XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Discontinued Operations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Discontinued Operations |
Schedule of contract royalty asset | The following schedule is a rollforward of the OMIDRIA contract royalty asset (in thousands): ​
​ | ​ | ​ | ​
OMIDRIA contract royalty asset at December 31, 2021 | ​ | $ | 184,570
Royalties earned | ​ | ​ | (65,439)
Interest on OMIDRIA contract royalty asset | ​ | ​ | 18,634
Remeasurement adjustments | ​ | ​ | 14,457
OMIDRIA contract royalty asset at December 31, 2022 | ​ | $ | 152,222
​
Schedule of net income from discontinued operation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (In thousands)
Product sales, net | ​ | $ | — | ​ | $ | 110,735 | ​ | $ | 73,813
Costs and expenses | ​ | ​ | — | ​ | ​ | 30,631 | ​ | ​ | 27,496
Gross margin | ​ | ​ | — | ​ | ​ | 80,104 | ​ | ​ | 46,317
Gain on sale of OMIDRIA | ​ | ​ | — | ​ | ​ | 305,648 | ​ | ​ | —
Milestone income | ​ | ​ | 200,000 | ​ | ​ | — | ​ | ​ | —
Interest on OMIDRIA contract royalty asset | ​ | ​ | 18,634 | ​ | ​ | — | ​ | ​ | —
Remeasurement adjustments | ​ | ​ | 14,457 | ​ | ​ | — | ​ | ​ | —
Other income | ​ |  | 307 | ​ | ​ | 1,035 | ​ | ​ | —
Income before income tax | ​ | ​ | 233,398 | ​ | ​ | 386,787 | ​ | ​ | 46,317
Income tax expense (1) | ​ | ​ | (3,952) | ​ | ​ | (1,006) | ​ | ​ | (11,245)
Net income from discontinued operations, net of tax | ​ | $ | 229,446 | ​ | $ | 385,781 | ​ | $ | 35,072
​
| (1) | For further discussion of income tax expense refer to “Note 14 – Income Taxes”.
Schedule of gain on sale of Omidria | The year ended December 31, 2021 included a gain on the sale of OMIDRIA comprised as follows (in thousands): ​
​ | ​ | ​ | ​
Cash proceeds | ​ | $ | 125,993
OMIDRIA contract royalty asset | ​ | ​ | 184,570
Gain on sale of OMIDRIA, gross | ​ | ​ | 310,563
Transaction and closing costs | ​ | ​ | (1,972)
RSUs granted to transferred employees | ​ | ​ | (1,419)
Prepaid assets and inventory at cost | ​ | ​ | (1,524)
Gain on sale of OMIDRIA | ​ | $ | 305,648
​
Schedule of cash flow from discontinued operation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (In thousands)
Net cash provided by discontinued operations from operating activities | ​ | $ | 44,929 | ​ | $ | 56,344 | ​ | $ | 25,888
Net cash provided by discontinued operations from investing activities | ​ | $ | — | ​ | $ | 125,993 | ​ | $ | —
​

X
- Definition The tabular disclosure of information related to a disposal group of contract royalty asset. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References No definition available. + Details
Name: | omer_DisposalGroupsIncludingDiscontinuedOperationsContractRoyaltyAssetTableTextBlock
Namespace Prefix: | omer_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information relating to cash flows. + References No definition available. + Details
Name: | omer_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsCashFlowsTableTextBlock
Namespace Prefix: | omer_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain from sale of product right. + References No definition available. + Details
Name: | omer_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsGainFromSaleOfProductRightsTableTextBlock
Namespace Prefix: | omer_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration