Derivative Contracts (Tables)

6 Months Ended

Jun. 30, 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	June 30, 2015		December 31, 2014
Derivative financial instruments:
Common Stock options/warrants	Investments, net	$	9,969	$	6,314
Embedded conversion option	2033 Senior Notes, net of discount and estimated fair value of embedded derivatives	$	73,551	$	65,947
Forward contracts	Unrealized gains on forward contracts are recorded in Prepaid expenses and other current assets. Unrealized losses on forward contracts are recorded in Accrued expenses.	$	115	$	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 and six months ended June 30, 2015 and 2014:

	Three months ended June 30,						Six months ended June 30,
(In thousands)	2015			2014			2015			2014
Derivative gain (loss):
Common Stock options/warrants (1)	$	(2,446	)	$	(860	)	$	1,425		$	(263	)
2033 Senior Notes	(14,220		)	11,882			(67,950		)	770
Forward contracts	110			(55		)	181			87
Total	$	(16,556	)	$	10,967		$	(66,344	)	$	594

⁽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 June 30, 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  June 30, 2015		Effect on income (loss)
0 to 30	$	1,414	$	1,466	$	52
31 to 60	324		336		12
61 to 90	939		981		42
91 to 120	180		188		8
More than 120	31		32		1
Total	$	2,888	$	3,003	$	115

(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