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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 150,337 $ 159,964
Accounts receivable 1,024 2,026
Unbilled revenue 1,807 6,778
Inventory 3,482 2,192
Prepaid and other current assets 4,758 5,386
Total current assets 161,408 176,346
Property and equipment, net of accumulated depreciation 16,821 19,498
Other assets 3,148 3,020
Total assets 181,377 198,864
LIABILITIES AND SHAREHOLDERS' DEFICIT    
Accounts payable 5,152 7,895
Accrued compensation 7,212 6,946
Other accrued liabilities 12,332 11,150
Current portion of deferred lease incentive 784 784
Current portion of liability related to the sale of future royalties, net of deferred financing costs of $812 and $850, respectively 15,678 14,470
Current portion of deferred revenue 26,192 14,531
Total current liabilities 67,350 55,776
Deferred lease incentive, net of current portion 5,521 5,914
Deferred revenue, net of current portion 18,912 19,086
Convertible 4.5% senior notes, net of deferred financing costs of $2,701 and $3,035, respectively 97,299 96,965
Liability related to the sale of future royalties, net of current portion and deferred financing costs of $2,750 and $3,144, respectively 161,339 169,858
Other long-term liabilities 4,185 4,115
Total liabilities 354,606 351,714
Commitments and contingencies (Note H)
Shareholders' deficit:    
Preferred stock, $0.01 par value; authorized 5,000 shares; no shares issued and outstanding
Common stock, $0.01 par value; authorized 150,000 shares; issued and outstanding 89,597 and 87,301 shares as of June 30, 2017 and December 31, 2016, respectively 896 873
Additional paid-in capital 784,657 778,847
Accumulated deficit (958,782) (932,570)
Total shareholders’ deficit (173,229) (152,850)
Total liabilities and shareholders’ deficit $ 181,377 $ 198,864