XML 43 R53.htm IDEA: XBRL DOCUMENT v2.4.1.9
Financing Arrangements (Details Textual) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Aug. 12, 2014
Aug. 31, 2014
Jul. 31, 2014
Debt Instrument [Line Items]            
Additional final payment on borrowings (percent)           6.00%lgnd_LineOfCreditFacilityAdditionalPaymentOnBorrowingsPercentage
Proceeds from issuance of debt $ 0us-gaap_ProceedsFromIssuanceOfDebt $ 0us-gaap_ProceedsFromIssuanceOfDebt $ 7,500,000us-gaap_ProceedsFromIssuanceOfDebt      
Equity component of convertible debt issuance, net of issuance costs 51,271,000us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt          
Unamortized debt issuance costs 3,388,000us-gaap_UnamortizedDebtIssuanceExpense 0us-gaap_UnamortizedDebtIssuanceExpense        
Warrants to purchase number of shares         3,264,643us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights  
Exercise price per share of convertible bond hedges         $ 75.05lgnd_ExercisePriceofConvertibleBondHedge  
Payments for Convertible Bond Hedges 48,143,000lgnd_PaymentsforConvertibleBondHedges 0lgnd_PaymentsforConvertibleBondHedges 0lgnd_PaymentsforConvertibleBondHedges      
Exercise price per share of warrants         $ 125.08us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1  
Sale of warrants 11,638,000us-gaap_AdjustmentsToAdditionalPaidInCapitalWarrantIssued          
Current portion of notes payable ($334 and $0 related to a VIE, respectively 334,000us-gaap_NotesPayableCurrent 9,109,000us-gaap_NotesPayableCurrent        
Principal payments in 2019 245,000,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive          
2019 Convertible Senior Notes            
Debt Instrument [Line Items]            
Principal amount outstanding 245,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
0us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
       
Convertible Notes Payable            
Debt Instrument [Line Items]            
Current portion of notes payable ($334 and $0 related to a VIE, respectively 334,000us-gaap_NotesPayableCurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
0us-gaap_NotesPayableCurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_ConvertibleNotesPayableMember
       
Senior Notes            
Debt Instrument [Line Items]            
Payments for Convertible Bond Hedges 48,100,000lgnd_PaymentsforConvertibleBondHedges
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Senior Notes | 2019 Convertible Senior Notes            
Debt Instrument [Line Items]            
Interest on debt instrument (percent)         0.75%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
 
Principal amount outstanding 245,000,000.0us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
      245,000,000.0us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
 
Convertible debt conversion ratio         0.0133251us-gaap_DebtInstrumentConvertibleConversionRatio1
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
 
Net proceeds from debt issuance         239,300,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
 
Debt conversion price per share $ 75.05us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
      $ 75.05us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
 
Debt conversion premium (percent)       35.00%lgnd_DebtInstrumentPremiumPercentageofConversionPrice
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
   
Proceeds from issuance of debt 245,000,000us-gaap_ProceedsFromIssuanceOfDebt
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Discount rate (percent) 5.83%us-gaap_FairValueInputsDiscountRate
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Convertible debt, noncurrent 192,500,000us-gaap_ConvertibleDebtNoncurrent
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Debt issuance cost 5,700,000us-gaap_DebtIssuanceCosts
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Equity component of convertible debt issuance, net of issuance costs 1,200,000us-gaap_AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Unamortized debt issuance costs 4,500,000us-gaap_UnamortizedDebtIssuanceExpense
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Term of debt (duration) 5 years          
Carrying value of equity component $ 51,300,000us-gaap_DebtInstrumentConvertibleCarryingAmountOfTheEquityComponent
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Senior Notes | 2019 Convertible Senior Notes | Debt Instrument, Redemption, Period One            
Debt Instrument [Line Items]            
Number of trading days 20us-gaap_DebtInstrumentConvertibleThresholdTradingDays
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= us-gaap_DebtInstrumentRedemptionPeriodOneMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Number of consecutive trading days 30 days          
Stock price trigger threshold (percent) 130.00%us-gaap_DebtInstrumentConvertibleThresholdPercentageOfStockPriceTrigger
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= us-gaap_DebtInstrumentRedemptionPeriodOneMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Senior Notes | 2019 Convertible Senior Notes | Debt Instrument, Redemption, Period Two            
Debt Instrument [Line Items]            
Number of trading days 5us-gaap_DebtInstrumentConvertibleThresholdTradingDays
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= us-gaap_DebtInstrumentRedemptionPeriodTwoMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Number of consecutive trading days 10 days          
Debt threshold trigger price (percent) 98.00%lgnd_DebtInstrumentConvertibleMaximumThresholdPercentageofDebtTradingPriceTrigger
/ us-gaap_DebtInstrumentAxis
= lgnd_A2019ConvertibleSeniorNotesMember
/ us-gaap_DebtInstrumentRedemptionPeriodAxis
= us-gaap_DebtInstrumentRedemptionPeriodTwoMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
         
Common Stock            
Debt Instrument [Line Items]            
Price per share of stock       55.59us-gaap_SharePrice
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember