XML 29 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of available-for-sale securities

Available-for-sale securities at September 30, 2016 consisted of the following:

		September 30, 2016
					Gains in Accumulated			Losses in Accumulated
					Other Comprehensive			Other Comprehensive			Estimated Fair
(In thousands)		Amortized Cost			Income			Income			Value
Corporate bonds		$	143,221		$	27		$	(88)		$	143,160
Asset backed securities			56,542			18			(10)			56,550
U.S. government agency securities			49,596			18			(4)			49,610
Commercial paper			24,007			7			(1)			24,013
Certificates of deposit			1,053			—			(1)			1,052
Total available-for-sale securities		$	274,419		$	70		$	(104)		$	274,385

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 nine months ended September 30, 2016 were as follows:

								Accumulated
		Cumulative			Unrealized			Other
		Translation			Gain (Loss)			Comprehensive
(In thousands)		Adjustment			on Securities			Income (Loss)
Balance at December 31, 2015		$	11		$	(444)		$	(433)
Other comprehensive (loss) income before reclassifications			(164)			346			182
Amounts reclassified from accumulated other comprehensive loss			—			64			64
Net current period change in accumulated other comprehensive (loss) income			(164)			410			246
Balance at September 30, 2016		$	(153)		$	(34)		$	(187)

The amounts recognized in AOCI for the nine months ended September 30, 2015 were as follows:

								Accumulated
		Cumulative			Unrealized			Other
		Translation			Gain (Loss)			Comprehensive
(In thousands)		Adjustment			on Securities			Income (Loss)
Balance at December 31, 2014		$	—		$	(115)		$	(115)
Other comprehensive (loss) income before reclassifications			59			224			283
Amounts reclassified from accumulated other comprehensive loss			—			(13)			(13)
Net current period change in accumulated other comprehensive (loss) income			59			211			270
Balance at September 30, 2015		$	59		$	96		$	155

Schedule of amounts reclassified from accumulated other comprehensive income (loss)

Amounts reclassified from AOCI for the nine months ended September 30, 2016 and 2015 were as follows:

		Affected Line Item in the		Nine Months Ended September 30,
Details about AOCI  Components (In thousands)		Statement of Operations		2016			2015
Change in value of available-for-sale investments
Sales and maturities of available-for-sale investments		Investment income		$	64		$	(13)
Total reclassifications				$	64		$	(13)

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

		September 30,
(In thousands)		2016		2015
Shares issuable upon exercise of stock options		5,080		5,091
Shares issuable upon the release of restricted stock awards		5,989		2,383
		11,069		7,474

Schedule of components of revenue

		Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)		2016			2015			2016			2015
Revenue recognized on an accrual basis		$	24,510		$	11,854		$	57,592		$	23,369
Revenue recognized when cash is received			3,605			778			6,543			1,648
Total		$	28,115		$	12,632		$	64,135		$	25,017

Schedule of inventory

Inventory consists of the following:

		September 30,			December 31,
(In thousands)		2016			2015
Raw materials		$	2,242		$	1,772
Semi-finished and finished goods			5,424			4,905
Total inventory		$	7,666		$	6,677

X

- Definition

Tabular disclosure of the components of revenue, as recognized upon accrual or cash receipt.

+ References

No definition available.

+ Details

Name:	exas_ScheduleOfComponentsOfRevenueTableTextBlock
Namespace Prefix:	exas_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 13
-Subparagraph b
-Article 5

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

No definition available.

+ Details

Name:	us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 2
-Paragraph 6
-Subparagraph a,b,c
-Article 5

+ Details

Name:	us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration