XML 41 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 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 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
Other receivables	$	3,892			$	—			$	7,743			$	11,635
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)	$	14,938			$	—			$	(1,615	)		$	13,323
Accumulated deficit	$	(1,829,172	)		$	258,505			$	234			$	(1,570,433	)

____________________

(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 Consolidated Statements of Operations for year ended December 31, 2018 was as follows (in thousands):

	Year Ended December 31, 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	$	234,547			$	(35,882	)		$	—			$	270,429
Total revenues	$	853,826			$	(35,882	)		$	—			$	889,708
Selling, general and administrative expenses	$	206,366			$	—			$	1,204			$	205,162
Total operating expenses	$	414,971			$	—			$	1,204			$	413,767
Interest expense	$	—			$	—			$	(631	)		$	(631	)
Total other income (expense), net	$	13,237			$	—			$	631			$	12,606
Income before income taxes	$	452,092			$	(35,882	)		$	(573	)		$	488,547
Income tax benefit (provision)	$	237,978			$	(48,325	)		$	73			$	286,230
Net income	$	690,070			$	(84,207	)		$	(500	)		$	774,777
Net income per share, basic	$	2.32			$	(0.28	)		$	—			$	2.60
Net income per share, diluted	$	2.21			$	(0.27	)		$	—			$	2.48

Estimated Useful Lives of Property and Equipment

Property and equipment are recorded at cost and depreciated using the straight-line method over the following estimated useful lives once it is placed into service:

Asset Category		Estimated Useful Life
Lab equipment		5 years
Furniture and fixtures		7 years
Office equipment		5 years
Computer equipment and software		3 years
Leasehold improvements		7 to 15 years

X

- Definition

Estimated Useful Lives Of Property Plant And Equipment [Table Text Block]

+ References

No definition available.

+ Details

Name:	exel_EstimatedUsefulLivesOfPropertyPlantAndEquipmentTableTextBlock
Namespace Prefix:	exel_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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