Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company evaluates performance based on the operating income (loss) of the respective business segments. The segment results may not represent actual results that would be expected if they were independent, stand-alone businesses. Segment information is as follows (in thousands):

Balance Sheet Data:	As of June 30, 2015
	Ligand			CyDex			Total
Total assets	$	239,133		$	65,629		$	304,762
	As of December 31, 2014
	Ligand			CyDex			Total
Total assets	$	184,215		$	73,814		$	258,029
Operating Data:	For the three months ended June 30, 2015
	Ligand			CyDex			Total
Net revenues from external customers	$	5,200		$	13,218		$	18,418
Depreciation and amortization expense	$	38		$	597		$	635
Operating (loss) income	$	(4,465	)	$	8,830		$	4,365
Interest expense, net	$	2,969		$	—		$	2,969
Income tax (expense) benefit	$	(254	)	$	(11	)	$	(265	)
	For the three months ended June 30, 2014
	Ligand			CyDex			Total
Net revenues from external customers	$	5,692		$	4,916		$	10,608
Depreciation and amortization expense	$	68		$	601		$	669
Operating (loss) income	$	(867	)	$	2,225		$	1,358
Interest expense, net	$	181		$	—		$	181
Income tax (expense) benefit	$	45		$	2		$	47
	For the six months ended June 30, 2015
	Ligand			CyDex			Total
Net revenues from external customers	$	14,206		$	18,814		$	33,020
Depreciation and amortization expense	$	102		$	1,194		$	1,296
Operating (loss) income	$	(4,007	)	$	11,722		$	7,715
Interest expense, net	$	5,945		$	—		$	5,945
Income tax (expense) benefit	$	(268	)	$	(11	)	$	(279	)
	For the six months ended June 30, 2014
	Ligand			CyDex			Total
Net revenues from external customers	$	12,483		$	14,083		$	26,566
Depreciation and amortization expense	$	134		$	1,203		$	1,337
Operating (loss) income	$	(938	)	$	7,396		$	6,458
Interest expense, net	$	429		$	—		$	429
Income tax (expense) benefit	$	(6	)	$	—		$	(6	)