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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (99,533) $ (85,343) $ (67,543)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 5,587 4,464 2,994
Loss on disposal of property and equipment 1 75 166
Equity-based compensation 15,091 17,046 15,322
Accretion of investment discounts (3,725) (676)  
Changes in operating assets and liabilities:      
Accounts receivable 2,927 2,924 (4,017)
Prepaid expenses and other current assets (1,763) 310 (1,893)
Operating right-of-use assets 5,728    
Other assets 153 1,022 902
Accounts payable 1,880 232 (488)
Accrued expenses 2,310 2,780 2,394
Deferred revenue (27,122) (3,936) (12,988)
Operating lease liabilities (4,774)    
Other long-term liabilities   (155) (125)
Net cash used in operating activities (103,240) (61,257) (65,276)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (6,794) (6,358) (10,091)
Proceeds from sale of property and equipment   131  
Purchases of marketable securities (297,030) (254,555)  
Maturities of marketable securities 329,000    
Net cash provided by (used in) investing activities 25,176 (260,782) (10,091)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from common stock offerings, net of offering costs 72,256 28,547 141,000
Proceeds from options exercised 3,086 10,652 1,156
Issuance of shares through employee stock purchase plan 1,092 1,018 825
Net cash provided by financing activities 76,434 40,217 142,981
Net (decrease) increase in cash and cash equivalents (1,630) (281,822) 67,614
Cash and cash equivalents, beginning of period 58,856 340,678 273,064
Cash and cash equivalents, end of period 57,226 58,856 340,678
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Purchases of property and equipment unpaid at period end 800 $ 1,071 $ 805
Right-of-use assets acquired under operating leases $ 2,554