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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of available-for-sale securities | Available-for-sale securities at March 31, 2016 consisted of the following:
|  | March 31, 2016 |
|  |  |  |  | Gains in Accumulated |  | Losses in Accumulated |  |  |  |
|  |  |  |  | Other Comprehensive |  | Other Comprehensive |  | Estimated Fair |
(In thousands) |  | Amortized Cost |  | Income |  | Income |  | Value |
Corporate bonds |  | $ | 132,854 |  | $ | 93 |  | $ | (41) |  | $ | 132,906 |
Asset backed securities |  |  | 62,380 |  |  | 12 |  |  | (44) |  |  | 62,348 |
U.S. government agency securities |  |  | 7,057 |  |  | 8 |  |  | — |  |  | 7,065 |
Certificates of deposit |  |  | 5,500 |  |  | 2 |  |  | — |  |  | 5,502 |
Commercial paper |  |  | 2,621 |  |  | — |  |  | (1) |  |  | 2,620 |
Total available-for-sale securities |  | $ | 210,412 |  | $ | 115 |  | $ | (86) |  | $ | 210,441 |
Available-for-sale securities at December 31, 2015 consisted of the following:
|  | December 31, 2015 |
|  |  |  |  | Gains in Accumulated |  | Losses in Accumulated |  |  |  |
|  |  |  |  | Other Comprehensive |  | Other Comprehensive |  | Estimated Fair |
(In thousands) |  | Amortized Cost |  | Income |  | Income |  | Value |
Corporate bonds |  | $ | 179,471 |  | $ | 2 |  | $ | (262) |  | $ | 179,211 |
Asset backed securities |  |  | 77,661 |  |  | — |  |  | (166) |  |  | 77,495 |
U.S. government agency securities |  |  | 7,057 |  |  | — |  |  | (18) |  |  | 7,039 |
Certificates of deposit |  |  | 1,999 |  |  | — |  |  | — |  |  | 1,999 |
Total available-for-sale securities |  | $ | 266,188 |  | $ | 2 |  | $ | (446) |  | $ | 265,744 |
Schedule of amounts recognized in accumulated other comprehensive income (loss) (AOCI) | The amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2016 were as follows (in thousands):
|  |  |  |  |  |  |  | Accumulated |
|  | Cumulative |  | Unrealized |  | Other |
|  | Translation |  | Gain (Loss) |  | Comprehensive |
|  | Adjustment |  | on Securities |  | Income (Loss) |
Balance at December 31, 2015 |  | $ | 11 |  | $ | (444) |  | $ | (433) |
Other comprehensive (loss) income before reclassifications |  |  | (57) |  |  | 456 |  |  | 399 |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  | 17 |  |  | 17 |
Net current period change in accumulated other comprehensive income (loss) |  |  | (57) |  |  | 473 |  |  | 416 |
Balance at March 31, 2016 |  | $ | (46) |  | $ | 29 |  | $ | (17) |
The amounts recognized in AOCI for the three months ended March 31, 2015 were as follows (in thousands):
|  |  |  |  |  |  |  | Accumulated |
|  | Cumulative |  | Unrealized |  | Other |
|  | Translation |  | Gain (Loss) |  | Comprehensive |
|  | Adjustment |  | on Securities |  | Income (Loss) |
Balance at December 31, 2014 |  | $ | — |  | $ | (115) |  | $ | (115) |
Other comprehensive (loss) income before reclassifications |  |  | (10) |  |  | 192 |  |  | 182 |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  | 3 |  |  | 3 |
Net current period change in accumulated other comprehensive income (loss) |  |  | (10) |  |  | 195 |  |  | 185 |
Balance at March 31, 2015 |  | $ | (10) |  | $ | 80 |  | $ | 70 |
Schedule of amounts reclassified from accumulated other comprehensive income (loss) | Amounts reclassified from AOCI for the three months ended March 31, 2016 and 2015 were as follows (in thousands):
|  | Affected Line Item in the |  | Three Months Ended March 31, |
Details about AOCI Components |  | Statement of Operations |  | 2016 |  | 2015 |
Change in value of available-for-sale investments |  |  |  |  |  |  |  |  |
Sales and maturities of available-for-sale investments |  | Investment income |  | $ | 17 |  | $ | 3 |
Total reclassifications |  |  |  | $ | 17 |  | $ | 3 |
Schedule of estimated useful lives of fixed assets |
|  | Estimated |
Asset Classification |  | Useful Life |
Laboratory equipment |  | 3 - 5 years |
Computer equipment and computer software |  | 3 years |
Leasehold improvements |  | Lesser of the remaining lease term or useful life |
Furniture and fixtures |  | 3 years |
Buildings |  | 30 years |
Schedule of potentially issuable common shares not included in the computation of diluted net loss per share because they would have an anti-dilutive effect |
|  | March 31, |
|  | 2016 |  | 2015 |
Shares issuable upon exercise of stock options |  | 5,475 |  | 5,222 |
Shares issuable upon the release of restricted stock awards |  | 6,202 |  | 2,305 |
Shares issuable upon the vesting of restricted stock awards related to licensing agreement |  | — |  | 24 |
|  | 11,677 |  | 7,551 |
Schedule of inventory | Inventory consists of the following (amount in thousands):
|  | March 31, |  | March 31, |
|  | 2016 |  | 2015 |
Raw materials |  | $ | 2,066 |  | $ | 2,305 |
Semi-finished and finished goods |  |  | 6,091 |  |  | 3,118 |
Total inventory |  | $ | 8,157 |  | $ | 5,423 |

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