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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - 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 and other income:        
Total revenues and other income $ 41,531 $ 26,366 $ 72,509 $ 70,345
Operating costs and expenses:        
Cost of Captisol 2,906 1,669 5,788 5,386
Amortization of intangibles 8,257 8,539 16,443 17,078
Research and development 5,354 6,854 11,325 13,517
General and administrative 17,623 11,287 28,574 22,142
Financial royalty assets impairment 26,491 0 26,491 0
Total operating costs and expenses 60,631 28,349 88,621 58,123
Operating (loss) income from continuing operations (19,100) (1,983) (16,112) 12,222
Non-operating income and expenses:        
(Loss) gain from short-term investments (14,256) 3,991 96,516 43,524
Interest income 2,757 2,320 4,777 3,755
Interest expense (1,268) (284) (1,411) (524)
Other non-operating expense, net (33,523) (873) (35,713) (270)
Total non-operating (expenses) income, net (46,290) 5,154 64,169 46,485
(Loss) income before income taxes from continuing operations (65,390) 3,171 48,057 58,707
Income tax benefit (expense) 13,479 (881) (13,829) (12,803)
Net (loss) income from continuing operations (51,911) 2,290 34,228 45,904
Net loss from discontinued operations 0 0 0 (1,665)
Net (loss) income $ (51,911) $ 2,290 $ 34,228 $ 44,239
Earnings per share        
Basic net (loss) income from continuing operations per share (in USD per share) $ (2.88) $ 0.13 $ 1.91 $ 2.67
Basic net loss from discontinued operations per share (in USD per share) 0 0 0 (0.10)
Basic net (loss) income per share (in USD per share) $ (2.88) $ 0.13 $ 1.91 $ 2.58
Shares used in basic per share calculation (in shares) 18,028 17,276 17,880 17,170
Diluted net (loss) income from continuing operations per share (in USD per share) $ (2.88) $ 0.13 $ 1.87 $ 2.57
Diluted net loss from discontinued operations per share (in USD per share) 0 0 0 (0.09)
Diluted net (loss) income per share (in USD per share) $ (2.88) $ 0.13 $ 1.87 $ 2.48
Shares used in diluted per share calculation (in shares) 18,028 17,730 18,282 17,851
Royalties        
Revenues and other income:        
Total revenues and other income $ 23,162 $ 20,938 $ 42,257 $ 38,585
Revenue from intangible royalty assets        
Revenues and other income:        
Total revenues and other income 22,603 20,430 40,960 37,584
Income from financial royalty assets        
Revenues and other income:        
Total revenues and other income 559 508 1,297 1,001
Captisol        
Revenues and other income:        
Total revenues and other income 7,500 5,220 16,712 15,842
Contract revenue and other income        
Revenues and other income:        
Total revenues and other income $ 10,869 $ 208 $ 13,540 $ 15,918