XML 59 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income (loss) $ 9,551 $ (1,590)
Less: gain from discontinued operations 2,588 3,670
Income (loss) from continuing operations 6,963 (5,260)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Non-cash change in estimated fair value of contingent liabilities (368) (1,191)
Write-off of in-process research and development 480 0
Depreciation and amortization 2,007 1,978
Share-based compensation 4,149 3,116
Deferred income taxes 237 446
Accretion of note payable 321 362
Other (13) (14)
Changes in operating assets and liabilities:    
Accounts receivable (918) 3,953
Inventory 86 (798)
Other current assets (683) 329
Other long-term assets 173 322
Accounts payable and accrued liabilities (2,306) (3,009)
Other liabilities (396) 15
Deferred revenue (434) (1,710)
Net cash provided by (used in) operating activities of continuing operations 9,298 (1,461)
Net cash used in operating activities of discontinued operations (642) (550)
Net cash provided by (used in) operating activities 8,656 (2,011)
Investing activities    
Purchase of commercial license rights (3,571) 0
Payments to CVR holders and former license holders (100) (8,049)
Purchases of property and equipment (263) (633)
Proceeds from sale of property and equipment 3 17
Proceeds from sale of short-term investments    10,000
Other (40)   
Net cash (used in) provided by investing activities (3,971) 1,335
Financing activities    
Proceeds from issuance of debt    7,500
Repayment of debt (16,224) (10,000)
Net proceeds from issuance of common stock    2,647
Net proceeds from employee stock purchase plan 84 68
Net proceeds from stock option exercises 2,345 466
Net cash (used in) provided by financing activities (13,795) 681
Net (decrease) increase in cash and cash equivalents (9,110) 5
Cash and cash equivalents at beginning of period 12,381 7,041
Cash and cash equivalents at end of period 3,271 7,046
Supplemental Disclosure of cash flow information    
Interest paid 1,566 1,854
Taxes paid 5 15
Supplemental schedule of non-cash activity    
Liability for commercial license rights 1,000   
Accrued inventory purchases 227 449
Unrealized gain on AFS investments $ 2,201 $ 0