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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Mar. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of available-for-sale securities | Available-for-sale securities at March 31, 2018 consisted of the following:
|  | March 31, 2018 |
|  |  |  |  | Gains in Accumulated |  | Losses in Accumulated |  |  |  |
|  |  |  |  | Other Comprehensive |  | Other Comprehensive |  | Estimated Fair |
(In thousands) |  | Amortized Cost |  | Income (Loss) |  | Income (Loss) |  | Value |
Corporate bonds |  | $ | 346,193 |  |  | 3 |  |  | (1,073) |  | $ | 345,123 |
Asset backed securities |  |  | 254,390 |  |  | — |  |  | (843) |  |  | 253,547 |
U.S. government agency securities |  |  | 194,307 |  |  | — |  |  | (283) |  |  | 194,024 |
Commercial paper |  |  | 52,015 |  |  | — |  |  | (21) |  |  | 51,994 |
Certificates of deposit |  |  | 48,864 |  |  | 1 |  |  | (79) |  |  | 48,786 |
Total available-for-sale securities |  | $ | 895,769 |  | $ | 4 |  | $ | (2,299) |  | $ | 893,474 |
Available-for-sale securities at December 31, 2017 consisted of the following:
|  | December 31, 2017 |
|  |  |  |  | Gains in Accumulated |  | Losses in Accumulated |  |  |  |
|  |  |  |  | Other Comprehensive |  | Other Comprehensive |  | Estimated Fair |
(In thousands) |  | Amortized Cost |  | Income (Loss) |  | Income (Loss) |  | Value |
Corporate bonds |  | $ | 181,639 |  | $ | 10 |  | $ | (344) |  | $ | 181,305 |
Asset backed securities |  |  | 94,700 |  |  | — |  |  | (185) |  |  | 94,515 |
U.S. government agency securities |  |  | 54,974 |  |  | — |  |  | (162) |  |  | 54,812 |
Commercial paper |  |  | 9,953 |  |  | — |  |  | (7) |  |  | 9,946 |
Certificates of deposit |  |  | 6,647 |  |  | 1 |  |  | (2) |  |  | 6,646 |
Total available-for-sale securities |  | $ | 347,913 |  | $ | 11 |  | $ | (700) |  | $ | 347,224 |
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, 2018 were as follows:
|  |  |  |  |  |  |  | Accumulated |
|  | Cumulative |  | Unrealized |  | Other |
|  | Translation |  | Gain (Loss) |  | Comprehensive |
(In thousands) |  | Adjustment |  | on Securities |  | Income (Loss) |
Balance at December 31, 2017 |  | $ | (61) |  | $ | (689) |  | $ | (750) |
Other comprehensive loss before reclassifications |  |  | 20 |  |  | (1,630) |  |  | (1,610) |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  | 24 |  |  | 24 |
Net current period change in accumulated other comprehensive loss |  |  | 20 |  |  | (1,606) |  |  | (1,586) |
Balance at March 31, 2018 |  | $ | (41) |  | $ | (2,295) |  | $ | (2,336) |
The amounts recognized in AOCI for the three months ended March 31, 2017 were as follows:
|  |  |  |  |  |  |  | Accumulated |
|  | Cumulative |  | Unrealized |  | Other |
|  | Translation |  | Gain (Loss) |  | Comprehensive |
(In thousands) |  | Adjustment |  | on Securities |  | Income (Loss) |
Balance at December 31, 2016 |  | $ | (204) |  | $ | (214) |  | $ | (418) |
Other comprehensive loss before reclassifications |  |  | (8) |  |  | (3) |  |  | (11) |
Amounts reclassified from accumulated other comprehensive loss |  |  | — |  |  | (2) |  |  | (2) |
Net current period change in accumulated other comprehensive loss |  |  | (8) |  |  | (5) |  |  | (13) |
Balance at March 31, 2017 |  | $ | (212) |  | $ | (219) |  | $ | (431) |
Schedule of amounts reclassified from accumulated other comprehensive income (loss) | Amounts reclassified from AOCI for the three months ended March 31, 2018 and 2017 were as follows:
|  | Affected Line Item in the |  | Three Months Ended March 31, |
Details about AOCI Components (In thousands) |  | Statement of Operations |  | 2018 |  | 2017 |
Change in value of available-for-sale investments |  |  |  |  |  |  |  |  |
Sales and maturities of available-for-sale investments |  | Investment income |  | $ | 24 |  | $ | (2) |
Total reclassifications |  |  |  | $ | 24 |  | $ | (2) |
Schedule of Property, plant and equipment, net |
|  | Estimated |  | March 31, |  | December 31, |
(In thousands) |  | Useful Life |  | 2018 |  | 2017 |
Property, plant and equipment |  |  |  |  |  |  |  |  |  |
Land |  |  | (1) |  | $ | 4,466 |  | $ | 4,466 |
Leasehold and building improvements |  |  | (2) |  |  | 17,452 |  |  | 17,629 |
Land improvements |  |  | 15 years |  |  | 1,419 |  |  | 1,419 |
Buildings |  |  | 30 years |  |  | 7,928 |  |  | 7,928 |
Computer equipment and computer software |  |  | 3 years |  |  | 32,716 |  |  | 30,148 |
Laboratory equipment |  |  | 3 - 5 years |  |  | 26,234 |  |  | 23,296 |
Furniture and fixtures |  |  | 3 years |  |  | 4,554 |  |  | 4,531 |
Assets under construction |  |  | (3) |  |  | 50,922 |  |  | 28,655 |
Property, plant and equipment, at cost |  |  |  |  |  | 145,691 |  |  | 118,072 |
Accumulated depreciation |  |  |  |  |  | (42,243) |  |  | (38,086) |
Property, plant and equipment, net |  |  |  |  | $ | 103,448 |  | $ | 79,986 |
| (1) |  | Not depreciated.
| (2) |  | Lesser of the remaining lease term, building life, or useful life.
| (3) |  | Not depreciated until placed into service.
Schedule of intangible assets |
|  | March 31, |  | December 31, |
(In thousands) |  | 2018 |  | 2017 |
Intangible assets: |  |  |  |  |  |  |
Finite-lived intangible assets |  | $ | 23,660 |  | $ | 23,660 |
Less: Accumulated amortization |  |  | (2,102) |  |  | (1,500) |
Net carrying value |  | $ | 21,558 |  | $ | 22,160 |
Schedule of net-book value and estimated remaining life and finite lived intangible assets |
|  |  |  | Weighted |
|  | Net Balance at |  | Average |
|  | March 31, |  | Remaining |
(In thousands) |  | 2018 |  | Life (Years) |
Licensed intellectual property and patents |  | $ | 20,675 |  |  | 10.2 |
Developed technology |  |  | 883 |  |  | 7.3 |
Total |  | $ | 21,558 |  |  |  |
Schedule of estimated future amortization expense, intangible assets | The table below represents estimated future amortization expense associated with the Company’s finite-lived intangible assets as of March 31, 2018:
(In thousands) |  |  |  |
2018 |  | $ | 1,805 |
2019 |  |  | 2,407 |
2020 |  |  | 2,407 |
2021 |  |  | 2,373 |
2022 |  |  | 2,370 |
Thereafter |  |  | 10,196 |
|  | $ | 21,558 |
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, |
(In thousands) |  | 2018 |  | 2017 |
Shares issuable upon exercise of stock options |  | 3,284 |  | 3,613 |
Shares issuable upon the release of restricted stock awards |  | 6,315 |  | 5,553 |
Shares issuable upon conversion of convertible notes |  | 9,148 |  | — |
|  | 18,747 |  | 9,166 |
Schedule of disaggregation or revenue source |
|  | Three Months Ended March 31, |
(In thousands) |  | 2018 |  | 2017 |
Medicare Parts B & C |  | $ | 52,475 |  | $ | 31,812 |
Commercial |  |  | 34,834 |  |  | 15,136 |
Other |  |  | 2,987 |  |  | 1,415 |
Total |  | $ | 90,296 |  | $ | 48,363 |
Schedule of inventory | Inventory consists of the following:
|  | March 31, |  | December 31, |
(In thousands) |  | 2018 |  | 2017 |
Raw materials |  | $ | 10,935 |  | $ | 10,344 |
Semi-finished and finished goods |  |  | 21,445 |  |  | 15,683 |
Total inventory |  | $ | 32,380 |  | $ | 26,027 |

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