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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ (7,527) $ 12,904
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,644 14,519
Amortization of premium/discount on purchased securities 177 56
Non-cash equity-based compensation expense 6,160 2,668
Amortization of debt discount and debt issuance costs 2,937 2,401
Change in fair value of contingent consideration 5,056 2,599
Deferred income taxes (1,469) 5,608
Changes in operating assets and liabilities:    
Accounts receivable, net 2,924 (18,004)
Inventories (2,157) 3,326
Receivable from collaboration 246 4,518
Prepaid and other current assets (3,078) 3,076
Accounts payable and accrued expenses (6,647) 4,852
Deferred revenues 9,717 (10,813)
Other assets and liabilities 593 1,686
Net cash provided by operating activities 26,576 29,396
Cash flows from investing activities:    
Proceeds from sales or maturities of investments 25,500 1,459
Purchase of investments (63,413) (93,895)
Capital expenditures, net of proceeds from sale of assets (681) (55)
Net cash (used in) investing activities (38,594) (92,491)
Cash flows from financing activities:    
Proceeds from the issuance of common stock, net of underwriting discounts and other expenses   189,150
Long-term debt principal payments (4,375) (8,185)
Payment of contingent consideration (65) (84)
Payments for repurchases of common stock (7,562)  
Proceeds from the exercise of stock options 400 6,719
Payments of employee tax withholding related to equity-based compensation (1,696)  
Net cash (used in) provided by financing activities (13,298) 187,600
Net (decrease) increase in cash and cash equivalents (25,316) 124,505
Cash and cash equivalents at beginning of the period 228,705 119,296
Cash and cash equivalents at end of the period 203,389 243,801
Supplemental data of cash flow information:    
Cash paid for taxes 2,400 238
Cash paid for interest 27,964 $ 8,880
Lumara Health    
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:    
Change in fair value of contingent consideration 4,700  
MuGard    
Adjustments to reconcile net income ( loss) to net cash provided by (used in) operating activities:    
Change in fair value of contingent consideration $ (400)