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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2016
INCOME TAXES  
Schedule of significant components of the entity's deferred tax assets

 

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

(In thousands)

 

Net operating loss carryforwards

 

$

280,400

 

$

276,100

 

Research credits

 

 

29,800

 

 

25,000

 

Capitalized research and development

 

 

300

 

 

1,400

 

License fees

 

 

200

 

 

300

 

Other—net

 

 

11,500

 

 

9,800

 

​  

​  

​  

​  

Total deferred tax assets

 

 

322,200

 

 

312,600

 

Valuation allowance for deferred tax assets

 

 

(322,200

)

 

(312,600

)

​  

​  

​  

​  

Net deferred tax assets

 

$

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of reconciliation of the beginning and ending amounts of unrecognized tax benefits

 

        A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in thousands):

                                                                                                                                                                                    

Balance as of December 31, 2015

 

$

20,100

 

Decrease related to prior year tax positions

 

 

(7,500

)

Increase related to current year tax positions

 

 

2,100

 

​  

​  

Balance as of December 31, 2016

 

$

14,700

 

​  

​  

​  

​