XML 18 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-Term Debt (Details) (USD $)
3 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Jun. 30, 2013
Jan. 31, 2013
Jan. 31, 2013
Jul. 15, 2014
Dec. 31, 2014
Apr. 30, 2014
Debt disclosures                
Convertible Subordinated Debt, Noncurrent $ 255,109,000us-gaap_ConvertibleSubordinatedDebtNoncurrent           $ 255,109,000us-gaap_ConvertibleSubordinatedDebtNoncurrent [1]  
Non-recourse notes, due 2029 476,954,000us-gaap_SecuredLongTermDebt           470,527,000us-gaap_SecuredLongTermDebt [1]  
Long-term Debt, Excluding Current Maturities 732,063,000us-gaap_LongTermDebtNoncurrent           725,636,000us-gaap_LongTermDebtNoncurrent  
Interest amount added to principal balance 6,427,000us-gaap_InterestCostsCapitalized 0us-gaap_InterestCostsCapitalized            
Convertible subordinated notes due 2023                
Debt disclosures                
Convertible Subordinated Debt, Noncurrent 255,109,000us-gaap_ConvertibleSubordinatedDebtNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
          255,109,000us-gaap_ConvertibleSubordinatedDebtNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
 
Loan amount       287,500,000us-gaap_DebtInstrumentFaceAmount
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= thrx_Percent2.125ConvertibleDebtMember
287,500,000us-gaap_DebtInstrumentFaceAmount
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= thrx_Percent2.125ConvertibleDebtMember
     
Proceeds from issuances of note payable, net of debt issuance costs       281,200,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
       
Interest rate (as a percent)       2.125%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
2.125%us-gaap_DebtInstrumentInterestRateStatedPercentage
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= thrx_Percent2.125ConvertibleDebtMember
     
Conversion rate of shares 48.9758us-gaap_DebtInstrumentConvertibleConversionRatio1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
  46.9087us-gaap_DebtInstrumentConvertibleConversionRatio1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
  35.9903us-gaap_DebtInstrumentConvertibleConversionRatio1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
     
Conversion price of convertible notes into common stock (in dollars per share) $ 20.4200us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
  $ 21.32us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
$ 27.79us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
$ 27.79us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
     
Percentage of principal amount at which the entity may be forced to redeem some or all notes as a result of a fundamental change (as defined)       100.00%thrx_DebtInstrumentRedemptionPriceAsPercentageOfPrincipalAmountUponOccurrenceOfFundamentalChange
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
       
Convertible subordinated notes due 2023 | Common stock                
Debt disclosures                
Conversion price of convertible notes into common stock (in dollars per share)           $ 21.32us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_StatementClassOfStockAxis
= thrx_CommonStockUnspecifiedMember
   
Number of common shares issued upon debt conversion           1,519,402us-gaap_DebtConversionConvertedInstrumentSharesIssued1
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/ us-gaap_StatementClassOfStockAxis
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Number of common stares received           149,645us-gaap_TreasuryStockSharesAcquired
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/ us-gaap_StatementClassOfStockAxis
= thrx_CommonStockUnspecifiedMember
   
Convertible subordinated notes due 2023 | Privately-negotiated capped call option                
Debt disclosures                
Payments for capped call options       36,800,000us-gaap_DerivativeCostOfHedge
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36,800,000us-gaap_DerivativeCostOfHedge
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
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Number of derivative instruments purchased       2thrx_NumberOfDerivativeInstrumentsPurchased
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
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2thrx_NumberOfDerivativeInstrumentsPurchased
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
     
Strike price for the underlying number of shares (in dollars per share) $ 20.4200us-gaap_OptionIndexedToIssuersEquityStrikePrice1
/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
  $ 21.32us-gaap_OptionIndexedToIssuersEquityStrikePrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
$ 27.79us-gaap_OptionIndexedToIssuersEquityStrikePrice1
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
       
Cap price for the underlying number of shares (in dollars per share) 27.92us-gaap_DerivativeCapPrice
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
  29.16us-gaap_DerivativeCapPrice
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
38.00us-gaap_DerivativeCapPrice
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
38.00us-gaap_DerivativeCapPrice
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent2.125ConvertibleDebtMember
/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= thrx_PrivatelyNegotiatedCappedCallOptionMember
     
Convertible subordinated notes due 2023 | Stock prices below $27.79 per share | Maximum                
Debt disclosures                
Net shares settlement payable to the entity       2,779,659thrx_NumberOfSharesReceivableOnSettlementOfDerivativeInstrument
/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= us-gaap_CallOptionMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
       
Convertible subordinated notes due 2023 | Stock prices below $27.79 per share | Minimum                
Debt disclosures                
Net shares settlement payable to the entity       0thrx_NumberOfSharesReceivableOnSettlementOfDerivativeInstrument
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= us-gaap_CallOptionMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
       
Convertible subordinated notes due 2023 | Stock prices above $38.00 per share                
Debt disclosures                
Incremental Common Shares Attributable to Capped Call Options       0thrx_IncrementalCommonSharesAttributableToCappedCallOptions
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/ us-gaap_OptionIndexedToIssuersEquityTypeAxis
= us-gaap_PutOptionMember
       
Non-recourse notes payable due 2029                
Debt disclosures                
Non-recourse notes, due 2029 476,954,000us-gaap_SecuredLongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent9FixedRateTermNotesDue2029Member
          470,527,000us-gaap_SecuredLongTermDebt
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent9FixedRateTermNotesDue2029Member
 
Non-recourse notes payable due 2029 | GSK                
Debt disclosures                
Loan amount               450,000,000us-gaap_DebtInstrumentFaceAmount
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/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
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Interest rate (as a percent)               9.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent9FixedRateTermNotesDue2029Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= thrx_GSKMember
Percentage of royalties from global net sales               40.00%thrx_PercentageOfRoyaltiesFromGlobalNetSales
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent9FixedRateTermNotesDue2029Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= thrx_GSKMember
Interest amount added to principal balance 6,400,000us-gaap_InterestCostsCapitalized
/ us-gaap_LongtermDebtTypeAxis
= thrx_Percent9FixedRateTermNotesDue2029Member
/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= thrx_GSKMember
             
Transaction costs               $ 15,300,000us-gaap_UnamortizedDebtIssuanceExpense
/ us-gaap_LongtermDebtTypeAxis
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/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= thrx_GSKMember
[1] Condensed consolidated balance sheet at December 31, 2014 has been derived from audited consolidated financial statements.