CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
ASSETS
Cash and cash equivalents	$ 196,000	$ 245,026
Accounts receivable	316	883
Unbilled revenue	1,460	1,409
Inventory	2,027	907
Prepaid and other current assets	7,481	4,881
Total current assets	207,284	253,106
Property and equipment, net of accumulated depreciation	20,931	22,704
Other assets	3,133	3,430
Total assets	231,348	279,240
LIABILITIES AND SHAREHOLDERS' DEFICIT
Accounts payable	8,973	11,510
Accrued compensation	6,746	10,724
Other accrued liabilities	10,018	9,713
Current portion of deferred lease incentive	784	772
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $981 and $1,000, respectively	16,070	14,138
Current portion of deferred revenue	13,634	13,582
Total current liabilities	56,225	60,439
Deferred lease incentive, net of current portion	6,110	6,236
Deferred revenue, net of current portion	19,162	19,288
Convertible 4.5% senior notes, net of deferred financing costs of $3,206 and $3,372, respectively	96,794	96,628
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $3,237 and $3,473, respectively	171,492	174,761
Other long-term liabilities	4,103	4,192
Total liabilities	353,886	361,544
Commitments and contingencies
Shareholders' deficit:
Common stock, $0.01 par value; authorized 150,000 shares; issued and outstanding 87,314 and 87,209 shares as of September 30, 2016 and June 30, 2016, respectively	873	872
Additional paid-in capital	775,007	770,511
Accumulated deficit	(898,418)	(853,687)
Total shareholders' deficit	(122,538)	(82,304)
Total liabilities and shareholders' deficit	$ 231,348	$ 279,240