Derivative Contracts (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair values and derivative financial instrument

The following table summarizes the fair values and the presentation of our derivative financial instruments in the Condensed Consolidated Balance Sheets:

(In thousands)	Balance Sheet Component	March 31, 2015		December 31, 2014
Derivative financial instruments:
Common Stock options/warrants	Investments, net	$	9,723	$	6,314
Embedded conversion option	2033 Senior Notes, net of discount and estimated fair value of embedded derivatives	$	67,787	$	65,947
Forward contracts	Gains on forward contracts are recorded in Prepaid expenses and other current assets. Losses on forward contracts are recorded in Accrued expenses.	$	14	$	36

Summary of (losses) and gains recorded in Fair value changes of derivative financial instruments

The following table summarizes the losses and gains recorded for the three months ended March 31, 2015 and 2014:

	Three months ended March 31,
(In thousands)	2015			2014
Derivative gain (loss):
Common Stock options/warrants (1)	$	3,871		$	596
2033 Senior Notes	(53,730		)	(11,112		)
Forward contracts	71			143
Total	$	(49,788	)	$	(10,373	)

⁽¹⁾  Amount for 2014 includes the Pharmsynthez Note Receivable and the Purchase Option.

Outstanding contracts recorded at fair value and their maturity details

The outstanding forward contracts at March 31, 2015 and December 31, 2014, have been recorded at fair value, and their maturity details are as follows:

(In thousands) Days until maturity	Contract value		Fair value at  March 31, 2015		Effect on income (loss)
0 to 30	$	—	$	—	$	—
31 to 60	28		30		2
61 to 90	792		797		5
91 to 120	893		898		5
More than 120	433		435		2
Total	$	2,146	$	2,160	$	14

(In thousands) Days until maturity	Contract value		Fair value at  December 31, 2014		Effect on income (loss)
0 to 30	$	750	$	780	$	30
31 to 60	90		93		3
61 to 90	—		—		—
91 to 120	68		71		3
121 to 180	—		—		—
More than 180	—		—		—
Total	$	908	$	944	$	36