XML 55 R33.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Fair Value of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Fair Value of Financial Instruments | The following tables set forth the fair value of the Company’s financial instruments (in millions):
|  | As of December 31, 2016 |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior convertible notes |  | $ | 27.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 22.9 |  |  | $ | 22.9 |
Facility Financing Obligation |  |  | 71.3 |  |  |  | — |  |  |  | — |  |  |  | 74.5 |  |  |  | 74.5 |
Milestone Rights |  |  | 8.9 |  |  |  | — |  |  |  | — |  |  |  | 18.4 |  |  |  | 18.4 |
Warrant liability (at recurring fair values) |  |  | 7.4 |  |  |  | — |  |  |  | — |  |  |  | 7.4 |  |  |  | 7.4 |
Total financial liabilities |  | $ | 115.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 123.2 |  |  | $ | 123.2 |
|  | As of December 31, 2015 |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior convertible notes |  | $ | 27.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 21.3 |  |  | $ | 21.3 |
Facility Financing Obligation |  |  | 74.6 |  |  |  | — |  |  |  | — |  |  |  | 78.4 |  |  |  | 78.4 |
Milestone Rights |  |  | 8.9 |  |  |  | — |  |  |  | — |  |  |  | 14.4 |  |  |  | 14.4 |
Sanofi Loan Facility |  |  | 44.5 |  |  |  | — |  |  |  | — |  |  |  | 36.5 |  |  |  | 36.5 |
Total financial liabilities |  | $ | 155.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 150.6 |  |  | $ | 150.6 |
Fair Values of Financial Liabilities which Include Level 3 Instruments | The following table provides a roll forward of the fair values of financial assets and liabilities that are carried at fair value (in millions):
|  | Warrants |  |  | Assets Held for Sale |
Fair value, January 1, 2015 |  | $ | — |  |  | $ | — |
Additions |  |  | — |  |  |  | — |
Changes in fair value |  |  | — |  |  |  | — |
Payments |  |  | — |  |  |  | — |
Fair value, December 31, 2015 |  | $ | — |  |  | $ | — |
Additions |  |  | 12.8 |  |  |  | 17.3 |
Changes in fair value |  |  | (5.4 | ) |  |  | (0.6 | )
Payments |  |  | — |  |  |  | — |
Fair value, December 31, 2016 |  | $ | 7.4 |  |  | $ | 16.7 |

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration