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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net loss $ (66,319) $ (46,349)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 104 106
Stock-based compensation expense 7,522 5,377
Changes in assets and liabilities    
Prepaid expenses and other assets (7,122) (3,636)
Accounts payable 1,194 (940)
Accrued and other liabilities 8,063 547
Income taxes payable (247)  
Net cash used in operating activities (56,805) (44,895)
Cash flows from investing activities    
Purchase of property and equipment (1,009) (90)
Change in restricted cash (2,380)  
Net cash used in investing activities (3,389) (90)
Cash flows from financing activities    
Proceeds from issuance of common stock in connection with employee benefit plans 2,399 413
Net cash provided by financing activities 2,399 413
Net increase (decrease) in cash and cash equivalents (57,795) (44,572)
Cash and cash equivalents at beginning of period 201,153 182,069
Cash and cash equivalents at end of period 143,358 $ 137,497
Supplemental disclosure    
Income taxes paid 375  
Supplemental disclosure of noncash items    
Build-to-suit lease hold improvements 1,219  
Build-to-suit lease transaction $ 8,174