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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)

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Schedule of Cumulative Effect for the Adoption of Accounting Standards Codification 606

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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.

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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.

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