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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Royalties $ 40,923 $ 44,940 $ 51,408
Sale of in-process research and development 5,000 40,900 0
Contract research and development 1,431 9,273 0
Miscellaneous income 718 2,752 0
Total revenues 48,072 97,865 51,408
Operating expenses:      
Research and development – pipeline 40,180 49,883 45,639
Research and development – specialty and contracted services 926 7,135 24,587
General and administrative 17,281 25,439 37,582
General and administrative – contracted services 115 1,957 0
Restructuring charges 6,025 14,026 693
Total operating expenses 64,527 98,440 108,501
Operating loss (16,455) (575) (57,093)
Other income (expense):      
Investment income, net 1,735 3,465 4,312
Interest expense (5,929) (6,315) (11,514)
Other-than-temporary impairment loss 0 (896) 0
Other, net 91 1,184 5,008
Loss from continuing operations before income tax expense (benefit) (20,558) (3,137) (59,287)
Income tax expense (benefit) 205 (337) (2,085)
Loss from continuing operations (20,763) (2,800) (57,202)
Income and gain from discontinued operations, net of income tax 0 180,043 57,885
Net (loss) income $ (20,763) $ 177,243 $ 683
Loss per common share - continuing operations Basic and Diluted (in Dollars per share) $ (0.40) $ (0.05) $ (1.26)
Earnings per common share – discontinued operations Basic and Diluted (in Dollars per share) $ 0 $ 3.08 $ 1.28
(Loss) earnings per common share – net (loss) income Basic and Diluted (in Dollars per share) $ (0.40) $ 3.03 $ 0.02
Weighted average shares – basic and diluted (in Shares) 51,910 58,466 45,186