Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Revenues: | |||
Net product sales | $ 12,909us-gaap_SalesRevenueGoodsNet | ||
Royalty revenue | 6,502us-gaap_RoyaltyRevenue | 7,090us-gaap_RoyaltyRevenue | 5,938us-gaap_RoyaltyRevenue |
Licensing agreement | 30,746us-gaap_LicensesRevenue | 26,789us-gaap_LicensesRevenue | 26,789us-gaap_LicensesRevenue |
Total revenues | 50,157us-gaap_Revenues | 33,879us-gaap_Revenues | 32,727us-gaap_Revenues |
Operating expenses: | |||
Cost of goods sold | 1,583us-gaap_CostOfGoodsSold | 129us-gaap_CostOfGoodsSold | |
Research and development | 19,230us-gaap_ResearchAndDevelopmentExpense | 28,502us-gaap_ResearchAndDevelopmentExpense | 45,764us-gaap_ResearchAndDevelopmentExpense |
Selling, general and administrative | 84,644us-gaap_SellingGeneralAndAdministrativeExpense | 25,082us-gaap_SellingGeneralAndAdministrativeExpense | 14,517us-gaap_SellingGeneralAndAdministrativeExpense |
Intangible asset amortization | 2,254us-gaap_AmortizationOfIntangibleAssets | 1,495us-gaap_AmortizationOfIntangibleAssets | 1,495us-gaap_AmortizationOfIntangibleAssets |
Gain on arbitration settlement | (77,616)us-gaap_GainLossRelatedToLitigationSettlement | ||
Total operating expenses | 30,095us-gaap_CostsAndExpenses | 55,079us-gaap_CostsAndExpenses | 61,905us-gaap_CostsAndExpenses |
Income (loss) from operations | 20,062us-gaap_OperatingIncomeLoss | (21,200)us-gaap_OperatingIncomeLoss | (29,178)us-gaap_OperatingIncomeLoss |
Other income | 124us-gaap_OtherIncome | 145us-gaap_OtherIncome | 561us-gaap_OtherIncome |
Net income (loss) | $ 20,186us-gaap_NetIncomeLoss | $ (21,055)us-gaap_NetIncomeLoss | $ (28,617)us-gaap_NetIncomeLoss |
Net income (loss) per share: | |||
Basic | $ 0.58us-gaap_EarningsPerShareBasic | $ (0.69)us-gaap_EarningsPerShareBasic | $ (1.01)us-gaap_EarningsPerShareBasic |
Diluted | $ 0.55us-gaap_EarningsPerShareDiluted | $ (0.69)us-gaap_EarningsPerShareDiluted | $ (1.01)us-gaap_EarningsPerShareDiluted |
Weighted average shares outstanding: | |||
Basic | 34,774,163us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 30,351,353us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 28,228,409us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
Diluted | 36,686,723us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 30,351,353us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 28,228,409us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) recognized in settlement of litigation and insurance claims. Excludes claims within an insurance entity's normal claims settlement process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenue earned during the period relating to consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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X | ||||||||||
- Definition
Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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