Discontinued operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

The following table summarizes the results of discontinued operations for the periods presented in the condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2016 and 2015 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Revenues:
Net product revenue	$	(53	)	$	1,280		$	238		$	10,459
Operating expense:
Cost of product sold	—			182			15			2,134
Royalty expense	—			77			17			785
Research and development	—			(232		)	—			5,596
Selling, general and administrative	414			472			1,424			14,706
Restructuring expense	—			20			—			588
(Gain) on sale of business	—			(46		)	—			(89,099		)
Total operating (income) expense	414			473			1,456			(65,290		)
Other income	—			78			—			5,078
Net income (loss) from discontinued operations before tax	(467		)	885			(1,218		)	80,827
Income tax benefit (expense)	88			(2,520		)	88			(15,998		)
Net income (loss) from discontinued operations	$	(379	)	$	(1,635	)	$	(1,130	)	$	64,829

The following table summarizes the assets and liabilities of discontinued operations as of September 30, 2016 and December 31, 2015 related to the Zohydro ER business (in thousands):

	September 30, 2016		December 31, 2015
Assets
Current assets
Prepaid expenses and other current assets	$	6	$	208
Total current assets of discontinued operations	6		208
Total assets of discontinued operations	$	6	$	208
Liabilities
Current liabilities
Accounts payable	$	334	$	—
Accrued expenses	869		2,796
Deferred revenue and other current liabilities	—		110
Total current liabilities of discontinued operations	1,203		2,906
Total liabilities of discontinued operations	$	1,203	$	2,906