XML 14 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Royalties $ 9,172 $ 10,588 $ 20,934 $ 23,489
Sale of in-process research and development 0 0 5,000 40,900
Contract research and development 231 2,602 1,325 5,211
Miscellaneous revenue 196 527 362 2,277
Total revenues 9,599 13,717 27,621 71,877
Operating expenses:        
Research and development – pipeline 10,061 10,131 20,609 21,646
Research and development – specialty and contracted services 184 1,759 831 4,818
General and administrative 4,627 5,772 9,713 15,611
General and administrative – contracted services 54 421 112 1,821
Restructuring charge 674 710 1,033 10,599
Total operating expenses 15,600 18,793 32,298 54,495
Operating (loss) income (6,001) (5,076) (4,677) 17,382
Other income (expense):        
Investment income, net 386 811 845 1,782
Interest expense (1,479) (1,480) (2,959) (4,156)
Other, net 31 (31) 159 (30)
Total other expense (1,062) (700) (1,955) (2,404)
(Loss) income from continuing operations, before income tax expense (benefit) (7,063) (5,776) (6,632) 14,978
Income tax expense (benefit) 5 (205) 5 (205)
(Loss) income from continuing operations (7,068) (5,571) (6,637) 15,183
(Loss) income and gain from discontinued operations, net of income tax 0 (51) 0 179,002
Net (loss) income $ (7,068) $ (5,622) $ (6,637) $ 194,185
Earnings (loss) per common share - continuing operations        
Basic (in Dollars per share) $ (0.13) $ (0.09) $ (0.12) $ 0.27
Diluted (in Dollars per share) $ (0.13) $ (0.09) $ (0.12) $ 0.23
Earnings per common share – discontinued operations        
Basic (in Dollars per share) $ 0 $ 0 $ 0 $ 3.16
Diluted (in Dollars per share) $ 0 $ 0 $ 0 $ 2.38
Earnings (loss) per common share – net (loss) income        
Basic (in Dollars per share) $ (0.13) $ (0.09) $ (0.12) $ 3.43
Diluted (in Dollars per share) $ (0.13) $ (0.09) $ (0.12) $ 2.61
Weighted average shares – basic (in Shares) 53,054 60,849 55,368 56,640
Weighted average shares - diluted (in Shares) 53,054 60,849 55,368 75,209