,513 15,913 3,712
INCOME BEFORE INCOME TAXES 110,230 92,707 273,861 363,203
INCOME TAX PROVISION 17,435 1,153 47,460 4,598
NET INCOME FROM CONTINUING OPERATIONS 92,795 91,554 226,401 358,605
DISCONTINUED OPERATIONS, NET OF TAX (414) (43,796) (5,834) (115,627)
NET INCOME $ 92,381 $ 47,758 $ 220,567 $ 242,978
EARNINGS (LOSS) PER ORDINARY SHARE:        
Earnings per ordinary share from continuing operations - basic $ 0.57 $ 0.55 $ 1.36 $ 2.16
Loss per ordinary share from discontinued operations - basic 0 (0.26) (0.04) (0.7)
Earnings per ordinary share - basic 0.57 0.29 1.32 1.46
Earnings per ordinary share from continuing operations - diluted 0.56 0.53 1.33 2.1
Loss per ordinary share from discontinued operations - diluted 0 (0.25) (0.03) (0.68)
Earnings per ordinary share - diluted $ 0.55 $ 0.28 $ 1.3 $ 1.42
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES OUTSTANDING:        
Basic 163,368 166,607 166,546 165,996
Diluted 167,025 171,903 170,196 170,981
COMPREHENSIVE INCOME:        
Net income $ 92,381 $ 47,758 $ 220,567 $ 242,978
Holding gain, net of a tax provision of $376, $216, $292 and $803, respectively 4,015 1,363 3,535 4,815
COMPREHENSIVE INCOME 96,396 49,121 224,102 247,793
Product sales, net        
REVENUES:        
Total revenues 272,999 231,822 775,808 678,026
Manufacturing and royalty revenues        
REVENUES:        
Total revenues $ 105,144 149,113 351,835 607,888
Research and development revenue        
REVENUES:        
Total revenues   $ 3 $ 3 $ 16