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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net loss $ (62,034) $ (26,690)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 745 745
Amortization of premium on marketable securities 159 681
Stock-based compensation 13,128 8,664
Change in fair value of contingent consideration liability   (1,800)
Intangible impairment   1,870
Other 54  
Benefit from income taxes (27) (4,087)
Net changes in operating assets and liabilities:    
Interest receivable (3) 24
Accounts receivable 1,039 3,364
Prepaid expenses and other assets (725) 129
Accounts payable and accrued liabilities (1,919) (2,534)
Accrued compensation and employee benefits 89 (74)
Deferred revenues (4,087) (4,908)
Net cash used in operating activities (53,581) (24,616)
Investing Activities:    
Purchases of marketable securities (188,129) (168,627)
Maturities of marketable securities 200,497 203,175
Purchases of property and equipment (509) (2,327)
Net cash provided by investing activities 11,859 32,221
Financing Activities:    
Taxes paid related to net share settlement of equity awards (534) (48)
Proceeds from issuance of common stock 760 6,248
Claims settlement under Section 16(b)   14,452
Net cash provided by financing activities 226 20,652
Net increase / (decrease) in cash and cash equivalents (41,496) 28,257
Cash and cash equivalents, beginning of period 69,482 6,030
Cash and cash equivalents, end of period 27,986 $ 34,287
Supplemental disclosure of noncash investing activities:    
Property and equipment included in accrued liabilities $ 2,202