Accrued Expenses

9 Months Ended

Sep. 30, 2015

Payables And Accruals [Abstract]

Accrued Expenses

Note 5—Accrued Expenses:

Accrued expenses consisted of the following (in thousands):

	September 30, 2015		December 31, 2014
Accrued CRO services	$	8,813	$	7,764
Accrued other clinical development		2,610		2,541
Accrued legal fees		334		195
Accrued compensation		3,735		2,449
Payroll taxes withheld for options exercised		—		16,414
Other		56		81
Totals	$	15,548	$	29,444

Accrued CRO services represent the Company’s estimate of such costs and will be adjusted in the period the actual costs become known. Accrued compensation includes estimated bonus and earned but unused vacation for full-time employees. When actual performance bonuses are paid out to employees on the employee’s anniversary of hire, the bonus expense will be adjusted to reflect the actual expense for the year. Additionally, vacation is accrued at the rate the employee earns vacation and reduced as vacation is used by the employee.