XML 47 R35.htm IDEA: XBRL DOCUMENT
v2.4.0.8

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
INCOME TAXES |
Schedule of components of income tax expense attributable to continuing operations |
|  | Year Ended December 31, |
--- | --- | --- | ---
|  | 2013 |  | 2012 |  | 2011 |
|  | (In thousands) |
Income tax benefit (provision): |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 30,962 |  | $ | 19,394 |  | $ | 16,204 |
State |  |  | 4,920 |  |  | 4,237 |  |  | 3,131 |
Foreign |  |  | — |  |  | — |  |  | 84 |
Expiration of Net Operating Losses and Research & Development Tax Credits |  |  | (126 | ) |  | (1,426 | ) |  | (411 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 35,756 |  |  | 22,205 |  |  | 19,008 |
Deferred tax valuation allowance |  |  | (35,756 | ) |  | (22,205 | ) |  | (19,008 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | $ | — |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of reconciliation between the amount of reported income tax and the amount computed using the U.S. Statutory rate |
|  | 2013 |  | 2012 |  | 2011 |
--- | --- | --- | --- | --- | --- | --- | ---
|  | (In thousands) |
Pre-tax loss |  | $ | (81,550 | ) | $ | (59,123 | ) | $ | (44,799 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss at Statutory Rates |  |  | (27,727 | ) |  | (20,102 | ) |  | (15,213 | )
Research and Development Credits |  |  | (3,261 | ) |  | — |  |  | (1,736 | )
State Taxes |  |  | (4,920 | ) |  | (4,237 | ) |  | (3,131 | )
Other |  |  | 26 |  |  | 708 |  |  | 661 |
Expiration of Net Operating Losses and Research & Development Tax Credits |  |  | 126 |  |  | 1,426 |  |  | 411 |
Change in Valuation Allowance |  |  | 35,756 |  |  | 22,205 |  |  | 19,008 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income tax (benefit) provision |  | $ | — |  | $ | — |  | $ | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of principal components of the deferred tax assets and liabilities |
|  | December 31, 2013 |  | December 31, 2012 |
--- | --- | --- | --- | --- | ---
|  | (In thousands) |
Gross Deferred Tax Assets |  |  |  |  |  |  |
Net Operating Loss Carryforwards |  | $ | 79,558 |  | $ | 67,728 |
Tax Credit Carryforwards |  |  | 25,582 |  |  | 20,692 |
Deferred Expenses |  |  | 61,370 |  |  | 43,226 |
Stock-based Compensation |  |  | 3,926 |  |  | 3,264 |
Fixed Assets |  |  | 1,638 |  |  | 2,156 |
Accrued Expenses and Other |  |  | 623 |  |  | 241 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | 172,697 |  |  | 137,307 |
Gross Deferred Tax Liabilities |  |  |  |  |  |  |
Other Acquired Intangibles |  |  | (4,115 | ) |  | (4,481 | )
IPR&D Intangibles |  |  | (4,661 | ) |  | (4,661 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  |  | (8,776 | ) |  | (9,142 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Deferred Tax Assets and Liabilities |  |  | 163,921 |  |  | 128,165 |
Deferred Tax Assets Valuation Allowance |  |  | (168,582 | ) |  | (132,826 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Deferred Tax Asset (Liability) |  | $ | (4,661 | ) | $ | (4,661 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

X
- 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=6907707&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=6907707&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=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration