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LIABILITY RELATED TO SALE OF FUTURE ROYALTIES (Tables)
 12 Months Ended
Dec. 31, 2013
LIABILITY RELATED TO SALE OF FUTURE ROYALTIES.  
Schedule of the activity within the liability account

The following table shows the activity within the liability account during the year ended December 31, 2013 (in thousands):

Liability related to sale of future royalties—beginning balance

   $ —  

Proceeds from sale of future royalties

     240,500  

Non-cash interest expense recognized

     4,488  

Payments from Depomed to PDL

     (17,909 )
       
​ ​ ​ ​ ​

Total liability related to sale of future royalties as of December 31, 2013

     227,079  

Less: current portion

     (49,455 )
       
​ ​ ​ ​ ​

Liability related to sale of future royalties, less current portion

   $ 177,624  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​