CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 117,709	$ 101,084
Short-term investments	59,711	108,684
Accounts receivable, net	102,056	71,125
Receivables from collaborative partners	533	562
Inventories	13,033	10,494
Income taxes receivable		6,358
Prepaid and other current assets	13,162	10,665
Total current assets	306,204	308,972
Property and equipment, net	15,526	14,794
Intangible assets, net	902,149	1,008,994
Deferred tax assets		22,995
Other assets	1,458	1,494
Total Assets	1,225,337	1,357,249
Current liabilities:
Accounts payable	14,855	12,805
Accrued rebates, returns and discounts	131,536	121,058
Accrued liabilities	59,398	62,931
Income taxes payable	59
Contingent consideration liability, current portion	4,578	3,318
Interest payable	15,924	18,672
Other current liabilities	892	848
Total current liabilities	227,242	219,632
Contingent consideration liability, long-term portion	10,247	11,653
Senior Notes	466,051	563,012
Convertible Notes	252,725	237,313
Other long-term liabilities	18,284	10,584
Commitments
Shareholders' equity:
Preferred stock, no par value, 5,000,000 shares authorized; Series A convertible preferred stock, 25,000 shares designated and zero shares outstanding at December 31, 2016 and December 31, 2015
Common stock, no par value, 200,000,000 shares authorized; 61,996,188 and 60,787,309 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	291,634	264,511
Additional paid-in capital	75,917	78,622
Accumulated deficit	(116,744)	(28,024)
Accumulated other comprehensive loss, net of tax	(19)	(54)
Total shareholders' equity	250,788	315,055
Total liabilities and shareholders' equity	$ 1,225,337	$ 1,357,249