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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 90,043 $ 27,995 $ 146,200 $ 57,264
Operating costs and expenses:        
Cost of sales [1] 1,134 903 1,922 1,244
Amortization of intangibles 3,305 2,706 6,584 5,420
Research and development 6,135 4,822 13,540 13,495
General and administrative 9,294 6,549 16,938 13,872
Total operating costs and expenses 19,868 14,980 38,984 34,031
Income from operations 70,175 13,015 107,216 23,233
Other (expense) income:        
Gain (loss) from Viking 39,963 (1,400) 61,808 (2,406)
Interest income 2,762 481 3,637 835
Interest expense (13,454) (3,341) (16,933) (6,638)
Other expense, net (3,867) (455) (4,835) (531)
Total other income (expense), net 25,404 (4,715) 43,677 (8,740)
Income before income taxes 95,579 8,300 150,893 14,493
Income tax expense (22,419) (2,242) (32,452) (3,356)
Net income $ 73,160 $ 6,058 $ 118,441 $ 11,137
Earnings Per Share, Basic and Diluted:        
Basic net income per share (USD per share) $ 3.45 $ 0.29 $ 5.58 $ 0.53
Shares used in basic per share calculations (shares) 21,212,000 21,013,000 21,209,000 20,975,000
Diluted net income per share (USD per share) $ 2.99 $ 0.26 $ 4.81 $ 0.48
Shares used in diluted per share calculations (shares) 24,437,922 23,215,900 24,618,249 23,117,164
Royalties        
Revenues:        
Total revenues $ 31,396 $ 14,211 $ 52,216 $ 38,441
Material sales        
Revenues:        
Total revenues 7,612 5,550 12,003 6,672
License fees, milestones and other revenues        
Revenues:        
Total revenues $ 51,035 $ 8,234 $ 81,981 $ 12,151
[1] Excludes amortization of intangibles.