XML 55 R16.htm IDEA: XBRL DOCUMENT
v3.20.1

Summary of Significant Accounting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Summary of Significant Accounting Policies [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
| March 31, 2020 |  | December 31, 2019
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and money market funds | $ | 32,529 |  | $ | — |  | $ | — |  | $ | 32,529 |  | $ | 18,644 |  | $ | — |  | $ | — |  | $ | 18,644
Commercial paper |  | — |  |  | 36,333 |  |  | — |  |  | 36,333 |  |  | — |  |  | 10,983 |  |  | — |  |  | 10,983
Total cash and cash equivalents |  | 32,529 |  |  | 36,333 |  |  | — |  |  | 68,862 |  |  | 18,644 |  |  | 10,983 |  |  | — |  |  | 29,627
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial paper |  | — |  |  | 45,710 |  |  | — |  |  | 45,710 |  |  | — |  |  | 16,971 |  |  | — |  |  | 16,971
Corporate debt securities |  | — |  |  | 12,924 |  |  | — |  |  | 12,924 |  |  | — |  |  | 2,501 |  |  | — |  |  | 2,501
US government & agency securities |  | — |  |  | 15,095 |  |  | — |  |  | 15,095 |  |  | — |  |  | — |  |  | — |  |  | —
Total investments |  | — |  |  | 73,729 |  |  | — |  |  | 73,729 |  |  | — |  |  | 19,472 |  |  | — |  |  | 19,472
Long-term restricted cash: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | 4,000 |  |  | — |  |  | — |  |  | 4,000 |  |  | 4,000 |  |  | — |  |  | — |  |  | 4,000
Total assets measured at fair value | $ | 36,529 |  | $ | 110,062 |  | $ | — |  | $ | 146,591 |  | $ | 22,644 |  | $ | 30,455 |  | $ | — |  | $ | 53,099
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financing Derivative | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Continuation Advances |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Total liabilities measured at fair value | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | —
Computation of Basic and Diluted Net Income (Loss) per Share |
|  | Three Month Ended March 31,
|  | 2020 |  | 2019
Net income (loss) |  | $ | 1,262 |  | $ | (30,324)
Basic |  |  |  |  |  |
Weighted average shares used in computing basic net income (loss) per share |  |  | 153,453 |  |  | 151,274
Basic net income (loss) per share |  | $ | 0.01 |  | $ | (0.20)
Diluted |  |  |  |  |  |
Weighted average shares used in computing basic net income (loss) per share |  |  | 153,453 |  |  | 151,274
Add: weighted average stock options |  |  | 1,926 |  |  | —
Add: weighted average restricted stock units |  |  | 476 |  |  | —
Weighted average shares used in computing diluted net income (loss) per share |  |  | 155,855 |  |  | 151,274
Diluted net income (loss) per share |  | $ | 0.01 |  | $ | (0.20)
Anti-dilutive Shares Excluded from Computation of Diluted Net Income (Loss) per Share |
|  | Three Months Ended March 31,
(in thousands) |  | 2020 |  | 2019
Options to purchase common stock |  | 14,265 |  | 23,833
RSUs with time-based vesting |  | 2,208 |  | 1,102
RSUs with performance-based vesting |  | 138 |  | 138
ESPP shares |  | 1,346 |  | —
Schedule of Cumulative Effect on Consolidated Balance Sheet for Adoption of ASU 2016-13 |
Balance Sheets | Balance at December 31, 2019 |  | Adjustments Due to Topic 326 |  | Balance at January 1, 2020
Assets |  |  |  |  |  |  |  |
Accounts receivable | $ | 15,266 |  | $ | (32) |  | $ | 15,234
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |
Accumulated deficit |  | (1,066,240) |  |  | (32) |  |  | (1,066,272)

X
- Definition Schedule of Cumulative Effect for the Adoption of Accounting Standards Codification 606 + References No definition available. + Details
Name: | pacb_ScheduleOfCumulativeEffectForAdoptionOfAccountingStandardsCodification606TableTextBlock
Namespace Prefix: | pacb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + 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 (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration