Sale of Commercial Business (Tables)

6 Months Ended

Jun. 30, 2017

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Discontinued Operations and Assets Held for Sale

Discontinued operations for the three and six months ended June 30, 2017 and 2016 includes the following:

(in thousands)	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Revenues:
Product revenues, net	$	—		$	12,851		$	16,135		$	22,819
License and collaboration revenues		—			19,332			7,797			30,645
Other revenues		—			1,498			1,973			1,498
Total revenues		—			33,681			25,905			54,962
Costs and expenses:
Cost of revenues		—			1,872			3,890			2,583
Research and development expenses		—			13,302			3,700			18,181
Selling, general and administrative expenses		—			12,542			8,709			23,885
Restructuring expenses		4,216			—			9,535			—
Total costs and expenses		4,216			27,716			25,834			44,649
Other income and expenses:
Interest expense		(1,509	)		(5,290	)		(6,743	)		(10,581	)
Gain on sale of commercial business		598,120			—			598,120			—
Income (loss) from discontinued operations	$	592,395		$	675		$	591,448		$	(268	)
Income tax expense		(51,910	)		—			(51,910	)		—
Total income (loss) from discontinued operations	$	540,485		$	675		$	539,538		$	(268	)

Schedule of Carrying Value of Assets and Liabilities Classified as Discontinued Operations Relates to Commercial Business

The carrying value of the assets and liabilities of the Commercial Business classified as “Discontinued operations” in the condensed consolidated balance sheets is as follows:

(in thousands)	December 31, 2016
Assets
Current assets:
Accounts receivable, net	$	17,194
Inventory		14,554
Prepaid expenses and other current assets		1,547
Total current assets held for sale		33,295
Property and equipment, net		1,553
Intangible assets, net		3,977
Goodwill		3,605
Total long-term assets held for sale		9,135
Liabilities
Current liabilities:
Accounts payable, accrued expenses and other		20,613
Deferred revenues		36,226
Total current liabilities held for sale		56,839
Deferred revenues, net of current portion		25,673
Total liabilities held for sale		25,673

Schedule of Inventory of Commercial Business

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

(in thousands)	December 31, 2016
Raw materials	$	4,483
Work in process		8,651
Finished goods		1,420
Total inventory	$	14,554

Summary of Charges Related to Restructuring Activities

The following table summarizes the charges related to the restructuring activities as of June 30, 2017:

(in thousands)	Accrued Restructuring Expenses at December 31, 2016		Expenses		Less: Payments		Accrued Restructuring Expenses at June 30, 2017
Severance, benefits and related costs	$	—	$	9,521	$	8,124	$	1,397
Totals	$	—	$	9,521	$	8,124	$	1,397