XML 40 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value of Financial Instruments

Financial Liabilities — The following tables set forth the fair value of the Company’s financial instruments (in millions):

		As of June 30, 2017
		Carrying Value				Level 1				Level 2				Level 3				Total
Financial liabilities:
Senior convertible notes		$	27.6			$	—			$	—			$	24.2			$	24.2
Facility financing obligation			57.5				—				—				60.0				60.0
Milestone rights			8.9				—				—				18.2				18.2
Warrant liability (at recurring fair value)			0.6				—				—				0.6				0.6
Total financial liabilities		$	94.6			$	—			$	—			$	103.0			$	103.0
		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 value)			7.4				—				—				7.4				7.4
Total financial liabilities		$	115.2			$	—			$	—			$	123.2			$	123.2

Fair Values of Warrant Liability which Include Level 3 Instruments

 The following table provides a roll forward of the fair value of the warrant liability which is the only Level 3 financial instrument that is carried at fair value (in millions):

Balance at beginning of period December 31, 2016		$	7.4
Additions			—
Changes in fair value			(6.8	)
Payments			—
Fair value, end of period June 30, 2017		$	0.6

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