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v3.6.0.2

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014
Product Revenue | $ 102,932 | $ 87,696 | $ 75,474
Licensing, milestone and contract revenue | 447 | 5,303 | 30,121
Total revenue | 103,379 | 92,999 | 105,595
Operating expenses: |  |  |
Cost of product revenue | 24,027 | 21,053 | 20,930
Research & development | 10,732 | 8,987 | 8,144
Selling, general & administrative | 18,013 | 14,825 | 15,074
Total operating expenses | 52,772 | 44,865 | 44,148
Income from operations | 50,607 | 48,134 | 61,447
Interest income, net | 263 | 120 | 58
Income before income taxes | 50,870 | 48,254 | 61,505
Provision for income taxes | 18,323 | 17,496 | 23,186
Net income | $ 32,547 | $ 30,758 | $ 38,319
Basic net income per share: |  |  |
Net income (in dollars per share) | $ 2.22 | $ 2.06 | $ 2.61
Basic weighted average common shares outstanding (in shares) | 14,682 | 14,934 | 14,678
Diluted net income per share: |  |  |
Net income (in dollars per share) | $ 2.15 | $ 2.01 | $ 2.51
Diluted weighted average common shares outstanding (in shares) | 15,116 | 15,321 | 15,269
Net income | $ 32,547 | $ 30,758 | $ 38,319
Other comprehensive loss: |  |  |
Foreign currency translation adjustment | (668) | (2,154) | (2,796)
Comprehensive income | $ 31,879 | $ 28,604 | $ 35,523

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