XML 39 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
 
The following data contain certain corrections of errors identified in previously reported amounts. See Note 2, Summary of Significant Accounting Policies. The table below sets forth certain unaudited statements of comprehensive loss data, and net loss per common share data, for each quarter of 2018 and 2017:
 
(in thousands, except per share data)
 
Quarter Ended
 
March 31
 
June 30
 
September 30
 
December 31
 
 
 
(Unaudited)
 
 
2018
 

 
 

 
 

 
 

Revenues
$
25,374

 
$
13,798

 
$
6,966

 
$
17,071

Loss from operations
$
(37,713
)
 
$
(30,272
)
 
$
(22,927
)
 
$
(12,367
)
Net loss
$
(41,822
)
 
$
(34,549
)
 
$
(27,396
)
 
$
(16,781
)
Net loss per common share, basic and diluted
$
(0.40
)
 
$
(0.33
)
 
$
(0.26
)
 
$
(0.16
)
Shares used in computing net loss per common share, basic and diluted
105,668

 
105,848

 
105,881

 
105,920

2017
 
 
 
 
 
 
 
Revenues
$
17,962

 
$
12,087

 
$
27,674

 
$
33,966

Loss from operations
$
(39,512
)
 
$
(33,491
)
 
$
(28,605
)
 
$
(29,016
)
Net loss
$
(31,918
)
 
$
(34,657
)
 
$
(29,809
)
 
$
(26,609
)
Net loss per common share, basic and diluted
$
(0.31
)
 
$
(0.33
)
 
$
(0.28
)
 
$
(0.25
)
Shares used in computing net loss per common share, basic and diluted
104,461

 
105,300

 
105,582

 
105,588



For all periods presented, the weighted average number of shares outstanding are the same for both basic and diluted net loss per common share. For these periods, shares associated with convertible debt, stock options and restricted stock units are not included in the weighted average number of shares of common stock outstanding because they are antidilutive.

The impact of the error corrections are presented on a “Previously reported,” “Adjustments,” and “As adjusted” basis in the following quarterly financial data for 2017 and 2018 (in thousands, except per share data):
 
 
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
 
Previously reported
 
Adjustments
 
As adjusted
 
Previously reported
 
Adjustments
 
As adjusted
Revenues
$
25,207

 
167

 
$
25,374

 
$
18,293

 
(331
)
 
$
17,962

Loss from operations
$
(37,966
)
 
253

 
$
(37,713
)
 
$
(42,485
)
 
2,973

 
$
(39,512
)
Net loss
$
(42,075
)
 
253

 
$
(41,822
)
 
$
(34,891
)
 
2,973

 
$
(31,918
)
Net loss per common share, basic and diluted
$
(0.40
)
 

 
$
(0.40
)
 
$
(0.33
)
 
0.02

 
$
(0.31
)
Shares used in computing net loss per common share, basic and diluted
105,668

 

 
105,668

 
104,461

 

 
104,461

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Three Months Ended June 30, 2017
 
Previously reported
 
Adjustments
 
As adjusted
 
Previously reported
 
Adjustments
 
As adjusted
Revenues:
$
13,753

 
45

 
$
13,798

 
$
12,053

 
34

 
$
12,087

Loss from operations
$
(30,429
)
 
157

 
$
(30,272
)
 
$
(33,893
)
 
402

 
$
(33,491
)
Net loss
$
(34,706
)
 
157

 
$
(34,549
)
 
$
(35,059
)
 
402

 
$
(34,657
)
Net loss per common share, basic and diluted
$
(0.33
)
 

 
$
(0.33
)
 
$
(0.33
)
 

 
$
(0.33
)
Shares used in computing net loss per common share, basic and diluted
105,848

 

 
105,848

 
105,300

 

 
105,300

 
 
 
 
 

 
 
 
 
 

 
Three Months Ended September 30, 2018
 
Three Months Ended September 30, 2017
 
Previously reported
 
Adjustment
 
As adjusted
 
Previously reported
 
Adjustment
 
As adjusted
Revenues:
$
6,856

 
110

 
$
6,966

 
$
26,942

 
732

 
$
27,674

Loss from operations
$
(23,043
)
 
116

 
$
(22,927
)
 
$
(29,518
)
 
913

 
$
(28,605
)
Net loss
$
(27,512
)
 
116

 
$
(27,396
)
 
$
(30,722
)
 
913

 
$
(29,809
)
Net loss per common share, basic and diluted
$
(0.26
)
 

 
$
(0.26
)
 
$
(0.29
)
 
0.01

 
$
(0.28
)
Shares used in computing net loss per common share, basic and diluted
105,881

 

 
105,881

 
105,582

 

 
105,582

 

 

 

 

 

 

 
 
 
 
 

 
Three Months Ended December 31, 2017
 
 
 
 
 

 
Previously reported
 
Adjustment
 
As adjusted
Revenues:
 
 
 
 
 
 
$
33,047

 
919

 
$
33,966

Loss from operations
 
 
 
 
 
 
$
(30,785
)
 
1,769

 
$
(29,016
)
Net loss
 
 
 
 
 
 
$
(28,378
)
 
1,769

 
$
(26,609
)
Net loss per common share, basic and diluted
 
 
 
 
 
 
$
(0.27
)
 
0.02

 
$
(0.25
)
Shares used in computing net loss per common share, basic and diluted
 
 
 
 
 
 
105,588

 

 
105,588