XML 45 R27.htm IDEA: XBRL DOCUMENT v3.24.1
Note 7 - Discontinued Operations - Sale of OMIDRIA (Tables)
 12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule Of Disposal Groups Including Discontinued Operations, Gains and Losses from Sale [Table Text Block]

Cash proceeds

 $125,993 

OMIDRIA contract royalty asset

  184,570 

Gain on sale of OMIDRIA, gross

  310,563 

Transaction and closing costs

  (1,972)

RSUs granted to transferred employees

  (1,419)

Prepaid assets and inventory at cost

  (1,524)

Gain on sale of OMIDRIA

 $305,648 
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

  

2021

 
  

(In thousands)

 

Product sales, net

 $—  $—  $110,735 

Costs and expenses

  —   —   30,631 

Gross margin

  —   —   80,104 

Gain on sale of OMIDRIA

  —   —   305,648 

Milestone income

  —   200,000   — 

Interest on OMIDRIA contract royalty asset

  15,315   18,634   — 

Remeasurement adjustments

  41,167   14,457   — 

Other income

  1,087   307   1,035 

Income before income tax

  57,569   233,398   386,787 

Income tax expense (1)

  (462)  (3,952)  (1,006)

Net income from discontinued operations, net of tax

 $57,107  $229,446  $385,781 
Disposal Groups, Including Discontinued Operations, Contract Royalty Asset [Table Text Block]

Balance at December 31, 2021

 $184,570 

Royalties earned

  (65,439)

Interest on OMIDRIA contract royalty asset

  18,634 

Remeasurement adjustments

  14,457 

Balance at December 31, 2022

  152,222 

Royalties earned

  (40,595)

Interest on OMIDRIA contract royalty asset

  15,315 

Remeasurement adjustments

  41,167 

Balance at December 31, 2023

 $168,109 
Schedule Of Disposal Groups Including Discontinued Operations Cash Flows [Table Text Block]
  

Year Ended December 31,

 
  

2023

  

2022

  

2021

 
  

(In thousands)

 

Net cash provided by discontinued operations from operating activities

 $241,317  $78,082  $55,380 

Net cash provided by discontinued operations from investing activities

 $—  $—  $125,993