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REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of adjustments and impacts related to adoption of ASC 606
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.
Amounts contained in the tables below are in thousands, except per share data.
(in thousands, except per share amounts)
 
Three Months Ended September 30,
 
 
2018
 
2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported (ASC 605)
Revenues:
 
 
 
 
 
 
 
 
Fixed fee license revenue
 
$
4,317

 
$
(499
)
 
$
3,818

 
$
6,881

Per-unit royalty revenue
 
4,145

 
(21
)
 
4,124

 
4,755

Total royalty and license revenue
 
8,462

 
(520
)
 
7,942

 
11,636

Development, services, and other revenue
 
90

 
—

 
90

 
227

Total revenues
 
$
8,552

 
$
(520
)
 
$
8,032

 
$
11,863

Operating expenses
 
13,715

 
 
 
13,715

 
17,306

Operating loss
 
(5,163
)
 
(520
)
 
(5,683
)
 
(5,443
)
Interest and other income
 
545

 
—

 
545

 
200

Loss before provision for income taxes
 
(4,618
)
 
(520
)
 
(5,138
)
 
(5,243
)
Income tax provision
 
(22
)
 
—

 
(22
)
 
(44
)
Net loss
 
$
(4,640
)
 
$
(520
)
 
$
(5,160
)
 
$
(5,287
)
Basic net loss per share
 
$
(0.15
)
 
$
(0.02
)
 
$
(0.17
)
 
$
(0.18
)
Diluted net loss per share
 
$
(0.15
)
 
$
(0.02
)
 
$
(0.17
)
 
$
(0.18
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported (ASC 605)
Revenues:
 
 
 
 
 
 
 
 
Fixed fee license revenue
 
$
81,955

 
$
(70,409
)
 
$
11,546

 
$
11,156

Per-unit royalty revenue
 
17,834

 
(4,274
)
 
13,560

 
16,271

Total royalty and license revenue
 
99,789

 
(74,683
)
 
25,106

 
27,427

Development, services, and other revenue
 
323

 
—

 
323

 
690

Total revenues
 
$
100,112

 
$
(74,683
)
 
$
25,429

 
$
28,117

Operating expenses
 
43,465

 
 
 
43,465

 
61,323

Operating income (loss)
 
56,647

 
(74,683
)
 
(18,036
)
 
(33,206
)
Interest and other income
 
1,151

 
—

 
1,151

 
504

Income (loss) before provision for income taxes
 
57,798

 
(74,683
)
 
(16,885
)
 
(32,702
)
Income tax provision
 
(313
)
 
—

 
(313
)
 
(295
)
Net income (loss)
 
$
57,485

 
$
(74,683
)
 
$
(17,198
)
 
$
(32,997
)
Basic net income (loss) per share
 
$
1.89

 
$
(2.46
)
 
$
(0.57
)
 
$
(1.13
)
Diluted net income (loss) per share
 
$
1.83

 
$
(2.46
)
 
$
(0.57
)
 
$
(1.13
)

 
 
September 30, 2018
 
December 31, 2017
 
 
As Reported
(ASC 606)
 
Adjustments
 
ASC 605
 
As Reported
(ASC 605)
Prepaid expenses and other current assets
 
$
7,802

 
$
(7,079
)
 
$
723

 
$
736

Other non-current assets
 
4,254

 
(3,963
)
 
291

 
344

Other current liabilities
 
(5,703
)
 
180

 
(5,523
)
 
(3,896
)
Deferred revenue - current
 
(4,694
)
 
(10,715
)
 
(15,409
)
 
(4,424
)
Long-term deferred revenue
 
(31,407
)
 
(72,161
)
 
(103,568
)
 
(22,303
)
Accumulated deficit
 
$
95,379

 
$
93,435

 
$
188,814

 
$
171,616
Disaggregated revenue
The following table presents the disaggregation of the Company's revenue for the three and nine months ended September 30, 2018 under ASC 606. Revenues for the three and nine months ended September 30, 2017 are presented in accordance with ASC 605.
(in thousands)
 
Three Months Ended September 30,
 
 
 
 
2018
 
2017
 
Increase (Decrease)
Fixed fee license revenue
 
$
4,317

 
$
6,881

 
$
(2,564
)
 
(37
)%
Per-Unit royalty revenue
 
4,145

 
4,755

 
(610
)
 
(13
)%
Total royalty and license revenue
 
8,462

 
11,636

 
(3,174
)
 
(27
)%
Development, services, and other revenue
 
90

 
227

 
(137
)
 
(60
)%
Total revenues
 
$
8,552

 
$
11,863

 
$
(3,311
)
 
(28
)%
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
2018
 
2017
 
Increase (Decrease)
Fixed fee license revenue
 
$
81,955

 
$
11,156

 
$
70,799

 
635
 %
Per-Unit royalty revenue
 
17,834

 
16,271

 
1,563

 
10
 %
Total royalty and license revenue
 
99,789

 
27,427

 
72,362

 
264
 %
Development, services, and other revenue
 
323

 
690

 
(367
)
 
(53
)%
Total revenues
 
$
100,112

 
$
28,117

 
$
71,995

 
256
 %