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Quarterly Results of Operation (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operation (Unaudited)

22.

Quarterly Results of Operation (Unaudited)

The following is a summary of the Company’s unaudited quarterly results of operations for the fiscal years ended December 31, 2016 and 2015 (in thousands, except per share amounts):

 

 

 

Fiscal Year Ended December 31, 2016

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

—

 

 

$

—

 

 

$

1,466

 

 

$

53

 

 

$

1,519

 

Cost of goods sold

 

 

—

 

 

 

—

 

 

 

1,031

 

 

 

38

 

 

 

1,069

 

Amortization of intangible assets

 

 

1,817

 

 

 

1,786

 

 

 

1,709

 

 

 

1,655

 

 

 

6,967

 

Goodwill impairment

 

 

—

 

 

 

61,784

 

 

 

—

 

 

 

—

 

 

 

61,784

 

Restructuring and other charges

 

 

—

 

 

 

3,085

 

 

 

—

 

 

 

(21

)

 

 

3,064

 

Inventory write-down related to restructuring

 

 

—

 

 

 

2,565

 

 

 

—

 

 

 

—

 

 

 

2,565

 

Other operating expenses

 

 

13,163

 

 

 

11,509

 

 

 

12,278

 

 

 

12,769

 

 

 

49,719

 

Interest expense, net

 

 

578

 

 

 

394

 

 

 

462

 

 

 

420

 

 

 

1,854

 

Loss before income taxes

 

 

(15,558

)

 

 

(81,123

)

 

 

(14,014

)

 

 

(14,808

)

 

 

(125,503

)

Income tax benefit

 

 

2,645

 

 

 

992

 

 

 

1,070

 

 

 

816

 

 

 

5,523

 

Net loss

 

$

(12,913

)

 

$

(80,131

)

 

$

(12,944

)

 

$

(13,992

)

 

$

(119,980

)

Net loss per share - basic and diluted

 

$

(0.12

)

 

$

(0.70

)

 

$

(0.11

)

 

$

(0.12

)

 

$

(1.07

)

 

 

 

Fiscal Year Ended December 31, 2015

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

Total

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

Total revenues

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

Cost of goods sold

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Amortization of intangible assets

 

 

125

 

 

 

126

 

 

 

338

 

 

 

1,596

 

 

 

2,185

 

Acquisition related costs

 

 

—

 

 

 

—

 

 

 

4,003

 

 

 

228

 

 

 

4,231

 

Other operating expenses

 

 

9,714

 

 

 

8,942

 

 

 

9,223

 

 

 

12,076

 

 

 

39,955

 

Interest expense, net

 

 

281

 

 

 

280

 

 

 

436

 

 

 

604

 

 

 

1,601

 

Loss before income taxes

 

 

(10,120

)

 

 

(9,348

)

 

 

(14,000

)

 

 

(14,504

)

 

 

(47,972

)

Income tax benefit

 

 

—

 

 

 

—

 

 

 

99

 

 

 

925

 

 

 

1,024

 

Net loss

 

$

(10,120

)

 

$

(9,348

)

 

$

(13,901

)

 

$

(13,579

)

 

$

(46,948

)

Net loss per share - basic and diluted

 

$

(0.16

)

 

$

(0.14

)

 

$

(0.16

)

 

$

(0.13

)

 

$

(0.59

)