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Summary of Unaudited Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results and cash flows of interim periods. Summarized quarterly data for 2020 and 2019 are as follows (in thousands, except per share amounts):


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2020
Total revenues	$	33,161	$	41,420	$	41,848	$	69,990
Total operating costs and expenses	29,373		34,320		38,101		75,894
Income tax (expense) benefit	6,284		(6,033)		4,911		2,391
Net income (loss)	(24,131)		22,086		(6,701)		5,761
Basic per share amounts:
Net income (loss)	$	(1.46)	$	1.38	$	(0.42)	$	0.36
Diluted per share amounts:
Net income (loss)	$	(1.46)	$	1.32	$	(0.42)	$	0.35

Weighted average shares—basic	16,529		16,055		16,082		16,077
Weighted average shares—diluted	16,529		16,694		16,082		16,684

	First Quarter(1)		Second Quarter		Third Quarter		Fourth Quarter
2019
Total revenues	$	43,484	$	24,987	$	24,808	$	27,003
Total operating costs and expenses	29,738		29,117		29,966		37,182
Income tax (expense) benefit	(176,376)		3,609		4,620		810
Net income (loss)	666,337		(14,419)		(15,251)		(7,365)
Basic per share amounts:
Net income (loss)	$	32.59	$	(0.74)	$	(0.81)	$	(0.43)
Diluted per share amounts:
Net income (loss)	$	31.32	$	(0.74)	$	(0.81)	$	(0.43)

Weighted average shares—basic	20,447		19,558		18,770		17,243
Weighted average shares—diluted	21,277		19,558		18,770		17,243

(1) Includes pre-tax gain from sale of Promacta license of $812,797.