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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurement of Debt Instruments Based on Discounted Cash Flow Model and Sensitive to Change in Yield

The fair value measurement of debt instruments is based on a discounted cash flow model and is sensitive to the change in yield (Level 3 in the fair value hierarchy):

						Hypothetical Change in Yield												Hypothetical Change in Notes Payable
		Yield				% Change				Hypothetical Yield				FV of Notes				FV				$ Change				% Change
														(in millions)
Mann Group promissory notes:
(with conversion feature)			29.0	%			2	%			31.0	%		$	46.2			$	44.1			$	(2.1	)			-4.5	%
			29.0	%			-2	%			27.0	%		$	46.2			$	48.5			$	2.3				5.0	%
			29.0	%			4	%			33.0	%		$	46.2			$	42.2			$	(4.0	)			-8.7	%
			29.0	%			-4	%			25.0	%		$	46.2			$	51.0			$	4.8				10.4	%
Senior notes:
(with conversion feature)			29.0	%			2	%			31.0	%		$	8.0			$	7.8			$	(0.2	)			-2.5	%
			29.0	%			-2	%			27.0	%		$	8.0			$	8.2			$	0.2				2.5	%
			29.0	%			4	%			33.0	%		$	8.0			$	7.6			$	(0.4	)			-5.0	%
			29.0	%			-4	%			25.0	%		$	8.0			$	8.4			$	0.4				5.0	%
MidCap Credit Facility
			11.5	%			1	%			12.5	%		$	40.0			$	39.0			$	(1.0	)			-2.5	%
			11.5	%			-1	%			10.5	%		$	40.0			$	41.0			$	1.0				2.5	%
			11.5	%			2	%			13.5	%		$	40.0			$	38.1			$	(1.9	)			-4.8	%
			11.5	%			-2	%			9.5	%		$	40.0			$	42.1			$	2.1				5.3	%

Fair Value of Financial Instruments

The following tables set forth the fair value of the Company’s financial instruments as of December 31, 2019 and 2018 (in millions):

		December 31, 2019
						Fair Value
		Carrying Amount				Significant Unobservable Inputs (Level 3)				Total Fair Value
Financial liabilities:
MidCap Credit Facility		$	38.9			$	40.0			$	40.0
2024 convertible notes			5.0				3.7				3.7
June 2020 note			2.5				2.3				2.3
December 2020 note			2.5				2.0				2.0
Mann Group promissory notes			70.0				46.2				46.2
Milestone Rights			7.3				16.4				16.4
Total financial liabilities		$	126.2			$	110.6			$	110.6

		December 31, 2018
						Fair Value
		Carrying Value				Significant Unobservable Inputs (Level 3)				Total Fair Value
Financial liabilities:
Deerfield Credit Facility		$	11.3			$	11.4			$	11.4
Senior convertible notes			19.1				17.5				17.5
Mann Group promissory notes			72.1				55.0				55.0
Milestone Rights			8.9				18.1				18.1
Total financial liabilities		$	111.4			$	102.0			$	102.0

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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