XML 30 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Manufacturing and royalty revenues $ 106,159 $ 128,744
Product sales, net 49,374 31,137
Research and development revenue 1,241 1,333
Total revenues 156,774 161,214
EXPENSES:    
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) 27,711 39,974
Research and development 101,072 70,278
Selling, general and administrative 89,719 63,050
Amortization of acquired intangible assets 15,156 15,220
Total expenses 233,658 188,522
OPERATING LOSS (76,884) (27,308)
OTHER EXPENSE, NET:    
Interest income 1,011 660
Interest expense (3,295) (3,288)
Increase in the fair value of contingent consideration 1,900  
Other income (expense), net 249 (211)
Total other expense, net (135) (2,839)
LOSS BEFORE INCOME TAXES (77,019) (30,147)
PROVISION FOR INCOME TAXES 404 510
NET LOSS $ (77,423) $ (30,657)
LOSS PER COMMON SHARE:    
Basic and diluted (in dollars per share) $ (0.51) $ (0.21)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic and Diluted (in shares) 150,825 148,089
COMPREHENSIVE LOSS    
Net loss $ (77,423) $ (30,657)
Holding gains, net of a tax provision of $425 and $209, respectively 935 489
COMPREHENSIVE LOSS $ (76,488) $ (30,168)