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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited) The following table contains quarterly financial information for 2022 and 2021. The Company believes that the following information reflects all normal recurring adjustments necessary for a fair presentation of the information for the periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.
| Three months ended,
| March 31, 2022 | June 30, 2022 | September 30, 2022 | December 31, 2022 | Total
| (in thousands, except per share data)
| (unaudited)
Total revenues | $ | 36,516 |  | $ | 50,126 |  | $ | 59,221 |  | $ | 50,382 |  | $ | 196,245 |
Research and development | $ | 9,179 |  | $ | 8,467 |  | $ | 9,239 |  | $ | 9,197 |  | $ | 36,082 |
General and administrative | $ | 11,925 |  | $ | 12,086 |  | $ | 14,920 |  | $ | 31,131 |  | $ | 70,062 |
Total operating costs and expenses | $ | 34,383 |  | $ | 41,464 |  | $ | 46,880 |  | $ | 70,481 |  | $ | 193,208 |
Net income (loss) from continuing operations | $ | (12,929) |  | $ | 12,599 |  | $ | 9,645 |  | $ | (14,534) |  | $ | (5,219) |
Net loss from discontinued operations | $ | (2,456) |  | $ | (13,494) |  | $ | (9,241) |  | $ | (2,951) |  | $ | (28,142) |
Net income (loss) | $ | (15,385) |  | $ | (895) |  | $ | 404 |  | $ | (17,485) |  | $ | (33,361) |
Basic net income (loss) from continuing operations per share | $ | (0.77) |  | $ | 0.75 |  | $ | 0.57 |  | $ | (0.86) |  | $ | (0.31) |
Basic net loss from discontinued operations per share | $ | (0.15) |  | $ | (0.80) |  | $ | (0.55) |  | $ | (0.17) |  | $ | (1.67) |
Diluted net income (loss) from continuing operations per share | $ | (0.77) |  | $ | 0.74 |  | $ | 0.56 |  | $ | (0.86) |  | $ | (0.31) |
Diluted net loss from discontinued operations per share | $ | (0.15) |  | $ | (0.79) |  | $ | (0.54) |  | $ | (0.17) |  | $ | (1.67) |
Shares used in the computation of basic net income (loss) per share | 16,824 |  | 16,868 |  | 16,888 |  | 16,890 |  | 16,868 |
Shares used in the computation of diluted net income (loss) per share | 16,824 |  | 17,058 |  | 17,132 |  | 16,890 |  | 16,868 |
| Three months ended,
| March 31, 2021 | June 30, 2021 | September 30, 2021 | December 31, 2021 | Total
| (in thousands, except per share data)
| (unaudited)
Total revenues | $ | 46,592 |  | $ | 78,854 |  | $ | 59,694 |  | $ | 56,404 |  | $ | 241,544 |
Research and development | $ | 9,046 |  | $ | 7,482 |  | $ | 7,430 |  | $ | 8,147 |  | $ | 32,105 |
General and administrative | $ | 10,815 |  | $ | 12,412 |  | $ | 10,967 |  | $ | 12,596 |  | $ | 46,790 |
Total operating costs and expenses | $ | 36,875 |  | $ | 24,941 |  | $ | 34,597 |  | $ | 41,280 |  | $ | 137,693 |
Net income (loss) from continuing operations | $ | 22,767 |  | $ | 36,442 |  | $ | 20,338 |  | $ | (3,194) |  | $ | 76,353 |
Net loss from discontinued operations | $ | (4,660) |  | $ | (5,717) |  | $ | (6,615) |  | $ | (2,223) |  | $ | (19,215) |
Net income (loss) | $ | 18,107 |  | $ | 30,725 |  | $ | 13,723 |  | $ | (5,417) |  | $ | 57,138 |
Basic net income (loss) from continuing operations per share | $ | 1.39 |  | $ | 2.19 |  | $ | 1.22 |  | $ | (0.19) |  | $ | 4.59 |
Basic net loss from discontinued operations per share | $ | (0.28) |  | $ | (0.34) |  | $ | (0.40) |  | $ | (0.13) |  | $ | (1.16) |
Diluted net income (loss) from continuing operations per share | $ | 1.32 |  | $ | 2.12 |  | $ | 1.19 |  | $ | (0.19) |  | $ | 4.43 |
Diluted net loss from discontinued operations per share | $ | (0.27) |  | $ | (0.33) |  | $ | (0.39) |  | $ | (0.13) |  | $ | (1.11) |
Shares used in the computation of basic net income (loss) per share | 16,435 |  | 16,659 |  | 16,688 |  | 16,733 |  | 16,630 |
Shares used in the computation of diluted net income (loss) per share | 17,248 |  | 17,172 |  | 17,142 |  | 16,733 |  | 17,246 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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