Supplementary Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2014

Supplementary Financial Data (Unaudited)

Supplementary Financial Data (Unaudited)

SUPPLEMENTARY FINANCIAL DATA (UNAUDITED)
(In thousands, except per share amounts)

        The following table presents certain unaudited consolidated quarterly financial information for the eight quarters in the period ended December 31, 2014. This information has been prepared on the same basis as the audited consolidated financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein.

	For the Quarters Ended(1)
	March 31			June 30			September 30			December 31
2014
Total revenue	$	(780	)	$	934		$	999		$	7,280
Operating expenses		(13,943	)		(10,728	)		(10,541	)		(7,150	)
Loss from continuing operations, net of tax		(16,182	)		(20,151	)		(21,271	)		(15,926	)
Loss from discontinued operations		(51,521	)		(43,413	)		—			—
Net loss	$	(67,703	)	$	(63,564	)	$	(21,271	)	$	(15,926	)
Basic and diluted net loss per common share:
Continuing operations, net of tax	$	(0.15	)	$	(0.18	)	$	(0.19	)	$	(0.14	)
Discontinued operations		(0.47	)		(0.39	)		—			—
Basic and diluted net loss per common share	$	(0.62	)	$	(0.57	)	$	(0.19	)	$	(0.14	)
Cash dividends declared per share	$	—		$	—		$	0.25		$	0.25
2013
Total revenue	$	1,322		$	1,322		$	415		$	1,473
Operating expenses		(8,095	)		(8,220	)		(8,122	)		(8,890	)
Loss from continuing operations, net of tax(2)		(10,746	)		(1,541	)		(9,454	)		(8,894	)
Loss from discontinued operations		(26,614	)		(34,888	)		(37,531	)		(41,035	)
Net loss	$	(37,360	)	$	(36,429	)	$	(46,985	)	$	(49,929	)
Basic and diluted net loss per common share:
Continuing operations, net of tax	$	(0.11	)	$	(0.02	)	$	(0.09	)	$	(0.08	)
Discontinued operations		(0.28	)		(0.35	)		(0.35	)		(0.38	)
Basic and diluted net loss per common share	$	(0.39	)	$	(0.37	)	$	(0.44	)	$	(0.46	)

(1)	Amounts were computed independently for each quarter, and the sum of the quarters may not total the annual amounts.
(2)	Loss from continuing operations, net of tax for the second quarter of 2013 includes net cash received from the termination of our royalty participation agreement with Elan Corporation, plc.