Assets Held for Sale

3 Months Ended

Mar. 31, 2015

Assets Held for Sale [Abstract]

Disclosure of Long Lived Assets Held-for-sale

Assets Held for Sale

Lexicon’s buildings and land have been reclassified as assets held for sale on the consolidated balance sheet as of March 31, 2015. The Company estimated the fair value of the net assets to be sold at approximately $23.8 million as of March 31, 2015, which represents estimated selling price less costs to sell. The fair value of the net assets to be sold was determined using Level 2 inputs using sales prices in similar real estate sales and offers received from potential purchasers of the building.