2017 Q2 Form 10-Q Financial Statement
#000156459017016588 Filed on August 08, 2017
Income Statement
Concept | 2017 Q2 | 2016 Q4 | 2016 Q2 |
---|---|---|---|
Revenue | $463.0K | $488.0K | $307.0K |
YoY Change | 50.81% | -49.17% | 51.23% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $4.060M | $4.780M | $5.110M |
YoY Change | -20.55% | -10.99% | 3.02% |
% of Gross Profit | |||
Research & Development | $8.490M | $7.900M | $7.960M |
YoY Change | 6.66% | -4.13% | 55.29% |
% of Gross Profit | |||
Depreciation & Amortization | $540.0K | $480.0K | $340.0K |
YoY Change | 58.82% | 60.0% | 126.67% |
% of Gross Profit | |||
Operating Expenses | $12.56M | $23.88M | $62.19M |
YoY Change | -79.81% | 57.71% | 516.65% |
Operating Profit | -$12.09M | -$61.88M | |
YoY Change | -80.46% | 526.21% | |
Interest Expense | $0.00 | ||
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $663.0K | $220.0K | $222.0K |
YoY Change | 198.65% | 144.44% | 91.38% |
Pretax Income | -$11.43M | -$23.17M | -$61.66M |
YoY Change | -81.46% | 64.44% | 531.12% |
Income Tax | -$780.0K | ||
% Of Pretax Income | |||
Net Earnings | -$11.43M | -$22.39M | -$61.66M |
YoY Change | -81.46% | 58.89% | 531.37% |
Net Earnings / Revenue | -2468.68% | -4588.93% | -20084.69% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$265.8K | -$535.1K | -$1.760M |
COMMON SHARES | |||
Basic Shares Outstanding | 41.72M | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q2 | 2016 Q4 | 2016 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $197.4M | $222.2M | $241.3M |
YoY Change | -18.19% | -14.24% | -13.7% |
Cash & Equivalents | $39.52M | $222.2M | $241.3M |
Short-Term Investments | $157.9M | $0.00 | |
Other Short-Term Assets | $2.200M | $2.200M | $1.200M |
YoY Change | 83.33% | 46.67% | 20.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $199.6M | $225.3M | $243.6M |
YoY Change | -18.06% | -13.69% | -13.2% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.800M | $4.169M | $4.000M |
YoY Change | -5.0% | 30.81% | 35.82% |
Goodwill | |||
YoY Change | |||
Intangibles | $5.000M | $16.65M | |
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $100.0K | $140.0K | $100.0K |
YoY Change | 0.0% | 0.0% | -27.54% |
Total Long-Term Assets | $9.000M | $9.309M | $20.70M |
YoY Change | -56.52% | 179.8% | 571.42% |
TOTAL ASSETS | |||
Total Short-Term Assets | $199.6M | $225.3M | $243.6M |
Total Long-Term Assets | $9.000M | $9.309M | $20.70M |
Total Assets | $208.6M | $234.6M | $264.3M |
YoY Change | -21.07% | -11.25% | -6.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.100M | $1.474M | $2.400M |
YoY Change | -54.17% | 143.64% | 26.58% |
Accrued Expenses | $5.200M | $6.500M | $4.100M |
YoY Change | 26.83% | 62.5% | 13.89% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $8.300M | $9.896M | $7.900M |
YoY Change | 5.06% | 50.53% | 0.46% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $6.800M | $386.0K | $6.700M |
YoY Change | 1.49% | -92.58% | 28.85% |
Total Long-Term Liabilities | $6.800M | $386.0K | $6.700M |
YoY Change | 1.49% | -92.58% | 28.85% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.300M | $9.896M | $7.900M |
Total Long-Term Liabilities | $6.800M | $386.0K | $6.700M |
Total Liabilities | $16.40M | $18.98M | $16.69M |
YoY Change | -1.74% | 61.87% | 27.52% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$197.9M | -$161.2M | |
YoY Change | 135.14% | 187.94% | |
Common Stock | $413.5M | $408.9M | |
YoY Change | 22.79% | 25.19% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $192.2M | $215.6M | $247.7M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $208.6M | $234.6M | $264.3M |
YoY Change | -21.1% | -11.25% | -6.83% |
Cashflow Statement
Concept | 2017 Q2 | 2016 Q4 | 2016 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$11.43M | -$22.39M | -$61.66M |
YoY Change | -81.46% | 58.89% | 531.37% |
Depreciation, Depletion And Amortization | $540.0K | $480.0K | $340.0K |
YoY Change | 58.82% | 60.0% | 126.67% |
Cash From Operating Activities | -$11.42M | -$8.350M | -$8.230M |
YoY Change | 38.76% | -8.54% | -11.03% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$470.0K | -$920.0K | -$1.010M |
YoY Change | -53.47% | 384.21% | -6.48% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$20.20M | $0.00 | $3.450M |
YoY Change | -685.51% | -100.0% | -61.24% |
Cash From Investing Activities | -$20.67M | -$920.0K | $2.440M |
YoY Change | -947.13% | -103.06% | -68.84% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 150.0K | 210.0K | 90.00K |
YoY Change | 66.67% | -175.0% | -18.18% |
NET CHANGE | |||
Cash From Operating Activities | -11.42M | -8.350M | -8.230M |
Cash From Investing Activities | -20.67M | -920.0K | 2.440M |
Cash From Financing Activities | 150.0K | 210.0K | 90.00K |
Net Change In Cash | -31.94M | -9.060M | -5.700M |
YoY Change | 460.35% | -143.87% | 335.11% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$11.42M | -$8.350M | -$8.230M |
Capital Expenditures | -$470.0K | -$920.0K | -$1.010M |
Free Cash Flow | -$10.95M | -$7.430M | -$7.220M |
YoY Change | 51.66% | -16.89% | -11.63% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
172788000 | ||
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
3449000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
342000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-231000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-182647000 | ||
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
221348000 | |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
64845000 | ||
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Fixed Assets In Accounts Payable Accrued Expenses And Other Current Liabilities
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|
124000 | ||
advm |
Fixed Assets In Accounts Payable Accrued Expenses And Other Current Liabilities
FixedAssetsInAccountsPayableAccruedExpensesAndOtherCurrentLiabilities
|
153000 | ||
CY2017Q2 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
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463000 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
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CY2017Q2 | us-gaap |
Preferred Stock Shares Outstanding
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CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
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|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
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CY2016Q2 | us-gaap |
Goodwill Impairment Loss
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us-gaap |
Net Income Loss
NetIncomeLoss
|
-27529000 | ||
us-gaap |
Goodwill Impairment Loss
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49120000 | ||
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12093000 | |
CY2016Q2 | us-gaap |
License And Services Revenue
LicenseAndServicesRevenue
|
307000 | |
us-gaap |
License And Services Revenue
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|
925000 | ||
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Operating Income Loss
OperatingIncomeLoss
|
-61882000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1152000 | ||
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
222000 | |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
663000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
338000 | ||
us-gaap |
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10000 | ||
us-gaap |
License And Services Revenue
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Operating Expenses
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Operating Expenses
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28681000 | ||
CY2017Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | |
CY2017Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
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|
0.0001 | |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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0.0001 | |
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0.0001 | |
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300000000 | |
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234583000 | |
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Common Stock Shares Issued
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41805009 | |
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Preferred Stock Par Or Stated Value Per Share
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0.0001 | |
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CommonStockSharesOutstanding
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CY2017Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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CY2017Q2 | us-gaap |
Liabilities And Stockholders Equity
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us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
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Operating Expenses
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General And Administrative Expense
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Research And Development Expense
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us-gaap |
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CY2017Q2 | us-gaap |
Common Stock Shares Issued
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Net Income Loss
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us-gaap |
Nonoperating Income Expense
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|
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Marketable Securities Unrealized Gain Loss
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Amortization Of Premium And Accrued Interest On Marketable Securities
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us-gaap |
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Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
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us-gaap |
Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
|
-988000 | ||
us-gaap |
Increase Decrease In Deferred Revenue
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|
1575000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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-20377000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
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|
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us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
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|
40061000 | ||
CY2017Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
37289000 | |
CY2017Q2 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
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dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2006-07-17 | ||
dei |
Entity Information Date To Change Former Legal Or Registered Name
EntityInformationDateToChangeFormerLegalOrRegisteredName
|
2016-05-11 | ||
CY2017Q2 | advm |
Cash And Cash Equivalent Amortized Cost
CashAndCashEquivalentAmortizedCost
|
37289000 | |
CY2017Q2 | advm |
Cash And Cash Equivalent Gross Unrealized Gain
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|
0 | |
CY2017Q2 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax
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|
1000 | |
CY2017Q2 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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138000 | |
CY2017Q2 | us-gaap |
Marketable Securities Current
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|
157895000 | |
CY2017Q2 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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160946000 | |
CY2017Q2 | advm |
Available For Sale Securities Debt Maturities After Year One Through Three Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesAfterYearOneThroughThreeAmortizedCostBasis
|
34375000 | |
CY2017Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
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|
195321000 | |
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Available For Sale Securities Debt Maturities Within One Year Fair Value
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160870000 | |
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Available For Sale Securities Debt Maturities After Year One Through Three Fair Value
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34314000 | |
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100000 | |
CY2017Q2 | advm |
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0 | |
CY2017Q2 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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|
0 | |
us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
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Assets Fair Value Disclosure
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|
195184000 | |
CY2017Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
7442000 | |
CY2016Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6763000 | |
CY2017Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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|
3644000 | |
CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2594000 | |
CY2017Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
600000 | |
CY2016Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
300000 | |
CY2017Q2 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
1363000 | |
CY2016Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
2570000 | |
CY2017Q2 | advm |
Accrued Preclinical Costs
AccruedPreclinicalCosts
|
676000 | |
CY2016Q4 | advm |
Accrued Preclinical Costs
AccruedPreclinicalCosts
|
1683000 | |
CY2017Q2 | advm |
Accrued Clinical And Development Process Costs
AccruedClinicalAndDevelopmentProcessCosts
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424000 | |
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Accrued Clinical And Development Process Costs
AccruedClinicalAndDevelopmentProcessCosts
|
1142000 | |
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Accrued Professional Fees Current
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|
501000 | |
CY2016Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
894000 | |
CY2017Q2 | advm |
Accrued Contract Settlement
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|
2000000 | |
CY2017Q2 | us-gaap |
Other Accrued Liabilities Current
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|
262000 | |
CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
162000 | |
us-gaap |
Lessor Leasing Arrangements Operating Leases Renewal Term
LessorLeasingArrangementsOperatingLeasesRenewalTerm
|
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Lease Expiration Date1
LeaseExpirationDate1
|
2020-05-08 | ||
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Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1000000 | ||
us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1000000 | ||
CY2017Q2 | us-gaap |
Accrued Royalties Current
AccruedRoyaltiesCurrent
|
0 | |
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Loss Contingency Damages Paid Value
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1 | |
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Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
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13000000 | |
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|
2.50 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.96 | ||
us-gaap |
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1.62 | ||
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3200000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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|
6300000 | ||
CY2017Q2 | advm |
Allocated Share Based Compensation Expense And Recoveries
AllocatedShareBasedCompensationExpenseAndRecoveries
|
2243000 | |
CY2016Q2 | advm |
Allocated Share Based Compensation Expense And Recoveries
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|
2826000 | |
advm |
Allocated Share Based Compensation Expense And Recoveries
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|
4139000 | ||
advm |
Allocated Share Based Compensation Expense And Recoveries
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|
6910000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
2500000 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfEmployeesAffected
|
2 | ||
CY2017Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
12500000 | |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y7M6D | ||
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | ||
us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10300000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
9900000 |