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Balance Sheet Components (Tables)
12 Months Ended
Dec. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents consisted of the following (in thousands):

 

 

December 31,

 

 

 

2016

 

 

2015

 

Cash

 

$

79,239

 

 

$

75,685

 

Money market funds

 

 

94,543

 

 

 

77,639

 

Total cash and cash equivalents

 

$

173,782

 

 

$

153,324

 

 

Schedule of Property and Equipment

Property and equipment consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Laboratory equipment

 

$

18,533

 

 

$

18,233

 

Computer equipment

 

 

5,678

 

 

 

5,701

 

Furniture and fixtures

 

 

5,533

 

 

 

5,361

 

Leasehold improvements

 

 

93,564

 

 

 

93,380

 

Building shell (Refer to Note 8)

 

 

53,879

 

 

 

53,879

 

Construction in progress

 

 

109

 

 

 

193

 

Total property and equipment

 

$

177,296

 

 

$

176,747

 

Less: accumulated depreciation

 

 

(53,639

)

 

 

(47,727

)

Property and equipment, net

 

$

123,657

 

 

$

129,020

 

 

Summary of Amortized Cost, Gross Unrealized Holding Gains or Losses, and Fair Value of Available-for-Sale Investments

All investments are classified as available-for-sale. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s available-for-sale investments by major investments type are summarized in the tables below (in thousands):

 

 

December 31, 2016

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

126,550

 

 

$

182

 

 

$

(49

)

 

$

126,683

 

Certificate of deposits

 

 

1,037

 

 

 

 

 

 

 

 

 

1,037

 

Bond and mutual funds

 

 

22,305

 

 

 

157

 

 

 

 

 

 

22,462

 

Equity investments

 

 

125

 

 

 

100

 

 

 

 

 

 

225

 

Total investments

 

$

150,017

 

 

$

439

 

 

$

(49

)

 

$

150,407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

Amortized Cost

 

 

Gross Unrealized

Holding Gains

 

 

Gross Unrealized

Holding Losses

 

 

Fair Value

 

Corporate bonds

 

$

126,522

 

 

$

54

 

 

$

(473

)

 

$

126,103

 

Certificate of deposits

 

 

8,217

 

 

 

 

 

 

(2

)

 

 

8,215

 

Bond and mutual funds

 

 

25,052

 

 

 

 

 

 

 

 

 

25,052

 

Equity investments

 

 

126

 

 

 

71

 

 

 

 

 

 

197

 

Total investments

 

$

159,917

 

 

$

125

 

 

$

(475

)

 

$

159,567

 

 

Summary of Contractual Maturities Available-for-Sale Investments at Fair Value

The contractual maturities of available-for-sale investments were as follows (in thousands):

 

 

December 31, 2016

 

Within one year

 

$

67,075

 

After one year through four years

 

 

60,645

 

Total debt investments

 

 

127,720

 

Bond and mutual funds

 

 

22,462

 

Equity investments

 

 

225

 

Total investments

 

 

150,407

 

 

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

December 31,

 

 

 

2016

 

 

2015

 

Preclinical and clinical trial accruals

 

$

29,550

 

 

$

27,973

 

Payroll and related accruals

 

 

14,232

 

 

 

13,535

 

Professional services

 

 

1,252

 

 

 

1,662

 

Other

 

 

5,880

 

 

 

4,762

 

Total accrued liabilities

 

$

50,914

 

 

$

47,932