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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2012
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule of assets measured at fair value on a recurring basis

 

 

 

 

Fair Value Measurements at June 30, 2012 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

 

$

27,417

 

$

27,417

 

$

 

$

 

Corporate debt securities

 

110,218

 

 

110,218

 

 

U.S. treasury and government agency securities

 

58,876

 

 

58,876

 

 

Commercial paper

 

7,477

 

 

7,477

 

 

 

 

$

203,988

 

$

27,417

 

$

176,571

 

$

 

 

 

 

Fair Value Measurements at December 31, 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

 

$

55,995

 

$

55,995

 

$

 

$

 

Corporate debt securities

 

94,626

 

 

94,626

 

 

U.S. treasury and government agency securities

 

48,086

 

 

48,086

 

 

Commercial paper

 

5,991

 

 

5,991

 

 

Auction rate securities

 

17,527

 

 

 

17,527

 

 

 

$

222,225

 

$

55,995

 

$

148,703

 

$

17,527

 

 

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

 

 

 

 

Six Months Ended June
30, 2012

 

Balance at beginning of period

 

$

17,527

 

Transfers to Level 3

 

 

Total gains (losses) (realized or unrealized):

 

 

 

Included in earnings

 

(1,471

)

Included in other comprehensive income (loss)

 

2,373

 

Purchases, issuances, sales and settlements:

 

 

 

Purchases

 

 

Issuances

 

 

Sales

 

(18,329

)

Settlements

 

(100

)

Balance at end of period

 

$

 

 

 

 

 

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 June 30,

 

 

 

2012

 

2011

 

Product sales allowances and accruals

 

 

 

 

 

Discounts and chargebacks

 

$

6,846

 

$

3,579

 

Government and other rebates

 

1,672

 

2,737

 

Returns

 

(292

)

369

 

Total provision for product sales allowances and accruals

 

$

8,226

 

$

6,685

 

 

 

 

 

 

 

Total gross product sales

 

$

22,646

 

$

19,766

 

 

 

 

 

 

 

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

 

36

%

34

%

 

 

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

Product sales allowances and accruals

 

 

 

 

 

Discounts and chargebacks

 

$

12,738

 

$

5,799

 

Government and other rebates

 

3,132

 

5,271

 

Returns

 

(558

)

668

 

Total provision for product sales allowances and accruals

 

$

15,312

 

$

11,738

 

 

 

 

 

 

 

Total gross product sales

 

$

43,440

 

$

35,841

 

 

 

 

 

 

 

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

 

35

%

33

%

 

Schedule of customers representing 10% or more of revenues

 

 

 

 

Six Months Ended June 30,

 

 

 

2012

 

2011

 

Takeda Pharmaceuticals Company Limited

 

40

%

16

%

AmerisourceBergen Drug Corporation

 

30

%

40

%

McKesson Corporation

 

14

%

19

%

Cardinal Health, Inc.

 

10

%

12

%