XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2018
Revenue From Contract With Customer [Abstract]  
Disaggregated Revenues by Timing of Transfer of Goods or Services

The following table presents our revenues, disaggregated by timing of transfer of goods or services (in thousands):

 

 

 

Three Months Ended March 31, 2018

 

 

 

Product Revenue, net

 

 

Collaboration and

License Revenue

 

 

Total

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

Transferred at a point in time

 

$

606

 

 

$

 

 

$

606

 

Transferred over time

 

 

 

 

 

6,038

 

 

 

6,038

 

Total

 

$

606

 

 

$

6,038

 

 

$

6,644

 

 

Schedule of Changes in Contract Assets and Liabilities

The following table presents changes in our contract assets and liabilities for the three months ended March 31, 2018 (in thousands):

 

 

 

Balance at

Beginning of

Period

 

 

Addition

 

 

Deduction

 

 

Balance at End

of Period

 

Contract assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled - collaboration and license revenue

 

$

6,694

 

 

$

2,761

 

 

$

(4,795

)

 

$

4,660

 

Total contract assets

 

$

6,694

 

 

$

2,761

 

 

$

(4,795

)

 

$

4,660

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred revenue

 

$

7,623

 

 

$

5,173

 

 

$

(3,523

)

 

$

9,273

 

Total contract liabilities

 

$

7,623

 

 

$

5,173

 

 

$

(3,523

)

 

$

9,273

 

 

Estimated Revenue Expected to be Recognized in Future Related to Performance Obligations

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2018 (in thousands):

 

Collaborator

 

Transaction Price

Allocated to the

Remaining

Performance

Obligation as of

March 31, 2018

 

 

Expected Year

By Which Revenue

Recognition Will

Be Completed

 

 

Percentage of

Revenue

Recognized

 

BMS and Pfizer - 2014 agreement

 

$

909

 

 

 

2019

 

 

 

94

%

BMS and Pfizer - 2016 agreement

 

 

4,131

 

 

 

2021

 

 

 

73

%

Daiichi Sankyo - 2014 agreement

 

 

3,173

 

 

 

2019

 

 

 

91

%

Daiichi Sankyo - 2016 agreement

 

 

3,818

 

 

 

2021

 

 

 

69

%

Bayer and Janssen - 2014 agreement

 

 

1,420

 

 

 

2019

 

 

 

94

%

Bayer - 2016 agreement

 

 

3,389

 

 

 

2021

 

 

 

73

%

Total

 

$

16,840