Segment information (Tables)

12 Months Ended

Dec. 31, 2014

Segment information [Abstract]

Segment information

21. Segment information

For financial reporting purposes, the Company reports financial information for two business segments: Biodefense and Biosciences. The Company's two business segments, or divisions, engage in business activities for which discrete financial information is provided to and resources are allocated by the chief operating decision maker. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. The Company's reportable segments are business units that offer different products and product candidates and are managed separately because they manufacture and develop distinct products with different manufacturing and development processes, along with having separate and distinct sales and marketing processes.

The Biodefense division is a specialty biopharmaceutical business focused on countermeasures that address Chemical, Biological, Radiological, Nuclear and Explosive threats and consists of two business units: vaccines and therapeutics, and medical devices. Revenues in this segment are primarily from sales of the Company's FDA-licensed product, BioThrax® (Anthrax Vaccine Adsorbed), to the U.S. government. The Biosciences division is directed to commercial opportunities and primarily targets hematology/oncology, transplantation and infectious diseases, and consists of three business units: therapeutics, vaccines and contract manufacturing. The "All Other" segment relates to the general operating costs of the Company and includes costs of the centralized services departments, which are not allocated to the other segments, as well as spending on activities that are not classified as Biodefense or Biosciences. The assets in this segment consist primarily of cash. For the years ended December 31, 2014, 2013 and 2012, respectively, the Company had total assets of $242.5 million, $56.7 million and $5.5 million located in foreign jurisdictions.

	Reportable Segments
(in thousands)	Biodefense		Biosciences			All Other			Total
Year Ended December 31, 2014
External revenue	$	370,547	$	79,591		$	-		$	450,138
Intersegment revenue (expense)		-		-			-			-
Research and development		81,975		60,821			8,033			150,829
Interest income		62		-			258			320
Interest expense		-		-			(8,240	)		(8,240	)
Depreciation and amortization		17,669		5,070			267			23,006
Net income (loss)		96,966		(51,300	)		(8,925	)		36,741
Intangible assets		40,979		17,365			-			58,344
In-process research and development assets		27,700		50,100			-			77,800
Goodwill		20,638		21,346			-			41,984
Total assets		439,797		344,420			161,045			945,262
Expenditures for long-lived assets		26,736		2,444			1,493			30,673
Year Ended December 31, 2013
External revenue	$	311,564	$	1,181		$	-		$	312,745
Intersegment revenue (expense)		-		-			-			-
Research and development		62,663		50,652			6,618			119,933
Interest income		-		-			139			139
Interest expense		-		-			-			-
Depreciation and amortization		15,584		1,238			186			17,008
Net income (loss)		87,289		(50,925	)		(5,229	)		31,135
Intangible assets		30,148		-			-			30,148
In-process research and development assets		-		41,800			-			41,800
Goodwill		8,452		5,502			-			13,954
Total assets		331,827		98,510			196,293			626,630
Expenditures for long-lived assets		30,700		1,343			9,978			42,021
Year Ended December 31, 2012
External revenue	$	276,469	$	5,419		$	-		$	281,888
Intersegment revenue (expense)		-		-			-			-
Research and development		68,579		44,588			7,059			120,226
Interest income		-		-			134			134
Interest expense		-		-			(6	)		(6	)
Depreciation and amortization		8,951		2,147			99			11,197
Net income (loss)		94,865		(63,928	)		(7,413	)		23,524
In-process research and development assets		-		41,800			-			41,800
Goodwill		-		5,502			-			5,502
Total assets		354,010		56,148			154,072			564,230
Expenditures for long-lived assets		52,957		810			78			53,845