2019 Form 10-K Financial Statement

#000155837020001625 Filed on February 27, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018 Q3
Revenue $296.7M $73.43M $70.18M
YoY Change 5.81% 580.51% 487.25%
Cost Of Revenue $193.7M $29.73M $46.01M
YoY Change 16.89% 2627.16% 8264.91%
Gross Profit $103.0M $43.70M $24.17M
YoY Change -10.19% 350.53% 112.01%
Gross Profit Margin 34.73% 59.52% 34.44%
Selling, General & Admin $116.4M $30.45M $33.45M
YoY Change -8.13% 21.37% 46.96%
% of Gross Profit 113.01% 69.68% 138.39%
Research & Development $10.34M $2.249M $1.907M
YoY Change 19.39% 2.69% -7.87%
% of Gross Profit 10.03% 5.15% 7.89%
Depreciation & Amortization $731.0K $15.90M $32.50M
YoY Change -31.94% 15800.0% 16150.0%
% of Gross Profit 0.71% 36.38% 134.47%
Operating Expenses $126.8M $32.70M $35.36M
YoY Change -6.37% 19.82% 42.39%
Operating Profit -$23.75M $11.00M -$11.19M
YoY Change 14.81% -162.54% -16.71%
Interest Expense $909.0K $2.404M $5.868M
YoY Change -95.48% 1235.56% 3351.76%
% of Operating Profit 21.85%
Other Income/Expense, Net
YoY Change
Pretax Income -$22.72M $9.090M -$16.50M
YoY Change -41.93% -152.24% 24.43%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$22.72M $9.086M -$16.50M
YoY Change -41.93% -152.22% 24.45%
Net Earnings / Revenue -7.66% 12.37% -23.52%
Basic Earnings Per Share -$0.68 $0.27 -$0.50
Diluted Earnings Per Share -$0.68 $0.27 -$0.50
COMMON SHARES
Basic Shares Outstanding 33.45M 33.25M 33.01M
Diluted Shares Outstanding 33.45M 33.77M 33.01M

Balance Sheet

Concept 2019 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.0M $146.6M $139.8M
YoY Change 15.96% 23.5% 29.93%
Cash & Equivalents $170.0M $146.6M $139.8M
Short-Term Investments
Other Short-Term Assets $3.100M $1.008M $3.400M
YoY Change -39.22% -66.4% -17.07%
Inventory $9.600M $7.817M $9.200M
Prepaid Expenses $3.035M
Receivables $73.00M $77.95M $66.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $255.7M $237.5M $219.0M
YoY Change 7.66% 77.91% 84.19%
LONG-TERM ASSETS
Property, Plant & Equipment $20.90M $9.274M $6.000M
YoY Change 124.73% 415.22% 275.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $200.0K $204.0K $200.0K
YoY Change 0.0% -32.0% -33.33%
Total Long-Term Assets $50.60M $53.73M $427.5M
YoY Change -5.77% 2458.71% 11150.0%
TOTAL ASSETS
Total Short-Term Assets $255.7M $237.5M $219.0M
Total Long-Term Assets $50.60M $53.73M $427.5M
Total Assets $306.3M $291.2M $646.5M
YoY Change 5.19% 114.78% 426.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.200M $12.15M $11.70M
YoY Change -49.18% 113.16% 134.0%
Accrued Expenses $191.7M $30.55M $151.4M
YoY Change 9.36% 25.72% 684.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.800M $1.600M $800.0K
YoY Change 137.5% 6.67% -61.9%
Total Short-Term Liabilities $201.8M $189.1M $280.2M
YoY Change 6.72% 500.4% 961.36%
LONG-TERM LIABILITIES
Long-Term Debt $7.700M $9.900M $10.70M
YoY Change -22.22%
Other Long-Term Liabilities $9.400M $676.0K $284.8M
YoY Change 1242.86%
Total Long-Term Liabilities $17.10M $676.0K $295.5M
YoY Change 61.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $201.8M $189.1M $280.2M
Total Long-Term Liabilities $17.10M $676.0K $295.5M
Total Liabilities $218.9M $199.7M $575.7M
YoY Change 9.61% 533.84% 2080.68%
SHAREHOLDERS EQUITY
Retained Earnings -$337.2M
YoY Change
Common Stock $33.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $87.40M $91.59M $70.78M
YoY Change
Total Liabilities & Shareholders Equity $306.3M $291.2M $646.5M
YoY Change 5.19% 114.78% 426.89%

Cashflow Statement

Concept 2019 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$22.72M $9.086M -$16.50M
YoY Change -41.93% -152.22% 24.45%
Depreciation, Depletion And Amortization $731.0K $15.90M $32.50M
YoY Change -31.94% 15800.0% 16150.0%
Cash From Operating Activities $27.78M $42.30M $41.80M
YoY Change -83.6% -418.05% -434.4%
INVESTING ACTIVITIES
Capital Expenditures $6.438M -$1.800M -$2.700M
YoY Change 17.55% 800.0% 800.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$6.438M -$1.800M -$2.700M
YoY Change -73.56% 800.0% 800.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.041M -33.70M -33.00M
YoY Change -101.74% -236.99% -454.84%
NET CHANGE
Cash From Operating Activities 27.78M 42.30M 41.80M
Cash From Investing Activities -6.438M -1.800M -2.700M
Cash From Financing Activities 2.041M -33.70M -33.00M
Net Change In Cash 23.39M 6.800M 6.100M
YoY Change -16.0% -38.74% -274.29%
FREE CASH FLOW
Cash From Operating Activities $27.78M $42.30M $41.80M
Capital Expenditures $6.438M -$1.800M -$2.700M
Free Cash Flow $21.35M $44.10M $44.50M
YoY Change -86.98% -436.64% -464.75%

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CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4993000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
497000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2037000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
166000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1057000
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-5903000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6465000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3422000
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6056000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
18995000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-527000
CY2019 coll Increase Decrease In Accrued Rebates Returns And Discounts
IncreaseDecreaseInAccruedRebatesReturnsAndDiscounts
12766000
CY2018 coll Increase Decrease In Accrued Rebates Returns And Discounts
IncreaseDecreaseInAccruedRebatesReturnsAndDiscounts
106593000
CY2017 coll Increase Decrease In Accrued Rebates Returns And Discounts
IncreaseDecreaseInAccruedRebatesReturnsAndDiscounts
15784000
CY2019 coll Increase Decrease In Operating Lease Asset And Liabilities
IncreaseDecreaseInOperatingLeaseAssetAndLiabilities
734000
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-4944000
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-676000
CY2018 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
676000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27783000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
169390000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-67018000
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
18877000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6438000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5477000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
990000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6438000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-24354000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-990000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
817000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1117000
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
1141000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2046000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4255000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
736000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
822000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
560000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
68000
CY2018 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
30000
CY2017 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1198000
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-30000
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
34338000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10021000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2667000
CY2018 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
132000000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2041000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-117197000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33480000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
23386000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
27839000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-34528000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146633000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118794000
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153322000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170019000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
146633000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
118794000
CY2018 coll Cash Paid For Offering Costs
CashPaidForOfferingCosts
30000
CY2017 coll Cash Paid For Offering Costs
CashPaidForOfferingCosts
1228000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
709000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
582000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
139000
CY2019 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
134000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
3261000
CY2017 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
216000
CY2019 coll Operating Lease Assets Assumed
OperatingLeaseAssetsAssumed
9957000
CY2019 coll Operating Lease Liabilities Assumed
OperatingLeaseLiabilitiesAssumed
10691000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
22406000
CY2018 us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
254000
CY2018 coll Warrant Issued
WarrantIssued
8043000
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-359899000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">The preparation of consolidated financial statements in accordance with GAAP requires the Company to make estimates and assumptions that impact the reported amounts of assets, liabilities, revenues, costs and expenses and the disclosure of contingent assets and liabilities in the Company’s consolidated financial statements and accompanying notes. Estimates in the Company’s consolidated financial statements include revenue recognition, including the estimates of product returns, units prescribed, discounts and allowances related to commercial sales of products, estimates of useful lives with respect to intangible assets, accounting for stock based compensation, contingencies, impairment of intangible assets and tax valuation reserves. The Company bases estimates and assumptions on historical experience when available and on various factors that it believes to be reasonable under the circumstances. The Company evaluates its estimates and assumptions on an ongoing basis. The Company’s actual results may differ from these estimates under different assumptions or conditions.</p>
CY2018Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">Concentration of Credit Risk</b></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-weight:bold;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Financial instruments, which potentially subject the Company to significant concentration of credit risk, consist primarily of cash and cash equivalents and accounts receivable. The Company maintains its cash deposits primarily with one reputable and nationally recognized financial institution. In addition, as of December 31, 2019, the Company’s cash equivalents were invested in money market funds. The Company has not experienced any material losses in such accounts and management believes that the Company is not exposed to significant credit risk due to the financial position of the financial institutions in which those deposits are held. </p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Three customers comprised 10% or more of the Company’s accounts receivable balance as of December 31, 2019. These customers comprised 51%, 27% and 19% of the accounts receivable balance, respectively. The same three customers comprised 10% or more of the Company’s revenue during the year ended December 31, 2019. These customers comprised 34%, 31% and 30% of revenue, respectively. To date, the Company has not experienced any losses with respect to the collection of its accounts receivable and believes that its entire accounts receivable balance is collectible as of December 31, 2019. The Company has no <span style="-sec-ix-hidden:_72be355a_7b19_4e84_9eb5_b4934aed3aa5"><span style="color:#000000;font-family:'Times New Roman';font-size:10pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">financial</span></span> instruments with off-balance sheet risk of loss.</p>
CY2019Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Asset
FairValueDisclosureOffbalanceSheetRisksAmountAsset
0
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
94841000
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
92914000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
0
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
97000
CY2019Q4 us-gaap Inventory Net
InventoryNet
9643000
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0
CY2019Q1 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2018 us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2019 us-gaap Revenue Practical Expedient Incremental Cost Of Obtaining Contract
RevenuePracticalExpedientIncrementalCostOfObtainingContract
true
CY2018Q1 coll Assumed Liability Related To Product Sales
AssumedLiabilityRelatedToProductSales
22660000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
296701000
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
280413000
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
28476000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-22722000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-39128000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-74865000
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
33453844
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
32953808
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
30265262
CY2019 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.68
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.19
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-2.47
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
795000
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
496000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1427000
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
671000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7421000
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6650000
CY2019Q4 us-gaap Inventory Net
InventoryNet
9643000
CY2018Q4 us-gaap Inventory Net
InventoryNet
7817000
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1222000
CY2018Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
3035000
CY2019Q4 coll Prepaid Development Costs
PrepaidDevelopmentCosts
474000
CY2018Q4 coll Prepaid Development Costs
PrepaidDevelopmentCosts
78000
CY2019Q4 us-gaap Prepaid Insurance
PrepaidInsurance
414000
CY2018Q4 us-gaap Prepaid Insurance
PrepaidInsurance
340000
CY2019Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
854000
CY2018Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
655000
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
141000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1008000
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3105000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
5116000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11111000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2288000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14142000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1837000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11854000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9274000
CY2019 us-gaap Depreciation
Depreciation
731000
CY2018 us-gaap Depreciation
Depreciation
1074000
CY2017 us-gaap Depreciation
Depreciation
336000
CY2019 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
280000
CY2018 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
905000
CY2018 coll Upfront Cash Paid For Asset Acquisition
UpfrontCashPaidForAssetAcquisition
18877000
CY2018 coll Minimum Royalty Payment Liability
MinimumRoyaltyPaymentLiability
112719000
CY2018 coll Asset Acquisition Costs Accumulated Rebates Incentives Trade Allowances And Chargebacks Assumed
AssetAcquisitionCostsAccumulatedRebatesIncentivesTradeAllowancesAndChargebacksAssumed
22660000
CY2018 coll Asset Acquisition Costs Accumulated Warrant Issued
AssetAcquisitionCostsAccumulatedWarrantIssued
8043000
CY2018 coll Asset Acquisition Costs Accumulated Total
AssetAcquisitionCostsAccumulatedTotal
162299000
CY2018Q4 coll Royalty Payable Remainder Of Fiscal Year
RoyaltyPayableRemainderOfFiscalYear
132000000
CY2018Q4 coll Interest Expense Recognized Relating To Royalty Payments Prior To Third Amendment
InterestExpenseRecognizedRelatingToRoyaltyPaymentsPriorToThirdAmendment
19281000
CY2018Q4 coll Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
154089000
CY2018Q4 coll Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
6223000
CY2018Q4 coll Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Prepaid Expenses
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPrepaidExpenses
1987000
CY2018Q4 coll Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Net
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
162299000
CY2017Q4 coll Royalty Payment Due
RoyaltyPaymentDue
537000000
CY2017Q4 coll Royalty Payable Remainder Of Fiscal Year
RoyaltyPayableRemainderOfFiscalYear
132000000
CY2017Q4 coll Royalty Payable Year Two
RoyaltyPayableYearTwo
135000000
CY2017Q4 coll Royalty Payable Year Three
RoyaltyPayableYearThree
135000000
CY2017Q4 coll Royalty Payable Year Four
RoyaltyPayableYearFour
135000000
CY2017Q4 coll Royalty Payable Fair Value
RoyaltyPayableFairValue
482300000
CY2017Q4 coll Discounted Cash Flow Rate
DiscountedCashFlowRate
0.057
CY2017Q4 coll Interest Expense Royalty
InterestExpenseRoyalty
54700000
CY2018Q4 coll Interest Expense Recognized Relating To Royalty Payments Prior To Third Amendment
InterestExpenseRecognizedRelatingToRoyaltyPaymentsPriorToThirdAmendment
19281000
CY2018Q4 coll Amortization Expense Recognized Relating To Royalty Payments Prior To Third Amendment
AmortizationExpenseRecognizedRelatingToRoyaltyPaymentsPriorToThirdAmendment
107662000
CY2019 coll Summary Of Costs Included In Acquired Asset
SummaryOfCostsIncludedInAcquiredAsset
<p style="font-family:'Times New Roman';font-size:10pt;min-height:0.0pt;margin:14pt 0pt 0pt 0pt;"><span style="font-size:0pt;line-height:1.19;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:2.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:22.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;margin-bottom:0pt;visibility:hidden;">​</span></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Costs included in Nucynta Intangible Asset:</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:22.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td></tr><tr><td style="vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 6pt;">Upfront cash paid</p></td><td style="vertical-align:middle;width:2.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;width:22.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;">10,000</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 6pt;">Transaction costs</p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:22.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;">667</p></td></tr><tr><td style="vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 6pt;"><span style="line-height:1.19;">Minimum royalty payment obligation </span><sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">(1)</sup></p></td><td style="vertical-align:middle;width:2.58%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="vertical-align:middle;width:22.11%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;">482,300</p></td></tr><tr><td style="background-color:#cceeff;vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;margin:0.05pt 0pt 0.05pt 6pt;"><span style="line-height:1.19;">Rebates, incentives, trade allowances and chargebacks assumed </span><sup style="font-size:7.5pt;line-height:100%;top:0pt;vertical-align:top;">(2)</sup></p></td><td style="background-color:#cceeff;vertical-align:middle;width:2.58%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 0pt 0.05pt 0pt;"><span style="margin-bottom:0pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:middle;width:22.11%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;">22,660</p></td></tr><tr><td style="vertical-align:middle;width:75.29%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">Total cost:</p></td><td style="vertical-align:middle;width:2.58%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0.05pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:middle;width:22.11%;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0.05pt 3pt 0.05pt 0pt;">515,627</p></td></tr></table><p style="font-family:'Times New Roman';font-size:12pt;line-height:1.19;margin:0pt;"><span style="margin-bottom:5pt;margin-top:5pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman';font-size:12pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman';font-size:7pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">(1)</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Represents </span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">$537,000</span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;"> of minimum royalty payments owed under the Nucynta Commercialization Agreement discounted for present value adjustments of </span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">$54,700</span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">.</span></td></tr></table><p style="font-family:'Times New Roman';font-size:12pt;line-height:1.19;margin:0pt;"><span style="font-size:7pt;margin-bottom:5pt;margin-top:5pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman';font-size:12pt;line-height:1.19;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:18pt;"/><td style="font-family:'Times New Roman';font-size:7pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">(2)</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">Represents </span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">$22,660</span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;"> of liabilities assumed related to sales of Nucynta Products that occurred prior to the closing date of January 9, 2018, for which the Company is liable under the terms of the Nucynta Commercialization Agreement. This assumed liability, representing </span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">$22,406</span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;"> of assumed rebates and incentives and </span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;">$254</span><span style="color:#000000;font-family:'Times New Roman';font-size:7pt;font-style:normal;font-weight:normal;line-height:1.19;text-align:left;"> of assumed trade allowances and chargebacks, was recorded as a component of the intangible asset acquired as part of the Nucynta Commercialization Agreement.</span></td></tr></table>
CY2018Q1 coll Upfront Cash Paid For Asset Acquisition
UpfrontCashPaidForAssetAcquisition
10000000
CY2018Q1 coll Asset Acquisition Costs Accumulated Transaction Costs
AssetAcquisitionCostsAccumulatedTransactionCosts
667000
CY2018Q1 coll Minimum Royalty Payment Liability
MinimumRoyaltyPaymentLiability
482300000
CY2018Q1 coll Asset Acquisition Costs Accumulated Rebates Incentives Trade Allowances And Chargebacks Assumed
AssetAcquisitionCostsAccumulatedRebatesIncentivesTradeAllowancesAndChargebacksAssumed
22660000
CY2018Q1 coll Asset Acquisition Costs Accumulated Total
AssetAcquisitionCostsAccumulatedTotal
515627000
CY2018Q1 coll Royalty Payable Remainder Of Fiscal Year
RoyaltyPayableRemainderOfFiscalYear
537000000
CY2018Q1 coll Interest Expense Royalty
InterestExpenseRoyalty
54700000
CY2018Q1 coll Asset Acquisition Costs Accumulated Rebates Incentives Trade Allowances And Chargebacks Assumed
AssetAcquisitionCostsAccumulatedRebatesIncentivesTradeAllowancesAndChargebacksAssumed
22660000
CY2018Q1 coll Asset Acquisition Costs Accumulated Rebates And Incentives
AssetAcquisitionCostsAccumulatedRebatesAndIncentives
22406000
CY2018Q1 coll Asset Acquisition Costs Accumulated Trade Allowances And Chargebacks Assumed
AssetAcquisitionCostsAccumulatedTradeAllowancesAndChargebacksAssumed
254000
CY2018Q4 coll Royalty Payable Remainder Of Fiscal Year
RoyaltyPayableRemainderOfFiscalYear
132000000
CY2018Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1041667
CY2018Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
19.20
CY2019 coll Asset Acquisition Costs Accumulated Warrant Issued
AssetAcquisitionCostsAccumulatedWarrantIssued
8043000
CY2018Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P4Y
CY2019 coll Amortization Expense Recognized Prior To Third Amendment
AmortizationExpenseRecognizedPriorToThirdAmendment
107662000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14752000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
109834000
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P2Y
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
14752000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
14751000
CY2019Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
21893000
CY2018Q4 us-gaap Accrued Royalties Current
AccruedRoyaltiesCurrent
15138000
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4047000
CY2018Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4286000
CY2019Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1650000
CY2018Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
1806000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1154000
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1544000
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
775000
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2193000
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
473000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
274000
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
308000
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
480000
CY2018Q4 coll Accrued Inventory Current
AccruedInventoryCurrent
3745000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3180000
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1085000
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
33480000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
30551000
CY2019 coll Loss Contingency Stay Period Before Final Federal Drug Administration Approval Can Be Issued If Patent Infringement Litigation Elected
LossContingencyStayPeriodBeforeFinalFederalDrugAdministrationApprovalCanBeIssuedIfPatentInfringementLitigationElected
P30M
CY2019 coll Loss Contingency Stay Period Before Final Federal Drug Administration Approval Can Be Issued If Patent Infringement Litigation Elected
LossContingencyStayPeriodBeforeFinalFederalDrugAdministrationApprovalCanBeIssuedIfPatentInfringementLitigationElected
P30M
CY2018Q1 coll Period Stay Of Approval And Opportunity To Litigate
PeriodStayOfApprovalAndOpportunityToLitigate
P45D
CY2018Q2 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2
CY2018Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
4
CY2018Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3833000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3833000
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3834000
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
11500000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9047000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10094000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
1446000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
752000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
283000
CY2019 us-gaap Lease Cost
LeaseCost
2481000
CY2019 coll Schedule Of Lease Quantitative Details
ScheduleOfLeaseQuantitativeDetails
<p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;padding-left:0pt;padding-right:0pt;width:100%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:67%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:28.24%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="background-color:auto;vertical-align:bottom;width:67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td colspan="2" style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:30.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">As of December 31, </b></p></td></tr><tr><td style="background-color:auto;vertical-align:bottom;width:67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Lease Term and Discount Rate:</p></td><td style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td colspan="2" style="background-color:auto;vertical-align:bottom;white-space:nowrap;width:30.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">2019</b></p></td></tr><tr><td style="background-color:#cceeff;vertical-align:bottom;width:67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Weighted-average remaining lease term — operating leases (years)</p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td style="background-color:#cceeff;vertical-align:bottom;white-space:nowrap;width:28.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;"> 9.6</p></td></tr><tr><td style="vertical-align:bottom;width:67%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;">Weighted-average discount rate — operating leases</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.37%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;margin:0pt;"><span style="font-family:'Calibri';font-size:11pt;visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:28.24%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman';font-size:10pt;line-height:1.19;text-align:right;margin:0pt 3pt 0pt 0pt;">6.1%</p></td></tr></table>
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M6D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2017 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
34283000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
1133000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1252000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1290000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1328000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1366000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1404000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6858000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13498000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3404000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10094000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1032000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1305000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1261000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1299000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1337000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8423000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
14657000
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7194215
CY2018Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6540491
CY2017Q1 coll Sale Of Stock Consideration Received If Additional Shares Are Issued
SaleOfStockConsiderationReceivedIfAdditionalSharesAreIssued
60000000
CY2017 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3126998
CY2017Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
11.36
CY2018 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0
CY2019 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3585856
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.20
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11170000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1095908
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.22
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
201308
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
10.16
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
524569
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
18.00
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1506000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3970000
CY2019 coll Employee Stock Purchase Plan Purchase Price Percentage
EmployeeStockPurchasePlanPurchasePricePercentage
0.85
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1100000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
21257000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2094720
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.05
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P6Y7M6D
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