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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 76,902 $ 7,092
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on extinguishment of debt 382 2,400
Change in fair value of derivative liability (349) (66)
Depreciation and amortization 1,728 651
Unrealized loss on marketable securities   47
Amortization of deferred financing costs and debt discount 512 646
Non-cash interest expense on liability related to sale of future royalties 3,564 2,530
Non-cash royalty revenue (3,464) (2,007)
Share-based compensation expense 4,454 3,011
Deferred income tax benefit (42,377)  
Changes in operating assets and liabilities:    
Accounts receivable (10,312) (6,334)
Inventories (4,866) (1,301)
Prepaid expenses and other assets 1,060 (2,793)
Accounts payable (1,629) 949
Accrued sales deduction 12,900 10,359
Accrued expenses 3,314 (459)
Deferred licensing revenue 195 (107)
Other non-current liabilities (140) (21)
Net cash provided by operating activities 41,874 14,597
Cash flows from investing activities    
Purchases of marketable securities (31,194) (51,942)
Sales and maturities of marketable securities 22,398 33,671
Purchases of property and equipment (1,302) (1,240)
Deferred legal fees (12,224) (6,908)
Net cash used in investing activities (22,322) (26,419)
Cash flows from financing activities    
Proceeds from issuance of common stock 1,255 1,067
Net cash provided by financing activities 1,255 1,067
Net change in cash and cash equivalents 20,807 (10,755)
Cash and cash equivalents at beginning of period 33,498 36,396
Cash and cash equivalents at end of period 54,305 25,641
Supplemental cash flow information:    
Cash paid for interest 247 504
Non-cash financial activity:    
Conversion of convertible notes and interest make-whole 2,138 26,019
Exercise of warrants   652
Deferred legal fees included in accounts payable and accrued expenses $ 7,920 $ 6,866