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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income (loss) $ 30,684 $ (5,002)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash PDL royalty revenue (76,081)  
Non-cash interest expense on liability related to sale of future royalties and milestones to PDL 10,282  
Depreciation and amortization 6,070 2,592
Amortization of investments 200 (307)
Allowance for inventory obsolescence   154
Loss on disposal of property and equipment 17  
Stock-based compensation 4,170 2,973
Contingent consideration and unfavorable contract fair value adjustment 1,226  
Deferred income tax benefit 24,029  
Excess tax benefit from stock-based compensation (1,503)  
Changes in assets and liabilities:    
Accounts receivable 2,582 (1,091)
Inventories 2,363 2,207
Prepaid and other assets (1,222) 890
Income taxes receivable (2,373)  
Accounts payable and other accrued liabilities 5,344 (3,383)
Accrued compensation (2,287) (985)
Income taxes payable (60,372)  
Deferred revenue (1,520) (1,752)
Net cash used in operating activities (58,391) (3,704)
Investing Activities    
Purchases of property and equipment (783) (1,146)
Acquisition of patents   (150)
Purchases of marketable securities (4,666) (20,984)
Maturities of marketable securities 23,245 40,443
Sales of marketable securities   323
Net cash provided by (used in) investing activities 17,796 18,486
Financing Activities    
Proceeds from issuance of common stock 5,564 1,076
Excess tax benefit from stock-based compensation 1,502  
Net cash provided by financing activities 7,066 1,076
Net decrease in cash and cash equivalents (33,529) 15,858
Cash and cash equivalents at beginning of period 244,674 29,076
Cash and cash equivalents at end of period $ 211,145 $ 44,934