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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 104,324 $ 397,530
Marketable securities 58,188 31,170
Other current assets 2,749 5,916
Total current assets 165,261 434,616
Property and equipment, net 16,802 21,574
Marketable securities 160,779 31,394
Other assets 367 1,273
Total assets 343,209 488,857
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 1,572 4,192
Accrued expenses and other 13,692 14,195
Total current liabilities 15,264 18,387
Notes payable 129,499 134,499
Other liabilities 1,265 4,114
Total liabilities 146,028 157,000
Commitments and contingencies      
Stockholders’ equity:    
Preferred stock - $.01 par value, authorized 3,000,000 shares; no shares issued and outstanding at December 31, 2011 and 2010 0 0
Common stock - $.01 par value, authorized 170,000,000 shares; issued and outstanding 48,292,702 shares and 58,817,561 shares at December 31, 2011 and 2010, respectively 483 588
Additional paid-in capital 341,760 454,657
Accumulated other comprehensive income 3 914
Accumulated deficit (145,065) (124,302)
Total stockholders’ equity 197,181 331,857
Total liabilities and stockholders’ equity $ 343,209 $ 488,857