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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 216,001 $ 278,887
Marketable securities 418,067 425,491
Tenant improvements receivable 21,228 8,542
Prepaid expenses 8,730 8,209
Other current assets 3,285 3,085
Total current assets 667,311 724,214
Marketable securities 165,801 180,452
Property and equipment, net 181,720 156,955
Intangible assets, net 19,753 20,694
Goodwill 13,128 13,128
Restricted cash and other non-current assets 24,857 22,679
Total assets 1,072,570 1,118,122
Current liabilities:    
Accounts payable 8,769 13,664
Accrued expenses and other current liabilities 44,307 54,660
Deferred revenue, current portion 19,560 6,209
Total current liabilities 72,636 74,533
Deferred rent, net of current portion 10,882 10,408
Deferred revenue, net of current portion 22,883 40,204
Contingent consideration, net of current portion 3,130 3,277
Financing lease obligation, net of current portion 147,555 120,140
Other non-current liabilities 105 120
Total liabilities 257,191 248,682
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 5,000 shares authorized; 0 shares issued and outstanding at March 31, 2017 and December 31, 2016
Common stock, $0.01 par value, 125,000 shares authorized; 40,923 and 40,691 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 409 407
Additional paid-in capital 1,463,098 1,447,856
Accumulated other comprehensive loss (1,252) (1,149)
Accumulated deficit (646,876) (577,674)
Total stockholders’ equity 815,379 869,440
Total liabilities and stockholders’ equity $ 1,072,570 $ 1,118,122