XML 53 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt Financing - Narrative (Detail)
$ / shares in Units, shares in Millions
1 Months Ended 6 Months Ended
Jun. 14, 2016
USD ($)
Jun. 08, 2016
USD ($)
Jan. 09, 2015
USD ($)
Aug. 31, 2014
USD ($)
$ / shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 07, 2015
Oct. 30, 2015
Debt Instrument [Line Items]                  
Debt instrument, interest rate         2.00%   2.00%    
Repayment of outstanding loans           $ 4,010,000      
Termination fee         $ 300,000        
Additional cash deposited as collateral under SVB Loan and Security Agreement   $ 600,000              
Long-term debt in default         25,000,000   $ 25,000,000    
Line of credit facility, maximum borrowing capacity $ 15,000,000                
Debt Instrument, Increase, Accrued Interest         10,000        
Multiples of principal amount       $ 1,000          
Revolving Line [Member]                  
Debt Instrument [Line Items]                  
Termination fee         500,000        
Convertible Bond Hedge [Member]                  
Debt Instrument [Line Items]                  
Aggregate principal amount of convertible notes issued         $ 325,000,000        
Initial conversion price per share | $ / shares         $ 41.175        
Number of Shares | shares         7.9        
Warrant [Member]                  
Debt Instrument [Line Items]                  
Issuance of warrants         $ 60,500,000        
Aggregate principal amount of convertible notes issued         $ 325,000,000        
Number of common stock under warrant transactions | shares         7.9        
Maximum number of common shares issuable for warrant transactions | shares         15.8        
Exercise price of share issued on warrants | $ / shares         $ 53.375        
Increase to additional paid in capital due to issuance of warrants         $ 60,500,000        
2015 Term Loan Advance [Member]                  
Debt Instrument [Line Items]                  
Principal amount of debt instrument     $ 25,000,000            
Debt instrument, interest rate     3.00%         8.00% 3.00%
Repayment period of term loan     30 months            
Term loan maturity date start     Feb. 01, 2017            
Term loan maturity date description     on the 2015 Term Loan Advance through January 31, 2017, and, starting on February 1, 2017, payment of principal in 30 equal monthly installments, plus accrued interest. The maturity date of the 2015 Term Loan Advance is the earlier of (a) July 1, 2019 and (b) the maturity date of the Convertible Notes.            
Termination fee         2,000,000        
Final payment amount of term loan     $ 1,250,000            
Prepayment Premium Due on Outstanding Amount     1.00%            
Amount of aggregate principal for which holders and Trustees may deliver notice of default       25          
Default period (in days)       30 days          
Percentage of Trustees and holders       25          
2015 Term Loan Advance [Member] | Silicon Valley Bank [Member]                  
Debt Instrument [Line Items]                  
Repayment of outstanding loans     $ 4,000,000            
Cash collateral account for letters of credit, amount         500,000        
Convertible 2.0% Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Principal amount of debt instrument       $ 325,000,000 $ 325,000,000   $ 325,000,000    
Debt instrument, interest rate       2.00%          
Aggregate principal amount of convertible notes issued       $ 325,000,000          
Net proceeds received from sale of convertible notes       316,600,000          
Fees and expenses related to issuance convertible notes       $ 8,400,000          
Debt instrument interest rate terms       The Convertible Notes are senior unsecured obligations and bear interest at a rate of 2.0% per year, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2015.          
Convertible notes maturity date       Aug. 15, 2019          
Debt instrument conversion description       The Convertible Notes will be convertible into shares of the Company's common stock at an initial conversion rate of 24.2866 shares of common stock per $1,000 principal amount of the Convertible Notes, which corresponds to an initial conversion price of approximately $41.175 per share of the Company's common stock.          
Debt instrument conversion ratio       24.2866          
Conversion amount of the convertible notes       $ 1,000          
Initial conversion price per share | $ / shares       $ 41.175          
Minimum percentage of principal amount of outstanding convertible note to declare redemption       25.00%          
Percentage of principal amount payable at event of default       100.00%          
Period to resolve default       180 days          
Amortization period for interest expenses         5 years        
Debt issuance costs         $ 8,400,000        
Equity component of deferred financing costs for convertible debt         3,000,000        
Debt issuance costs allocated to liability component         $ 5,400,000        
Expected life of the debt         5 years        
Debt instrument, effective interest rate         11.53%        
Convertible 2.0% Senior Notes [Member] | Common Stock [Member]                  
Debt Instrument [Line Items]                  
Payments for repurchase of common stock       $ 35,000,000          
Convertible 2.0% Senior Notes [Member] | Convertible Bond Hedge [Member]                  
Debt Instrument [Line Items]                  
Payments for net cost of convertible bond hedges       $ 26,100,000          
QLT Loan [Member]                  
Debt Instrument [Line Items]                  
Debt instrument, interest rate 8.00%                
Line of credit facility, maximum borrowing capacity $ 15,000,000                
Line of credit facility, outstanding amount 3,000,000                
Line of Credit, Additional Amount Borrowable per Month 3,000,000                
Minimum Unrestricted Cash Balance to be Maintained $ 25,000,000                
Prepayment Premium Due on Outstanding Amount 2.00%                
Standstill Period 60 days                
Increase in Interest Rate if Cash Payments are Prohibited due to Subordination Agreement 15.00%                
Increase in Interest Rate if Default Exists 5.00%                
QLT Loan [Member] | Aegerion Pharmaceuticals [Member]                  
Debt Instrument [Line Items]                  
Number of Days Loans Mature if the Merger Agreement is Terminated 3 days                
QLT Loan [Member] | QLT Inc. [Member]                  
Debt Instrument [Line Items]                  
Number of Days Loans Mature if the Merger Agreement is Terminated 90 days