CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
ASSETS
Cash and cash equivalents	$ 278,109	$ 142,261
Accounts receivable	5,088	1,896
Unbilled revenue	714	1,329
Inventory	2,935	2,950
Current portion of deferred financing costs	1,159
Prepaid and other current assets	4,175	2,320
Total current assets	292,180	150,756
Property and equipment, net of accumulated depreciation	16,254	14,349
Deferred financing costs, net of current portion	4,415
Other assets	974	213
Total assets	313,823	165,318
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	8,138	4,819
Accrued compensation	8,346	6,865
Other accrued liabilities	10,441	6,668
Current portion of deferred lease incentive	646	528
Current portion of liability related to the sale of future royalties	7,906
Current portion of deferred revenue	333	2,374
Total current liabilities	35,810	21,254
Deferred lease incentive, net of current portion	6,301	5,679
Deferred revenue, net of current portion	40,855	58,969
Liability related to the sale of future royalties, net of current portion	191,756
Other long-term liabilities	3,997	3,717
Total liabilities	$ 278,719	$ 89,619
Commitments and contingencies (Note H)
Shareholders' equity:
Preferred stock, $0.01 par value; authorized 5,000 shares; no shares issued and outstanding
Common stock, $.01 par value; authorized 150,000 shares; issued and outstanding 86,579 and 85,903 shares as of June 30, 2015 and 2014, respectively	$ 866	$ 859
Additional paid-in capital	743,108	722,971
Accumulated deficit	(708,870)	(648,131)
Total shareholders' equity	35,104	75,699
Total liabilities and shareholders' equity	$ 313,823	$ 165,318