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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
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 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 consolidated statements of operations and comprehensive loss from amounts previously reported:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

 

 

As Previously

 

Adoption of

 

 

 

 

 

 

 

Reported

 

ASC 606

 

As Revised

 

 

 

 

 

(in thousands)

Product revenues

 

 

 

 

$

205,489

 

$

(1,712)

 

$

203,777

Licensing and other revenues

 

 

 

 

 

5,450

 

 

398

 

 

5,848

Total revenues

 

 

 

 

 

210,939

 

 

(1,314)

 

 

209,625

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

 

 

 

(134,027)

 

 

(1,314)

 

 

(135,341)

Net loss

 

 

 

 

 

(136,314)

 

 

(1,314)

 

 

(137,628)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

$

(2.56)

 

$

(0.02)

 

$

(2.58)

Diluted

 

 

 

 

$

(2.56)

 

$

(0.03)

 

$

(2.59)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

 

 

 

 

 

As Previously

 

Adoption of

 

 

 

 

 

 

 

Reported

 

ASC 606

 

As Revised

 

 

 

 

 

(in thousands)

Product revenues

 

 

 

 

$

213,968

 

$

(4,562)

 

$

209,406

Licensing and other revenues

 

 

 

 

 

3,106

 

 

 —

 

 

3,106

Total revenues

 

 

 

 

 

217,074

 

 

(4,562)

 

 

212,512

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from operations

 

 

 

 

 

(96,488)

 

 

(4,562)

 

 

(101,050)

Net loss

 

 

 

 

 

(95,765)

 

 

(4,562)

 

 

(100,327)

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

$

(1.86)

 

$

(0.09)

 

$

(1.95)

Diluted

 

 

 

 

$

(1.86)

 

$

(0.09)

 

$

(1.95)

 

 

The Company restated the following selected amounts in its consolidated statements of cash flows from amounts previously reported as a result of the adoption of ASC 606, as well as the adoption of ASU 2016-18 regarding the new financial statement presentation requirements for restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(136,314)

 

$

 —

 

$

(1,314)

 

$

(137,628)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

5,001

 

 

 —

 

 

1,314

 

 

6,315

Net cash used in operating activities

 

 

(96,792)

 

 

(1,033)

 

 

 —

 

 

(97,825)

Cash, cash equivalents and restricted cash, beginning of period

 

 

15,256

 

 

1,434

 

 

 —

 

 

16,690

Cash, cash equivalents and restricted cash, end of period

 

$

12,620

 

$

401

 

$

 —

 

$

13,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(95,765)

 

$

 —

 

$

(4,562)

 

$

(100,327)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

(8,518)

 

 

 —

 

 

4,562

 

 

(3,956)

Net cash used in operating activities

 

 

(73,902)

 

 

(150)

 

 

 —

 

 

(74,052)

Cash, cash equivalents and restricted cash, beginning of period

 

 

28,947

 

 

1,584

 

 

 —

 

 

30,531

Cash, cash equivalents and restricted cash, end of period

 

$

15,256

 

$

1,434

 

$

 —

 

$

16,690

 

Accounting Standards Update 2016-18  
Summary Of Significant Accounting Policies [Line Items]  
Schedule of reconciliation of restricted cash

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

 

December 31,

 

    

2018

    

2017

    

2016

    

2015

 

 

(in thousands)

Cash and cash equivalents in balance sheet

 

$

46,407

 

$

12,620

 

$

15,256

 

$

28,947

Restricted cash, current portion in balance sheet

 

 

4,597

 

 

59

 

 

1,092

 

 

901

Restricted cash in other assets in balance sheet

 

 

 —

 

 

342

 

 

342

 

 

683

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

 

$

51,004

 

$

13,021

 

$

16,690

 

$

30,531

 

Schedule of cumulative-effect adjustment

The Company restated the following selected amounts in its consolidated statements of cash flows from amounts previously reported as a result of the adoption of ASC 606, as well as the adoption of ASU 2016-18 regarding the new financial statement presentation requirements for restricted cash:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(136,314)

 

$

 —

 

$

(1,314)

 

$

(137,628)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

5,001

 

 

 —

 

 

1,314

 

 

6,315

Net cash used in operating activities

 

 

(96,792)

 

 

(1,033)

 

 

 —

 

 

(97,825)

Cash, cash equivalents and restricted cash, beginning of period

 

 

15,256

 

 

1,434

 

 

 —

 

 

16,690

Cash, cash equivalents and restricted cash, end of period

 

$

12,620

 

$

401

 

$

 —

 

$

13,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2016

 

 

As Previously

 

Adoption of

 

Adoption of

 

 

 

    

Reported

    

ASU 2016-18

    

ASC 606

    

As Revised

 

 

(in thousands)

Operating activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(95,765)

 

$

 —

 

$

(4,562)

 

$

(100,327)

Changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

 

(8,518)

 

 

 —

 

 

4,562

 

 

(3,956)

Net cash used in operating activities

 

 

(73,902)

 

 

(150)

 

 

 —

 

 

(74,052)

Cash, cash equivalents and restricted cash, beginning of period

 

 

28,947

 

 

1,584

 

 

 —

 

 

30,531

Cash, cash equivalents and restricted cash, end of period

 

$

15,256

 

$

1,434

 

$

 —

 

$

16,690