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Business Combination (Tables) | 3 Months Ended
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Mar. 31, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisitions by Acquisition, Consideration Transferred | The aggregate acquisition consideration was $174.0 million, consisting of (in thousands):
Cash consideration | $ | 96,359 |
Total share consideration: |
Actual number of shares issued | 793 |
Multiplied by: Ligand closing share price on January 8, 2016 | $ | 97.92 |
Total share consideration | 77,658 |
Total consideration | $ | 174,017 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | he acquisition consideration was preliminarily allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):
Cash and cash equivalents | $ | 3,504 |
Accounts receivable | 5 |
Income tax receivable | 140 |
Prepaid expenses and other current assets | 2 |
Deferred tax liabilities, net | (56,114 | )
Intangible asset with finite life - core technology | 167,000 |
Liabilities assumed | (1,279 | )
Goodwill | 60,759 |
Total consideration | $ | 174,017 |
Schedule of Pro Forma Information | The following table presents supplemental pro forma information for the three months ended March 31, 2016 and March 31, 2015, as if the acquisition of OMT had occurred on January 1, 2015 (in thousands except for EPS):
| March 31, | March 31,
| 2016 | 2015
Revenue | $ | 32,124 |  | $ | 17,152 |
Net income | $ | 8,877 |  | $ | (474 | )
Basic earnings per share: | $ | 0.43 |  | $ | (0.02 | )
Diluted earnings per share: | $ | 0.40 |  | $ | (0.02 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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