Annual report pursuant to Section 13 and 15(d)

Summary of Unaudited Quarterly Financial Information

v3.20.4
Summary of Unaudited Quarterly Financial Information
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Financial Information Summary of Unaudited Quarterly Financial InformationThe following financial information reflects all normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of the results and cash flows of interim periods. Summarized quarterly data for 2020 and 2019 are as follows (in thousands, except per share amounts):
  First Quarter Second Quarter  Third Quarter Fourth Quarter
2020
Total revenues $ 33,161  $ 41,420  $ 41,848  $ 69,990 
Total operating costs and expenses 29,373  34,320  38,101  75,894 
Income tax (expense) benefit 6,284  (6,033) 4,911  2,391 
Net income (loss) (24,131) 22,086  (6,701) 5,761 
Basic per share amounts:
     Net income (loss) $ (1.46) $ 1.38  $ (0.42) $ 0.36 
Diluted per share amounts:
     Net income (loss) $ (1.46) $ 1.32  $ (0.42) $ 0.35 
Weighted average shares—basic 16,529 16,055 16,082 16,077
Weighted average shares—diluted 16,529 16,694 16,082 16,684
First Quarter(1)
Second Quarter Third Quarter Fourth Quarter
2019
Total revenues $ 43,484  $ 24,987  $ 24,808  $ 27,003 
Total operating costs and expenses 29,738  29,117  29,966  37,182 
Income tax (expense) benefit (176,376) 3,609  4,620  810 
Net income (loss) 666,337  (14,419) (15,251) (7,365)
Basic per share amounts:
Net income (loss) $ 32.59  $ (0.74) $ (0.81) $ (0.43)
Diluted per share amounts:
Net income (loss) $ 31.32  $ (0.74) $ (0.81) $ (0.43)
Weighted average shares—basic 20,447 19,558 18,770 17,243
Weighted average shares—diluted 21,277 19,558 18,770 17,243
    (1) Includes pre-tax gain from sale of Promacta license of $812,797.