XML 27 R16.htm IDEA: XBRL DOCUMENT v3.20.2

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Significant Accounting Policies [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

	June 30, 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	$	33,294		$	—		$	—		$	33,294		$	18,644		$	—		$	—		$	18,644
Commercial paper		—			10,048			—			10,048			—			10,983			—			10,983
Total cash and cash equivalents		33,294			10,048			—			43,342			18,644			10,983			—			29,627
Investments:
Commercial paper		—			51,929			—			51,929			—			16,971			—			16,971
Corporate debt securities		—			14,662			—			14,662			—			2,501			—			2,501
US government & agency securities		—			10,030			—			10,030			—			—			—			—
Total investments		—			76,621			—			76,621			—			19,472			—			19,472
Long-term restricted cash:
Cash		3,500			—			—			3,500			4,000			—			—			4,000
Total assets measured at fair value	$	36,794		$	86,669		$	—		$	123,463		$	22,644		$	30,455		$	—		$	53,099
Liabilities
Financing Derivative	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Continuation Advances		—			—			—			—			—			—			—			—
Total liabilities measured at fair value	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

Anti-dilutive Shares Excluded from Computation of Diluted Net Income (Loss) per Share

		Six Months Ended June 30,
(in thousands)		2020		2019
Options to purchase common stock		20,485		23,414
RSUs with time-based vesting		5,109		1,121
RSUs with performance-based vesting		138		138

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 Updates [Table Text Block]

+ References

No definition available.

+ Details

Name:	pacb_ScheduleOfCumulativeEffectForAdoptionOfAccountingStandardsUpdatesTableTextBlock
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