XML 58 R32.htm IDEA: XBRL DOCUMENT v3.4.0.3
DIVESTITURE (Details)
$ / shares in Units, $ in Thousands
3 Months Ended
Apr. 10, 2015
USD ($)
multiplier
shares
Mar. 31, 2016
USD ($)
item
$ / shares
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discount rate (as a percent)   17.00%    
Increase in the fair value of contingent consideration   $ 1,900    
CONTINGENT CONSIDERATION   57,200   $ 55,300
Increase (Decrease) in fair value of warrants   $ 800    
Minimum        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discount rate (as a percent)   12.10%    
Maximum        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Discount rate (as a percent)   13.70%    
Gainesville Transaction        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Number of regulatory milestones | item   2    
Fair value of warrants   $ 1,000    
Gainesville Transaction | Minimum        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Period of milestone events occurrence   P1Y    
Discount rate (as a percent)   4.30%    
Gainesville Transaction | Maximum        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Period of milestone events occurrence   P2Y    
Discount rate (as a percent)   5.30%    
Gainesville Transaction | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Warrants received | shares 350,000      
Number of times closing price of common stock on prior day | multiplier 2      
Maximum milestone payment receivable $ 120,000      
Disposal group income before income tax     $ 4,200  
Estimated consideration received        
Cash 54,010      
Fair value of warrants 2,123      
Fair value of contingent consideration 57,600      
Total consideration received 113,733      
Less: net assets sold (101,373)      
Less: transaction costs (2,724)      
Gain on the Gainesville Transaction $ 9,636      
Recro | Gainesville Transaction        
Fair Value Assumptions and Methodology for Assets and Liabilities [Abstract]        
Closing stock price at March 31, 2016 | $ / shares   $ 5.97    
Warrant strike price | $ / shares   $ 19.46    
Expected term (years)   6 years 7 days    
Risk-free rate (as a percent)   1.38%    
Volatility (as a percent)   77.40%