XML 48 R69.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Narrative) (Detail) - USD ($)
$ / shares in Units, shares in Millions
3 Months Ended 12 Months Ended
Jan. 07, 2018
Dec. 13, 2016
Sep. 21, 2016
Jul. 08, 2016
Jun. 02, 2016
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 30, 2019
Aug. 01, 2018
Jun. 27, 2018
Mar. 29, 2017
Jul. 09, 2016
Dec. 15, 2015
Sep. 18, 2015
Jul. 28, 2015
Nov. 06, 2014
Jun. 26, 2014
Oct. 18, 2013
Investment Owned, Balance, Shares                                             1.7          
Asset Impairment Charges                             $ 10,768,000 $ 8,200,000 $ 0                      
Investment estimated fair value, per share           $ 3.84                 $ 3.84                          
Impairment of Intangible Assets, Finite-lived                             $ 22,490,000 152,330,000 0                      
Intangible Assets, Gross (Excluding Goodwill)           $ 152,330,000                 152,330,000                          
Intangible assets, net           23,298,000       $ 51,319,000         23,298,000 51,319,000                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value           $ 266,196,000       376,510,000         266,196,000 376,510,000                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings                             (110,314,000)                          
Cash payment for purchase of royalty right                                                   $ 65,600,000    
Proceeds from Sale of Productive Assets                             $ 0 0 108,169,000                      
Sensitivity range for royalty disclosures           2.50%                 2.50%                          
Sale of royalty multiple                                         120.00%              
Proceeds from Legal Settlements                           $ 13,000,000                            
Royalty rights - at fair value           $ 266,196,000       376,510,000         $ 266,196,000 376,510,000                        
Percentage of royalty acquired                                                   75.00%    
Revenue Recognition, Milestone Method, Revenue Recognized   $ 6,000,000 $ 5,000,000   $ 6,000,000                                              
Revenues           (5,795,000) $ 44,165,000 $ (22,526,000) $ 38,913,000 45,119,000 $ 67,898,000 $ 46,575,000 $ 38,518,000   54,757,000 198,110,000 320,060,000                      
Maximum amount of additional funds, upon attainment of milestones $ 2,000,000                                                      
Change in fair value of acquired royalty rights, Level 3 Rollforward                             (31,042,000) 85,256,000                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings                             0 41,631,000                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements                             0 (858,000) $ 0                      
Notes Receivable, Fair Value Disclosure           57,300,000       70,000,000         57,300,000 70,000,000                        
Investment Owned, at Fair Value                                             $ 6,600,000          
Transfers from level 1 to level 2, amount           0       0         0 0                        
Transfers from level 2 to level 1, amount           0       $ 0         0 0                        
VB [Member]                                                        
Cash flow model expected royalty sales term                   10 years                                    
Sensitivity - increase in fair value from decrease in discount rate           1,600,000                 1,600,000                          
Sensitivity to increase or decrease in expected royalty           $ 300,000                 $ 300,000                          
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           15.00%                 15.00%                          
Royalty rights - at fair value           $ 13,600,000                 $ 13,600,000                          
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount           13,600,000                 $ 13,600,000                       $ 15,500,000  
Royalty asset multiple                             0                          
Sensitivity - decrease in fair value from increase in discount rate           1,300,000                 $ 1,300,000                          
University of Michigan [Member]                                                        
Cash flow model expected royalty sales term                   3 years                                    
Sensitivity - increase in fair value from decrease in discount rate           600,000                 600,000                          
Sensitivity to increase or decrease in expected royalty           $ 500,000                 $ 500,000                          
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           12.80%                 12.80%                          
Royalty rights - at fair value           $ 20,400,000                 $ 20,400,000                          
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount           20,400,000                 20,400,000                          
Revenues             $ 3,100,000                                          
Sensitivity - decrease in fair value from increase in discount rate           600,000                 600,000                          
Depomed [Member]                                                        
Cash payment for purchase of royalty right                                     $ 20,000,000                 $ 240,500,000
Maximum royalty prior to amendment                                                       481,000,000
Cash flow model expected royalty sales term                   9 years                                    
Sensitivity - increase in fair value from decrease in discount rate           20,500,000                 20,500,000                          
Sensitivity to increase or decrease in expected royalty           5,500,000                 5,500,000                          
Purchase of royalty right                                                       241,300,000
Royalty right purchase transaction costs                                                       $ 800,000
Royalty rights - at fair value           218,700,000                 218,700,000                          
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount           218,700,000                 218,700,000                          
Revenues           46,300,000                                            
Sensitivity - decrease in fair value from increase in discount rate           17,500,000                 17,500,000                          
ARIAD [Member]                                                        
Proceeds from Sale of Productive Assets                               108,200,000                        
Purchase of royalty right                                                 $ 100,000,000      
Royalty Guarantees, Commitments, Amount                                                 200,000,000      
ARIAD [Member] | Tranche 1 [Member]                                                        
Purchase of royalty right                                                 50,000,000      
ARIAD [Member] | Tranche 3 [Member]                                                        
Cash payment for purchase of royalty right                                                 $ 100,000,000      
AcelRx [Member]                                                        
Cash flow model expected royalty sales term                   13 years                                    
Sensitivity - increase in fair value from decrease in discount rate           1,400,000                 1,400,000                          
Sensitivity to increase or decrease in expected royalty           $ 300,000                 $ 300,000                          
Purchase of royalty right                                               $ 65,000,000        
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           13.40%                 13.40%                          
Royalty rights - at fair value           $ 13,000,000                 $ 13,000,000                          
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount           13,000,000                 13,000,000                          
Percentage of royalty acquired                                               75.00%        
Revenues               $ 60,000,000                                        
Sensitivity - decrease in fair value from increase in discount rate           1,200,000                 1,200,000                          
Kybella [Member]                                                        
Cash flow model expected royalty sales term                   6 years                                    
Sensitivity - increase in fair value from decrease in discount rate           100,000                 100,000                          
Sensitivity to increase or decrease in expected royalty           $ 100,000                 $ 100,000                          
Purchase of royalty right                                           $ 9,500,000            
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           14.40%                 14.40%                          
Royalty rights - at fair value           $ 600,000                 $ 600,000                          
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount           600,000                 600,000                          
Maximum amount of additional funds, upon attainment of milestones       $ 1,000,000                                                
Sensitivity - decrease in fair value from increase in discount rate           $ 100,000                 $ 100,000                          
Alphaeon [Member]                                                        
Investment Owned, Balance, Shares           1.7                 1.7                          
Investment Owned, at Fair Value           $ 6,600,000       $ 6,600,000         $ 6,600,000 6,600,000                        
Contingent Consideration [Member]                                                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value           0       $ (1,071,000)         0 (1,071,000)                        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements                             1,071,000                          
Noden [Member]                                                        
Impairment of Intangible Assets, Finite-lived                               152,300,000                        
Intangible Assets, Gross (Excluding Goodwill)           $ 10,100,000                 10,100,000     $ 32,600,000   $ 192,500,000                
Intangible assets, net                       $ 40,100,000                                
CareView [Member]                                                        
Asset Impairment Charges                             $ 10,800,000 $ 8,200,000                        
Minimum [Member] | Depomed [Member]                                                        
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           10.00%                 10.00%                          
Maximum [Member] | Depomed [Member]                                                        
Long-Duration Contracts, Assumptions by Product and Guarantee, Discount Rate           24.00%                 24.00%