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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities      
Net income (loss) $ 43,313 $ (29,781) $ 70,726
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Non-cash interest expense on liability related to PDL Transaction 4,488    
Non-cash royalty revenue related to PDL Transaction (18,104)    
Depreciation and amortization 6,161 2,561 399
Amortization of investments 783 331 21
Gain on bargain purchase (484) (92)  
Allowance for inventory obsolescence 347 584 (809)
Loss on disposal of property and equipment   28  
Stock-based compensation 6,109 5,070 3,869
Contingent consideration fair value adjustment 909    
Deferred income tax benefit (103,202)    
Excess tax benefit from stock-based compensation 347    
Changes in assets and liabilities:      
Accounts receivable (7,838) 807 1,673
Receivables from collaborative partners (726) (1,943) (7,881)
Inventories 4,266 (2,346) (3,016)
Prepaid and other assets 1,540 (1,509) (4,031)
Accounts payable and other accrued liabilities 10,833 5,661 7,811
Accrued compensation 2,063 1,780 597
Income taxes payable 62,222    
Deferred revenue (3,273) (12,136) (11,708)
Net cash provided by (used in) operating activities 9,754 (30,985) 57,651
Investing Activities      
Purchases of property and equipment (1,812) (6,880) (698)
Acquisition of business (52,725) (26,435)  
Acquisition of patents (150)    
Purchases of marketable securities (37,746) (38,462) (195,162)
Maturities of marketable securities 53,056 61,405 58,495
Sales of marketable securities 1,341 43,704 75,177
Net cash (used in) provided by investing activities (38,036) 33,332 (62,188)
Financing Activities      
Proceeds from sale of future royalties to PDL 240,500    
Principal payments on long-term debt     (2,244)
Proceeds from issuance of common stock 3,727 2,686 8,298
Excess tax benefit from stock-based compensation (347)    
Net cash provided by financing activities 243,880 2,686 6,054
Net increase (decrease) in cash and cash equivalents 215,598 5,033 1,517
Cash and cash equivalents at beginning of year 29,076 24,043 22,526
Cash and cash equivalents at end of year 244,674 29,076 24,043
Cash paid during the period for:      
Interest     133
Taxes $ 45 $ 144