XML 17 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net product sales $ 33,311 $ 24,068 $ 62,319 $ 41,440
Operating expenses:        
Cost of goods sold 1,021 637 1,778 912
Research and development 17,675 10,563 32,347 20,910
Selling, general and administrative 23,205 19,692 42,330 34,547
Change in valuation of contingent consideration (2,789) (120) (5,485) (120)
Total operating expenses 44,690 31,012 81,940 56,489
Operating loss (11,379) (6,944) (19,621) (15,049)
Other income (expenses), net:        
Other income (expenses), net (206) 522 4 349
Interest expense, net (147) (2,922) (309) (6,720)
Finance expense 0 0 0 (600)
Change in fair value of derivative instruments (9,063) (29,418) 5,277 (66,171)
Loss on extinguishment of debt 0 (2,250) 0 (2,250)
Litigation settlement gain 0 15,500 0 15,500
Bargain purchase gain 0 0 0 49,063
Total other income (loss), net (9,416) (18,568) 4,972 (10,829)
Loss before provision for income taxes (20,795) (25,512) (14,649) (25,878)
Income tax benefit (expense) 7,392 (15) 12,462 40,006
Net income (loss) $ (13,403) $ (25,527) $ (2,187) $ 14,128
Net earnings (loss) per common share, basic (in dollars per share) $ (0.37) $ (0.73) $ (0.06) $ 0.45
Net earnings (loss) per common share, diluted (in dollars per share) $ (0.37) $ (0.73) $ (0.20) $ 0.44
Weighted average common shares outstanding, basic (in shares) 36,683,429 34,957,134 36,601,807 31,079,053
Weighted average common shares outstanding, diluted (in shares) 36,683,429 34,957,134 38,063,285 34,827,405
Comprehensive income (loss):        
Net income (loss) $ (13,403) $ (25,527) $ (2,187) $ 14,128
Foreign currency translation 71 (30) 2 (7)
Unrealized loss on marketable securities (157) (298) (706) (3,519)
Comprehensive income (loss) $ (13,489) $ (25,855) $ (2,891) $ 10,602