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v3.5.0.2

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Revenue: |  |  |  |
License and milestone revenue (includes $13,043, $4,860, $16,356 and $9,552 from a related party) | $ 73,197 | $ 106,879 | $ 92,935 | $ 118,385
Collaboration services and other revenue (includes $326, $719, $678 and $1,353 from a related party) | 16,083 | 13,671 | 24,628 | 18,463
Total revenue | 89,280 | 120,550 | 117,563 | 136,848
Operating expenses: |  |  |  |
Research and development | 52,392 | 51,555 | 96,041 | 102,094
General and administrative | 10,376 | 9,680 | 21,794 | 20,162
Total operating expenses | 62,768 | 61,235 | 117,835 | 122,256
Income (loss) from operations | 26,512 | 59,315 | (272) | 14,592
Interest and other, net |  |  |  |
Interest expense | (2,438) | (2,762) | (5,215) | (5,520)
Interest income and other, net | 129 | 707 | 1,545 | 1,550
Total interest and other, net | (2,309) | (2,055) | (3,670) | (3,970)
Income (loss) before income taxes | 24,203 | 57,260 | (3,942) | 10,622
Provision for (benefit from) income taxes | (113) | 205 | (418) | (66)
Net income (loss) | $ 24,316 | $ 57,055 | $ (3,524) | $ 10,688
Net income (loss) per share: |  |  |  |
Basic | $ 0.39 | $ 0.95 | $ (0.06) | $ 0.18
Diluted | $ 0.35 | $ 0.83 | $ (0.06) | $ 0.15
Weighted average number of common shares used to calculate net income (loss) per share: |  |  |  |
Basic | 62,582 | 59,798 | 62,383 | 59,499
Diluted | 69,022 | 68,752 | 62,383 | 69,354

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