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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Components of Income (Loss) Before Income Taxes

The components of income (loss) before income taxes were as follows:

 

     Year Ended
December 31,
 
     2017      2016      2015  

Foreign

   $ (35,680    $ (26,928    $ (21,409

U.S.

     (93,241      (82,510      (96,676
  

 

 

    

 

 

    

 

 

 

Totals

   $ (128,921    $ (109,438    $ (118,085
  

 

 

    

 

 

    

 

 

 

 

Schedule of Significant Components of Company's Deferred Tax Assets

The significant components of the Company’s deferred tax assets are comprised of the following:

 

     Year Ended
December 31,
 
     2017      2016  

Deferred tax assets:

     

U.S. and state net operating loss carryforwards

   $ 84,556      $ 91,584  

Stock-based compensation

     15,748        17,004  

Accruals and other temporary differences

     2,386        2,491  

Research and development credits

     29,186        15,898  

Capitalized research and development

     2,211        3,344  
  

 

 

    

 

 

 

Total deferred tax assets

     134,087        130,321  

Less valuation allowance

     (134,087      (130,321
  

 

 

    

 

 

 

Net deferred tax assets

   $ —        $ —    
  

 

 

    

 

 

 
Schedule of Reconciliation of Income Tax Expense Computed at Statutory Federal Income Tax Rate to Income Taxes

A reconciliation of income tax expense computed at the statutory federal income tax rate to income taxes as reflected in the financial statements is as follows:

 

     Year Ended
December 31,
 
     2017     2016     2015  

Federal income tax expense at statutory rate

     34.0     34.0     34.0

State income tax, net of federal benefit

     5.9     3.3     3.5

Permanent differences

     (3.9 )%      (3.1 )%      (5.1 )% 

Research and development credit

     8.4     4.8     12.2

Foreign rate differential

     (9.4 )%      (8.5 )%      (6.3 )% 

Change in valuation allowance

     (1.4 )%      (25.1 )%      (39.4 )% 

Provision to return adjustments

     1.0     (5.5 )%     

Other

     (1.4 )%          1.0

Federal rate change

     (33.2 )%         
  

 

 

   

 

 

   

 

 

 

Effective income tax rate

         (0.1 )%      (0.1 )%