CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| REVENUE: |
|
|
|
|
| Material sales |
$ 23,465
|
$ 34,128
|
$ 70,084
|
$ 85,270
|
| Royalty and license fees |
5,209
|
5,224
|
52,569
|
43,332
|
| Technology development and support revenue |
1,540
|
67
|
1,656
|
132
|
| Total revenue |
30,214
|
39,419
|
124,309
|
128,734
|
| OPERATING EXPENSES: |
|
|
|
|
| Cost of material sales |
6,458
|
7,246
|
17,194
|
54,913
|
| Research and development |
10,118
|
11,434
|
31,562
|
32,000
|
| Selling, general and administrative |
8,465
|
7,224
|
22,728
|
20,487
|
| Patent costs and amortization of acquired technology and other intangible assets |
7,361
|
4,032
|
15,515
|
12,461
|
| Royalty and license expense |
815
|
1,105
|
3,656
|
3,563
|
| Total operating expenses |
33,217
|
31,041
|
90,655
|
123,424
|
| Operating (loss) income |
(3,003)
|
8,378
|
33,654
|
5,310
|
| INTEREST INCOME |
573
|
232
|
1,565
|
593
|
| INTEREST EXPENSE |
(5)
|
(7)
|
(21)
|
(31)
|
| OTHER (EXPENSE) INCOME |
(68)
|
(16)
|
(1,982)
|
342
|
| INCOME (LOSS) BEFORE INCOME TAXES |
(2,503)
|
8,587
|
33,216
|
6,214
|
| INCOME TAX BENEFIT (EXPENSE) |
1,003
|
(1,540)
|
(10,965)
|
(9,624)
|
| NET INCOME (LOSS) |
$ (1,500)
|
$ 7,047
|
$ 22,251
|
$ (3,410)
|
| NET INCOME (LOSS) PER COMMON SHARE: |
|
|
|
|
| Basic (in dollars per share) |
$ (0.03)
|
$ 0.15
|
$ 0.47
|
$ (0.07)
|
| Diluted (in dollars per share) |
$ (0.03)
|
$ 0.15
|
$ 0.47
|
$ (0.07)
|
| WEIGHTED AVERAGE SHARES USED IN COMPUTING NET INCOME (LOSS) PER COMMON SHARE: |
|
|
|
|
| Weighted average common shares outstanding - Basic (in shares) |
46,947,621
|
46,542,556
|
46,889,913
|
46,241,578
|
| Weighted average common shares outstanding - Diluted (in shares) |
46,947,621
|
46,723,373
|
47,015,262
|
46,241,578
|