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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2011
Basis of Presentation and Summary of Significant Accounting Policies 
Schedule of assets measured at fair value on a recurring basis

 

 

Fair Value Measurements at September 30, 2011 Using:

 

 

 

 

 

Quoted Prices in Active
Markets for Identical
Assets

 

Significant Other
Observable Inputs

 

Significant
Unobservable
Inputs

 

 

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Money market funds

 

$

62,709

 

$

62,709

 

$

 

$

 

Corporate debt securities

 

92,757

 

 

92,757

 

 

U.S. treasury and government agency securities

 

44,310

 

 

44,310

 

 

Commercial paper

 

12,993

 

 

12,993

 

 

Auction rate securities

 

25,131

 

 

 

25,131

 

 

 

$

237,900

 

$

62,709

 

$

150,060

 

$

25,131

 

 

 

 

Fair Value Measurements at December 31, 2010 Using:

 

 

 

 

 

Quoted Prices in Active
Markets for Identical
Assets

 

Significant Other
Observable Inputs

 

Significant
Unobservable
Inputs

 

 

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Money market funds

 

$

110,238

 

$

110,238

 

$

 

$

 

Corporate debt securities

 

83,768

 

 

83,768

 

 

U.S. treasury and government agency securities

 

50,925

 

 

50,925

 

 

Foreign government securities

 

2,431

 

 

2,431

 

 

Commercial paper

 

10,495

 

 

10,495

 

 

Auction rate securities

 

33,597

 

 

 

33,597

 

 

 

$

291,454

 

$

110,238

 

$

147,619

 

$

33,597

Rollforward of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

 

 

 

Nine Months Ended

 

 

 

September 30, 2011

 

Balance at beginning of period

 

$

33,597

 

Transfers to Level 3

 

 

Total gains (losses) (realized or unrealized):

 

 

 

Included in earnings

 

(210

)

Included in other comprehensive income (loss)

 

2,694

 

Purchases, issuances, sales, and settlements:

 

 

Purchases

 

 

Issuances

 

 

Sales

 

 

Settlements

 

(10,950

)

 

 

 

 

Balance at end of period

 

$

25,131

 

 

 

 

 

The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at end of period

 

$

 

Analysis of product sales allowances and accruals

 

 

Three Months Ended September 30,

 

 

 

2011

 

2010

 

Product sales allowances and accruals

 

 

 

 

 

Discounts and chargebacks

 

$

3,601

 

$

1,218

 

Government and other rebates

 

2,120

 

4,383

 

Medicaid rebate reserve adjustment

 

(3,026

)

 

Returns

 

354

 

359

 

Total product sales allowances and accruals

 

$

3,049

 

$

5,960

 

 

 

 

 

 

 

Total gross product sales

 

$

18,851

 

$

21,133

 

 

 

 

 

 

 

Total product sales allowances and accruals as a percent of total gross product sales

 

16

%

28

%

 

 

 

Nine Months Ended September 30,

 

 

 

2011

 

2010

 

Product sales allowances and accruals

 

 

 

 

 

Discounts and chargebacks

 

$

9,400

 

$

3,035

 

Government and other rebates

 

6,897

 

11,917

 

Medicaid rebate reserve adjustment

 

(2,532

)

 

Returns

 

1,022

 

936

 

Total product sales allowances and accruals

 

$

14,787

 

$

15,888

 

 

 

 

 

 

 

Total gross product sales

 

$

54,692

 

$

60,582

 

 

 

 

 

 

 

Total product sales allowances and accruals as a percent of total gross product sales

 

27

%

26

%

Schedule of customers representing 10% or more of revenues

 

 

 

Nine Months Ended September 30,

 

 

 

2011

 

2010

 

AmerisourceBergen Drug Corporation

 

42

%

36

%

McKesson Corporation

 

20

%

<10

%

Takeda Pharmaceutical Company Limited

 

13

%

<10

%

Cardinal Health, Inc.

 

12

%

<10

%

Metro Medical Supply, Inc.

 

<10

%

21

%