LIABILITY RELATED TO SALE OF FUTURE ROYALTIES (Tables)

12 Months Ended

Dec. 31, 2014

The following table shows the activity within the liability account during the year ended December 31, 2014 (in thousands):

Liability related to sale of future royalties as of December 31, 2013	$	227,079
Non-cash interest expense recognized until September 30, 2014		14,646
Amounts collected and remitted to PDL until September 30, 2014		(75,314	)

Total liability related to sale of future royalties as of September 30, 2014		166,411
Amounts collected and remitted to PDL in Q4, 2014 relating to Q3, 2014		(19,455	)
Income recognized in Q4, 2014		(146,956	)

Total liability related to sale of future royalties as of December 31, 2014	$	—