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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Summary Of Significant Accounting Policies [Line Items]  
Schedule of reconciliation of restricted cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

June 30,

 

December 31,

 

    

2018

    

2017

    

2017

    

2016

 

 

(in thousands)

Cash and cash equivalents in balance sheet

 

$

12,306

 

$

12,620

 

$

7,138

 

$

15,256

Restricted cash, current portion in balance sheet

 

 

5,612

 

 

59

 

 

764

 

 

1,092

Restricted cash in other assets in balance sheet

 

 

342

 

 

342

 

 

342

 

 

342

Total cash, cash equivalents and restricted cash in statements of cash flows

 

$

18,260

 

$

13,021

 

$

8,244

 

$

16,690

 

Schedule of Accumulated Other Comprehensive Loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

 

 

 

 

 

 

Balance at

 

 

December 31,

 

 

 

 

Reclassification

 

June 30,

 

 

2017

 

Increase

 

Adjustment

 

2018

 

 

(in thousands)

Unrealized (loss) gain on available-for-sale securities, net of tax

 

$

(766)

 

$

(124)

 

$

32

 

$

(858)

Total accumulated other comprehensive (loss) income, net of tax

 

$

(766)

 

$

(124)

 

$

32

 

$

(858)

 

Accounting Standards Update 2014-09  
Summary Of Significant Accounting Policies [Line Items]  
Schedule of cumulative-effect adjustment

Upon the adoption of ASC 606, the Company revised the following selected amounts in its condensed consolidated balance sheet from amounts previously reported:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

 

 

 

 

As Previously

 

Adoption of

 

 

 

 

 

 

 

Reported

 

ASC 606

 

As Revised

 

 

 

 

 

(in thousands)

Accounts receivable, net of allowance

 

 

 

 

$

8,252

 

$

35,837

 

$

44,089

Other accrued liabilities

 

 

 

 

 

33,207

 

 

50

 

 

33,257

Accumulated deficit

 

 

 

 

$

(482,162)

 

$

35,787

 

$

(446,375)

 

Upon the adoption of ASC 606, the Company restated the following selected amounts in its unaudited condensed consolidated statements of operations and comprehensive loss from amounts previously reported:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2017

 

 

 

 

 

As Previously

 

Adoption of

 

 

 

 

 

 

 

Reported

 

ASC 606

 

As Revised

 

 

 

 

 

(in thousands)

Product revenues

 

 

 

 

$

52,276

 

$

(1,347)

 

$

50,929

Licensing and other revenues

 

 

 

 

 

1,341

 

 

13

 

 

1,354

Total revenues

 

 

 

 

 

53,617

 

 

(1,334)

 

 

52,283

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

 

 

 

(27,037)

 

 

(1,334)

 

 

(28,371)

Net loss

 

 

 

 

 

(27,732)

 

 

(1,334)

 

 

(29,066)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

(0.52)

 

 

(0.03)

 

 

(0.55)

Diluted

 

 

 

 

$

(0.52)

 

$

(0.03)

 

$

(0.55)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2017

 

 

 

 

 

As Previously

 

Adoption of

 

 

 

 

 

 

 

Reported

 

ASC 606

 

As Revised

 

 

 

 

 

(in thousands)

Product revenues

 

 

 

 

$

98,189

 

$

1,134

 

$

99,323

Licensing and other revenues

 

 

 

 

 

2,329

 

 

13

 

 

2,342

Total revenues

 

 

 

 

 

100,518

 

 

1,147

 

 

101,665

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

 

 

 

(64,068)

 

 

1,147

 

 

(62,921)

Net loss

 

 

 

 

 

(63,693)

 

 

1,147

 

 

(62,546)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

(1.20)

 

 

0.02

 

 

(1.18)

Diluted

 

 

 

 

$

(1.20)

 

$

0.02

 

$

(1.18)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2017

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(63,693)

 

$

 —

 

$

1,147

 

$

(62,546)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

6,530

 

 

 —

 

 

(1,147)

 

 

5,383

Net cash used in operating activities

 

 

(38,066)

 

 

(328)

 

 

 —

 

 

(38,394)

Cash, cash equivalents and restricted cash, beginning of period

 

 

15,256

 

 

1,434

 

 

 —

 

 

16,690

Cash, cash equivalents and restricted cash, end of period

 

$

7,138

 

$

1,106

 

$

 —

 

$

8,244

 

Accounting Standards Update 2016-18  
Summary Of Significant Accounting Policies [Line Items]  
Schedule of cumulative-effect adjustment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2017

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(63,693)

 

$

 —

 

$

1,147

 

$

(62,546)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

6,530

 

 

 —

 

 

(1,147)

 

 

5,383

Net cash used in operating activities

 

 

(38,066)

 

 

(328)

 

 

 —

 

 

(38,394)

Cash, cash equivalents and restricted cash, beginning of period

 

 

15,256

 

 

1,434

 

 

 —

 

 

16,690

Cash, cash equivalents and restricted cash, end of period

 

$

7,138

 

$

1,106

 

$

 —

 

$

8,244