Sale of Commercial Business (Tables)

3 Months Ended

Mar. 31, 2017

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Discontinued Operations and Assets Held for Sale

Discontinued operations for the three months ended March 31, 2017 and 2016 includes the following:

(in thousands)	Three Months Ended March 31,
	2017			2016
Revenues:
Product revenues, net	$	16,135		$	9,968
License and collaboration revenues		7,797			11,313
Other revenues		1,973			—
Total revenues		25,905			21,281
Costs and expenses:
Cost of revenues		3,890			711
Research and development expenses		3,730			4,880
Selling, general and administrative expenses		8,733			11,343
Restructuring expenses		5,265			—
Total costs and expenses		21,618			16,934
Other income and expenses:
Interest expense		(5,234	)		(5,290	)
Loss from discontinued operations		(947	)		(943	)

Schedule of Carrying Value of Assets and Liabilities Classified as Assets Held for Sale Relates to Commercial Business

The carrying value of the assets and liabilities of the Commercial Business classified as “Assets held for sale” in the condensed consolidated balance sheets are as follows:

(in thousands)	March 31, 2017		December 31, 2016
Assets
Current assets:
Accounts receivable, net	$	8,985	$	17,194
Inventory		15,532		14,554
Prepaid expenses and other current assets		2,117		1,547
Total current assets held for sale		26,634		33,295
Property and equipment, net		1,376		1,553
Intangible assets, net		3,833		3,977
Goodwill		3,605		3,605
Total long-term assets held for sale		8,814		9,135
Liabilities
Current liabilities:
Accounts payable, accrued expenses and other		28,563		20,613
Deferred revenues		38,624		36,226
Total current liabilities held for sale		67,187		56,839
Deferred revenues, net of current portion		16,877		25,673
Total liabilities held for sale		16,877		25,673

Schedule of Inventory of Commercial Business

Inventory of the Commercial Business as of March 31, 2017 and December 31, 2016 consisted of the following:

(in thousands)	March 31, 2017		December 31, 2016
Raw materials	$	4,246	$	4,483
Work in process		9,053		8,651
Finished goods		2,233		1,420
Total inventory	$	15,532	$	14,554

Summary of Charges Related to Restructuring Activities

The following table summarizes the charges related to the restructuring activities as of March 31, 2017:

(in thousands)	Accrued Restructuring Expenses at December 31, 2016		Expenses		Less: Payments		Accrued Restructuring Expenses at March 31, 2017
Severance, benefits and related costs	$	—	$	5,265	$	—	$	5,265
Totals	$	—	$	5,265	$	—	$	5,265