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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of reconciliation of income taxes computed using the U.S. federal statutory rate to that reflected in operations
A reconciliation of income taxes computed using the U.S. federal statutory rate to that reflected in operations follows (in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Income tax benefit using U.S. federal statutory rate
$
(62,141
)
 
$
(34,391
)
 
$
(21,243
)
State income taxes, net of federal benefit
(5,236
)
 
(4,434
)
 
(2,494
)
Stock-based compensation
1,585

 
752

 
149

Research and development tax credits
(2,794
)
 
(1,469
)
 
(499
)
Change in the valuation allowance
48,096

 
39,291

 
23,186

Permanent items
53

 
26

 
910

Other
1,371

 
225

 
(9
)
Expiring NOLs and credits - 382 Limitation
$
19,066

 

 

Income tax expense
$

 
$

 
$

Schedule of principal components of the Company's deferred tax assets
The principal components of the Company's deferred tax assets are as follows (in thousands):
 
December 31,
 
2016
 
2015
Non-current assets:
 

 
 

NOL carryforwards
$
193,436

 
$
154,239

Capitalized research and development
1,970

 
263

Research and development credits
4,525

 
6,313

Depreciation and amortization
(173
)
 
(119
)
Accrued expenses
3,109

 
1,073

Stock-based compensation
14,903

 
7,753

Other
55

 
29

Gross non-current deferred tax assets
217,825

 
169,551

Valuation allowance
(217,825
)
 
(169,551
)
Net non-current deferred tax assets
$

 
$