XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Organization and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Impact of Adoption of Topic 606 and Topic 842 | The impact of the adoption of Topic 606 and Topic 842 on the accompanying Condensed Consolidated Balance Sheet as of January 1, 2018 was as follows (in thousands):
| December 31, 2017 |  | Adjustments Due to the Adoption of Topic 606 |  | Adjustments Due to the Adoption of Topic 842 |  | January 1, 2018
Contract assets: unbilled collaboration revenue, gross: |  |  |  |  |  |  |
Current portion | $ | — |  |  | $ | 9,588 |  |  | $ | — |  |  | $ | 9,588 |
Long-term portion | $ | — |  |  | $ | 12,247 |  |  | $ | — |  |  | $ | 12,247 |
Trade and other receivables, net | $ | 81,192 |  |  | $ | — |  |  | $ | 7,743 |  |  | $ | 88,935 |
Property and equipment, net | $ | 25,743 |  |  | $ | — |  |  | $ | (14,530 | ) |  | $ | 11,213 |
Operating lease right-of-use assets | $ | — |  |  | $ | — |  |  | $ | 8,579 |  |  | $ | 8,579 |
Contract liabilities: deferred revenue, gross: |  |  |  |  |  |  |
Current portion | $ | 31,984 |  |  | $ | (23,591 | ) |  | $ | — |  |  | $ | 8,393 |
Long-term portion | $ | 238,520 |  |  | $ | (213,079 | ) |  | $ | — |  |  | $ | 25,441 |
Operating lease liabilities: |  |  |  |  |  |  |
Other current liabilities(1) | $ | 16,150 |  |  | $ | — |  |  | $ | 3,173 |  |  | $ | 19,323 |
Long-term portion of lease liabilities (2) | $ | 14,530 |  |  | $ | — |  |  | $ | (1,206 | ) |  | $ | 13,324 |
Other long-term liabilities | $ | 2,113 |  |  | $ | — |  |  | $ | (408 | ) |  | $ | 1,705 |
Accumulated deficit | $ | (1,829,172 | ) |  | $ | 258,505 |  |  | $ | 233 |  |  | $ | (1,570,434 | )
____________________ (1) Includes deferred rent and current portion of operating lease liabilities. (2) Long-term portion of operating lease liabilities and Financing obligation for build-to-suit lease. The impact of the adoption of Topic 606 and Topic 842 on the accompanying Condensed Consolidated Statements of Operations as of and for three and nine months ended September 30, 2018 were as follows (in thousands):
| Three Months Ended September 30, 2018
| As Reported |  | Effect of Adoption of Topic 606 Higher / (Lower) |  | Effect of Adoption of Topic 842 Higher / (Lower) |  | Balances Without the Adoption of Topic 606 or 842
Collaboration revenues | $ | 62,451 |  |  | $ | 32,558 |  |  | $ | — |  |  | $ | 29,893 |
Total revenues | $ | 225,397 |  |  | $ | 32,558 |  |  | $ | — |  |  | $ | 192,839 |
Selling, general and administrative expenses | $ | 48,120 |  |  | $ | — |  |  | $ | 936 |  |  | $ | 47,184 |
Total operating expenses | $ | 100,221 |  |  | $ | — |  |  | $ | 936 |  |  | $ | 99,285 |
Interest expense | $ | (1 | ) |  | $ | — |  |  | $ | (348 | ) |  | $ | (349 | )
Total other income, net | $ | 3,778 |  |  | $ | — |  |  | $ | 348 |  |  | $ | 3,430 |
Income before income taxes | $ | 128,954 |  |  | $ | 32,558 |  |  | $ | (588 | ) |  | $ | 96,984 |
Provision for income taxes | $ | 2,324 |  |  | $ | 680 |  |  | $ | (2 | ) |  | $ | 1,646 |
Net income | $ | 126,630 |  |  | $ | 31,878 |  |  | $ | (586 | ) |  | $ | 95,338 |
Net income per share, basic | $ | 0.42 |  |  | $ | 0.11 |  |  | $ | — |  |  | $ | 0.32 |
Net income per share, diluted | $ | 0.41 |  |  | $ | 0.10 |  |  | $ | — |  |  | $ | 0.31 |
| Nine Months Ended September 30, 2018
| As Reported |  | Effect of Adoption of Topic 606 Higher / (Lower) |  | Effect of Adoption of Topic 842 Higher / (Lower) |  | Balances Without the Adoption of Topic 606 or 842
Collaboration revenues | $ | 182,170 |  |  | $ | 9,809 |  |  | $ | — |  |  | $ | 172,361 |
Total revenues | $ | 625,224 |  |  | $ | 9,809 |  |  | $ | — |  |  | $ | 615,415 |
Selling, general and administrative expenses | $ | 153,989 |  |  | $ | — |  |  | $ | 936 |  |  | $ | 153,053 |
Total operating expenses | $ | 297,971 |  |  | $ | — |  |  | $ | 936 |  |  | $ | 297,035 |
Interest expense | $ | (1 | ) |  | $ | — |  |  | $ | (348 | ) |  | $ | (349 | )
Total other income, net | $ | 8,467 |  |  | $ | — |  |  | $ | 348 |  |  | $ | 8,119 |
Income before income taxes | $ | 335,720 |  |  | $ | 9,809 |  |  | $ | (588 | ) |  | $ | 326,499 |
Provision for income taxes | $ | 5,739 |  |  | $ | 566 |  |  | $ | (2 | ) |  | $ | 5,175 |
Net income | $ | 329,981 |  |  | $ | 9,243 |  |  | $ | (586 | ) |  | $ | 321,324 |
Net income per share, basic | $ | 1.11 |  |  | $ | 0.03 |  |  | $ | — |  |  | $ | 1.08 |
Net income per share, diluted | $ | 1.05 |  |  | $ | 0.03 |  |  | $ | — |  |  | $ | 1.03 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration