v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 176,653 $ 179,516 $ 546,428 $ 529,538
Operating expenses:        
Cost of sales (exclusive of amortization of acquired intangible assets) 37,233 34,278 117,810 109,450
Research and development 26,682 25,966 84,997 79,859
Selling, general and administrative 83,840 91,797 269,593 267,151
Amortization of acquired intangible assets 12,356 14,322 41,000 42,966
Other operating (gains) expenses, net (5,730) 6,791 (413) 13,261
Total operating expenses 154,381 173,154 512,987 512,687
Income from operations 22,272 6,362 33,441 16,851
Other income (expense):        
Interest income 2,495 8,534 6,369 20,437
Interest expense (2,885) (4,279) (10,206) (13,554)
Gain on divestiture 6,617 0 6,617 0
Loss on early extinguishment of debt 0 (983) 0 (983)
Other, net 315 (110) 146 (6,448)
Total other income (loss), net 6,542 3,162 2,926 (548)
Income before income taxes 28,814 9,524 36,367 16,303
Income tax expense (293) (4,092) (277) (10,906)
Net income $ 28,521 $ 5,432 $ 36,090 $ 5,397
Net income per common share:        
Basic net income per common share (in dollars per share) $ 0.72 $ 0.12 $ 0.90 $ 0.12
Diluted net income per common share (in dollars per share) $ 0.70 $ 0.12 $ 0.89 $ 0.12
Weighted average common shares outstanding:        
Basic (in shares) 39,863 44,038 39,929 45,257
Diluted (in shares) 40,830 44,459 40,681 45,729
Net product sales        
Revenues:        
Total revenues $ 175,436 $ 178,040 $ 543,305 $ 525,981
Operating expenses:        
Cost of sales (exclusive of amortization of acquired intangible assets) 36,374 34,278 116,951 109,450
Royalty revenue        
Revenues:        
Total revenues 0 1,476 1,906 3,557
Service        
Revenues:        
Total revenues 1,217 0 1,217 0
Operating expenses:        
Cost of sales (exclusive of amortization of acquired intangible assets) $ 859 $ 0 $ 859 $ 0