XML 48 R35.htm IDEA: XBRL DOCUMENT
v3.21.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Income Taxes |
Schedule of components of income tax benefit (provision) |
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (In thousands)
Income tax benefit (provision): |  |  |  |  |  |  |  |  |
Federal |  | $ | 16,615 |  | $ | 13,869 |  | $ | 22,255
State |  |  | 5,802 |  |  | 2,170 |  |  | 6,406
Foreign |  |  | — |  |  | — |  |  | 913
Expiration of NOLs and R&D credit |  |  | (20,294) |  |  | (18,966) |  |  | —
|  |  | 2,123 |  |  | (2,927) |  |  | 29,574
Deferred tax valuation allowance |  |  | (956) |  |  | 2,927 |  |  | (28,809)
|  | $ | 1,167 |  | $ | — |  | $ | 765
Schedule of reconciliation between the amount of reported income tax and the amount computed using the U.S. Statutory rate |
|  | 2020 |  | 2019 |  | 2018
|  | (In thousands)
Pre-tax loss |  | $ | (60,947) |  | $ | (50,878) |  | $ | (151,949)
Loss at statutory rates |  |  | (12,799) |  |  | (10,684) |  |  | (31,909)
Research and development credits |  |  | (1,778) |  |  | (1,902) |  |  | (2,056)
State taxes |  |  | (5,802) |  |  | (2,170) |  |  | (6,406)
Other |  |  | (1,152) |  |  | (1,011) |  |  | (1,175)
Change in fair value remeasurement of contingent consideration |  |  | (886) |  |  | (272) |  |  | (6,220)
Intangible impairment |  |  | — |  |  | — |  |  | 19,105
Impact of pass-through entities |  |  | — |  |  | — |  |  | (913)
Expiration of NOLs and R&D credit |  |  | 20,294 |  |  | 18,966 |  |  | —
Change in valuation allowance |  |  | 956 |  |  | (2,927) |  |  | 28,809
Income tax (benefit) provision |  | $ | (1,167) |  | $ | — |  | $ | (765)
Schedule of principal components of the deferred tax assets and liabilities |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
|  | (In thousands)
Gross deferred tax assets |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 174,369 |  | $ | 172,745
Foreign net operating loss carryforwards |  |  | — |  |  | —
Tax credit carryforwards |  |  | 44,936 |  |  | 42,642
Deferred research and development expenses |  |  | 63,215 |  |  | 70,042
Stock-based compensation |  |  | 13,196 |  |  | 12,651
Fixed assets |  |  | 1,303 |  |  | 1,759
Accrued expenses and other |  |  | 325 |  |  | 328
|  |  | 297,344 |  |  | 300,167
Gross deferred tax liabilities |  |  |  |  |  |
IPR&D intangibles |  |  | (7,802) |  |  | (12,748)
Total deferred tax assets and liabilities |  |  | 289,542 |  |  | 287,419
Valuation allowance |  |  | (291,382) |  |  | (290,426)
Net deferred tax liability |  | $ | (1,840) |  | $ | (3,007)

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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -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