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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of components of income (loss) before provision for (benefit from) income taxes

	2011			2010			2009

	(in thousands)
United States	$	343,515		$	(719,859	)	$	(621,455	)
Foreign		(283,070	)		(34,767	)		(20,723	)

Income (loss) before provision for income taxes	$	60,445		$	(754,626	)	$	(642,178	)

Schedule of components of provision of income taxes

	2011			2010		2009

	(in thousands)
Current taxes:
United States	$	22,275		$	—	$	—
Foreign		(561	)		—		—
State		8,655			—		—

	$	30,369		$	—	$	—

Deferred taxes:
United States	$	19,629		$	—	$	—
Foreign		(32,692	)		—		—
State		1,960			—		—

	$	(11,103	)	$	—	$	—
Provision for income taxes	$	19,266		$	—	$	—

Reconciliation of the provision for income taxes

	2011			2010			2009

	(in thousands)
Income (loss) before provision for income taxes	$	60,445		$	(754,626	)	$	(642,178	)
Expected tax provision (benefit)		21,156			(256,574	)		(218,341	)
State taxes, net of federal benefit		10,624			(46,108	)		(38,965	)
Foreign rate differential		43,629			632			674
Tax credits		(51,086	)		(23,292	)		(13,027	)
Unbenefited operating losses		(6,286	)		322,551			260,741
Non-deductible expenses		1,953			2,158			8,244
Other		(724	)		633			674

Income tax provision	$	19,266		$	—		$	—

Schedule of unrecognized tax benefits

	2011			2010

	(in thousands)
Unrecognized tax benefits beginning of year	$	2,374		$	1,858
Gross change for current year positions		2,564			516
Increase for prior period positions		—			—
Decrease for prior period positions		—			—
Decrease due to settlements and payments		(23	)		—
Decrease due to statute limitations		(560	)		—

Unrecognized tax benefits end of year	$	4,360		$	2,374

Schedule of deferred tax assets and liabilities

	2011			2010

	(in thousands)
Deferred tax assets:
Net operating loss	$	870,367		$	944,275
Tax credit carryforwards		167,759			112,467
Property and equipment		15,537			22,483
Intangibles		71,076			—
Deferred revenues		59,939			138,809
Stock-based compensation		90,563			81,211
Inventory		23,883			38,810
Accrued expenses and other		30,636			30,078
Unrealized Loss		245			—

Gross deferred tax assets		1,330,005			1,368,133
Valuation allowance		(1,329,775	)		(1,368,133	)

Total deferred tax assets		230			—
Deferred tax liabilities:
Contingent consideration		(14,241	)		—
Acquired intangibles		(229,696	)		(160,278	)

Net deferred tax liabilities	$	(243,707	)	$	(160,278	)

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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