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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of adjustments and impacts related to adoption of ASC 606
Amounts contained in the tables below are in thousands, except per share data.
(in thousands)
 
Three Months Ended June 30,
 
 
2018
 
2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported (ASC 605)
Revenues:
 
 
 
 
 
 
 
 
Fixed fee license revenue
 
$
1,881

 
$
2,431

 
$
4,312

 
$
1,765

Per-unit royalty revenue
 
4,111

 
94

 
4,205

 
5,020

Total royalty and license revenue
 
5,992

 
2,525

 
8,517

 
6,785

Development, services, and other revenue
 
152

 
—

 
152

 
245

Total revenues
 
$
6,144

 
$
2,525

 
$
8,669

 
$
7,030

Operating expenses
 
14,439

 
 
 
14,439

 
21,941

Operating income (loss)
 
(8,295
)
 
2,525

 
(5,770
)
 
(14,911
)
Interest and other income
 
375

 
—

 
375

 
165

Income (loss) before (provision) benefit for income taxes
 
(7,920
)
 
2,525

 
(5,395
)
 
(14,746
)
Income tax (provision) benefit
 
162

 
—

 
162

 
(99
)
Net income (loss)
 
$
(7,758
)
 
$
2,525

 
$
(5,233
)
 
$
(14,845
)
Basic net income (loss) per share
 
$
(0.25
)
 
$
0.08

 
$
(0.17
)
 
$
(0.51
)
Diluted net income (loss) per share
 
$
(0.25
)
 
$
0.08

 
$
(0.17
)
 
$
(0.51
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
2018
 
2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported (ASC 605)
Revenues:
 
 
 
 
 
 
 
 
Fixed fee license revenue
 
$
77,637

 
$
(69,909
)
 
$
7,728

 
$
4,275

Per-unit royalty revenue
 
13,690

 
(4,257
)
 
9,433

 
11,516

Total royalty and license revenue
 
91,327

 
(74,166
)
 
17,161

 
15,791

Development, services, and other revenue
 
233

 
—

 
233

 
463

Total revenues
 
$
91,560

 
$
(74,166
)
 
$
17,394

 
$
16,254

Operating expenses
 
29,750

 
 
 
29,750

 
44,017

Operating income (loss)
 
61,810

 
(74,166
)
 
(12,356
)
 
(27,763
)
Interest and other income
 
606

 
—

 
606

 
304

Income (loss) before provision for income taxes
 
62,416

 
(74,166
)
 
(11,750
)
 
(27,459
)
Income tax provision
 
(291
)
 
—

 
(291
)
 
(251
)
Net income (loss)
 
$
62,125

 
$
(74,166
)
 
$
(12,041
)
 
$
(27,710
)
Basic net income (loss) per share
 
$
2.06

 
$
(2.46
)
 
$
(0.40
)
 
$
(0.95
)
Diluted net income (loss) per share
 
$
2.00

 
$
(2.46
)
 
$
(0.40
)
 
$
(0.95
)

 
 
June 30, 2018
 
December 31, 2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported
(ASC 605)
Prepaid expenses and other current assets
 
$
5,821

 
$
(5,123
)
 
$
698

 
$
736

Other non-current assets
 
4,421

 
(4,125
)
 
296

 
344

Deferred revenue - current
 
(4,769
)
 
(9,595
)
 
(14,364
)
 
(4,424
)
Long-term deferred revenue
 
(32,536
)
 
(73,851
)
 
(106,387
)
 
(22,303
)
Accumulated Deficit
 
$
91,156

 
$
92,501

 
$
183,657

 
$
171,616

The following table summarizes adjustments related to the Company's adoption of ASC 606.
(in thousands)
 
Balance at December 31, 2017
as Reported
under ASC 605
 
Adjustment
for Fixed Fee License Revenue *
 
Elimination of Quarter-Lag
Per-Unit Royalties
 
Total Adjustments upon Adoption of ASC 606
 
Balance at January 1, 2018
(ASC 606)
Prepaid expenses and other current assets
 
$
736

 
 
 
$
4,996

 
$
4,996

 
$
5,732

Deferred revenue - current
 
(4,424
)
 
1,766

 
 
 
1,766

 
(2,658
)
Long-term deferred revenue
 
(22,303
)
 
11,573

 
 
 
11,573

 
(10,730
)
Accumulated deficit
 
171,616

 
(13,339
)
 
(4,996
)
 
(18,335
)
 
153,281

* Adjustment for fixed fee license revenue includes both the recognition of Performance Obligation A upon the adoption of ASC 606, which had previously been deferred under ASC 605, and the change in the transaction price allocated to Performance Obligation B and consequently the revenue recognized as of January 1, 2018.
Disaggregated revenue
The following table presents the disaggregation of the Company's revenue for the three and six months ended June 30, 2018 under ASC 606. Revenues for the three and six months ended June 30, 2017 are presented in accordance with ASC 605.
(in thousands)
 
Three Months Ended June 30,
 
 
 
 
2018
 
2017
 
Increase (Decrease)
Fixed fee license revenue
 
$
1,881

 
$
1,765

 
$
116

 
7
 %
Per-Unit royalty revenue
 
4,111

 
5,020

 
(909
)
 
(18
)%
Total royalty and license revenue
 
5,992

 
6,785

 
(793
)
 
(12
)%
Development, services, and other revenue
 
152

 
245

 
(93
)
 
(38
)%
Total revenues
 
$
6,144

 
$
7,030

 
$
(886
)
 
(13
)%
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
2018
 
2017
 
Increase (Decrease)
Fixed fee license revenue
 
$
77,637

 
$
4,275

 
$
73,362

 
1,716
 %
Per-Unit royalty revenue
 
13,690

 
11,516

 
2,174

 
19
 %
Total royalty and license revenue
 
91,327

 
15,791

 
75,536

 
478
 %
Development, services, and other revenue
 
233

 
463

 
(230
)
 
(50
)%
Total revenues
 
$
91,560

 
$
16,254

 
$
75,306

 
463
 %