XML 53 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule of income (loss) before income taxes

        For financial reporting purposes, income (loss) before income taxes includes the following components (in thousands):

		Years Ended December 31,
		2017			2016			2015
United States		$	(440,696	)	$	(174,913	)	$	(123,697	)
Foreign			(8,425	)		(28,868	)		(8,421	)
​	​	​	​	​	​	​	​	​	​	​
Total		$	(449,121	)	$	(203,781	)	$	(132,118	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of income tax expense (benefit)

        Following were the components of income tax expense (benefit) for the years ending December 31, 2017 and December 31, 2016:

		2017			2016			2015
Current:
State		$	9		$	7		$	—
Foreign			2,276			—			—
Deferred
Federal			(150,015	)		(1,101	)		—
State			(17,389	)		(2,645	)		—
​	​	​	​	​	​	​	​	​	​	​
Total		$	(165,119	)	$	(3,739	)	$	—
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of reconciliation of the statutory tax rates and the effective tax rates

		Years Ended December 31,
		2017			2016			2015
Statutory rate			(34	)%		(34	)%		(34	)%
State taxes, net of federal benefit			(5	)		(5	)		(5	)
Permanent adjustments			(1	)		3			2
Contingent consideration			(18	)		—			—
R&D credit			(2	)		(3	)		(3	)
Foreign income tax rate differential			5			2			1
Impact of 2017 Act			27			—			—
Other			5			(1	)		2
Valuation allowance			(14	)		36			37
​	​	​	​	​	​	​	​	​	​	​
Net			(37	)%		(2	)%		(0	)%
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of significant components of the deferred tax assets and liabilities

The significant components of the deferred tax assets and liabilities are as follows (in thousands):

		For Years Ended December 31,
		2017			2016
Deferred tax assets
Intellectual property		$	44,573		$	95,956
Amortization/depreciation			3,082			1,781
Research tax credit			43,382			32,851
Net operating loss carry forwards			221,912			223,758
Deferred revenue			6,158			14,281
Non-cash stock issue			10,751			11,649
Others			7,328			3,358
​	​	​	​	​	​	​	​
Gross deferred tax assets			337,186			383,634
Deferred tax liabilities
Business acquisition			(6,465	)		(173,771	)
Royalty payable			(44,573	)		(96,829	)
Convertible notes			(18,991	)		(29,845	)
Advanced R&D payments			(3,069	)		—
​	​	​	​	​	​	​	​
Total net deferred tax asset			264,088			83,189
Less valuation allowance			(270,553	)		(256,960	)
​	​	​	​	​	​	​	​
Net deferred tax liability		$	(6,465	)	$	(173,771	)
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

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

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

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

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

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

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

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