XML 48 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Contract manufacturing revenue $ 6,003 $ 2,238 $ 10,184 $ 2,238
Net product revenue 0 3,355 0 9,840
Service and other product revenue 1,364 1,144 1,797 2,048
Total revenue 7,367 6,737 11,981 14,126
Operating (income) expense:        
Cost of contract manufacturing 5,803 1,935 9,726 1,935
Cost of goods sold 0 1,928 0 5,261
Royalty expense 71 172 143 439
Research and development 6,241 3,162 11,390 5,703
Selling, general and administrative 7,582 9,062 13,851 21,590
Change in fair value of contingent purchase consideration (600) 0 (1,600) 0
Impairment of long-lived assets 0 838 0 838
Net gain on sale of business 0 (79,980) 0 (79,980)
Total operating (income) expense 19,097 (62,883) 33,510 (44,214)
Income (loss) from operations (11,730) 69,620 (21,529) 58,340
Other income (expense):        
Interest income 9 6 14 12
Interest expense (907) (1,029) (1,555) (2,915)
Loss on early extinguishment of debt 0 (1,254) 0 (1,254)
Change in fair value of warrant liabilities (975) 10,201 (564) 18,470
Change in fair value of embedded derivatives 0 0 0 (14)
Other expense (39) (8) (160) (55)
Total other income (expense) (1,912) 7,916 (2,265) 14,244
Net income (loss) from continuing operations before income taxes (13,642) 77,536 (23,794) 72,584
Benefit for income taxes 6,946 0 6,932 0
Net income (loss) from continuing operations (6,696) 77,536 (16,862) 72,584
Income (loss) from discontinued operations 79,160 (14,672) 66,464 (30,651)
Net income $ 72,464 $ 62,864 $ 49,602 $ 41,933
Basic net income (loss) per share:(1)        
Continuing operations, usd per share [1] $ (0.35) $ 4.43 $ (0.88) $ 4.16
Discontinued operations, usd per share [1] 4.13 (0.84) 3.47 (1.76)
Total, usd per share [1] 3.78 3.59 2.59 2.40
Diluted net income (loss) per share:(1)        
Continuing operations, usd per share [1] (0.35) 4.43 (0.88) 3.03
Discontinued operations, usd per share 4.13 [1] (0.84) [1] 3.47 (1.72) [1]
Net income (loss) per share, diluted, usd per share [1] $ 3.78 $ 3.59 $ 2.59 $ 1.31
Weighted average common shares outstanding, basic 19,176 17,498 19,173 17,454
Weighted average shares outstanding, diluted 19,176 17,498 19,173 17,846
Statements of Comprehensive Income        
Net income $ 72,464 $ 62,864 $ 49,602 $ 41,933
Other comprehensive loss:        
Unrealized loss on available-for-sale securities (1,552) 0 (1,552) 0
Comprehensive income $ 70,912 $ 62,864 $ 48,050 $ 41,933
[1] The sum of net income (loss) per share amounts may not equal the totals due to rounding.