2016 Q4 Form 10-K Financial Statement

#000115903617000014 Filed on February 28, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q2 2016 Q1
Revenue $39.00M $33.34M $42.50M
YoY Change 0.0% 0.0% 0.0%
Cost Of Revenue $8.000M $8.308M $7.762M
YoY Change -4.76% 2.01% 19.53%
Gross Profit $5.420M $5.391M $5.178M
YoY Change 0.0% 0.0% 0.0%
Gross Profit Margin 13.9% 16.17% 12.18%
Selling, General & Admin $12.20M $11.22M $10.81M
YoY Change 15.09% 14.34% 14.97%
% of Gross Profit 225.09% 208.14% 208.69%
Research & Development $41.30M $35.53M $40.10M
YoY Change 49.1% 67.63% 140.35%
% of Gross Profit 761.99% 659.06% 774.43%
Depreciation & Amortization $600.0K $600.0K $489.0K
YoY Change 20.0% 50.0% 16.15%
% of Gross Profit 11.07% 11.13% 9.44%
Operating Expenses $61.58M $55.06M $58.67M
YoY Change 60.36% 77.56% 124.93%
Operating Profit -$56.16M -$21.72M -$16.17M
YoY Change 70.28% -613.42% 16.23%
Interest Expense -$5.200M $5.249M $3.876M
YoY Change 372.73% 304.08% 198.38%
% of Operating Profit
Other Income/Expense, Net $397.0K $229.0K
YoY Change 356.32% 124.51%
Pretax Income -$27.80M -$26.58M -$19.82M
YoY Change -746.51% -980.26% 31.23%
Income Tax -$400.0K $300.0K $0.00
% Of Pretax Income
Net Earnings -$27.39M -$26.88M -$19.82M
YoY Change 0.0% 0.0% 0.0%
Net Earnings / Revenue -70.22% -80.62% -46.63%
Basic Earnings Per Share $0.03 -$0.21 -$0.16
Diluted Earnings Per Share $0.03 $0.02 -$0.12
COMMON SHARES
Basic Shares Outstanding 127.2M shares 128.0M shares 127.6M shares
Diluted Shares Outstanding 129.2M shares 134.5M shares 125.3M shares

Balance Sheet

Concept 2016 Q4 2016 Q2 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $205.0M $230.0M $238.6M
YoY Change 89.29% 63.47% 85.68%
Cash & Equivalents $66.76M $61.23M $69.09M
Short-Term Investments $138.2M $168.8M $169.5M
Other Short-Term Assets $21.20M $20.40M $22.50M
YoY Change -1.4% 98.06% 134.38%
Inventory $14.62M $10.76M $10.35M
Prepaid Expenses $9.663M $16.74M
Receivables $15.68M $23.23M $25.54M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $256.5M $284.3M $297.0M
YoY Change 49.34% 68.81% 93.72%
LONG-TERM ASSETS
Property, Plant & Equipment $4.264M $4.682M $4.440M
YoY Change 8.14% 80.49% 62.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $700.0K $7.100M $7.600M
YoY Change -88.52% 136.67% 145.16%
Total Long-Term Assets $4.983M $11.78M $12.06M
YoY Change -50.25% 110.22% 108.09%
TOTAL ASSETS
Total Short-Term Assets $256.5M $284.3M $297.0M
Total Long-Term Assets $4.983M $11.78M $12.06M
Total Assets $261.5M $296.1M $309.1M
YoY Change 43.86% 70.14% 94.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.578M $3.650M $6.211M
YoY Change -20.47% -11.79% 88.27%
Accrued Expenses $28.82M $23.85M $21.79M
YoY Change 7.57% 60.93% 70.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $17.39M $3.288M $27.42M
YoY Change -20.44% -65.95% 635.04%
Total Short-Term Liabilities $54.59M $38.89M $64.22M
YoY Change -12.6% 10.98% 145.04%
LONG-TERM LIABILITIES
Long-Term Debt $199.2M $204.9M $168.6M
YoY Change 612.27% 410.97% 266.52%
Other Long-Term Liabilities $358.0K $600.0K $3.906M
YoY Change -91.94% -82.5% 24.91%
Total Long-Term Liabilities $199.6M $600.0K $3.906M
YoY Change 515.74% -82.5% 24.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.59M $38.89M $64.22M
Total Long-Term Liabilities $199.6M $600.0K $3.906M
Total Liabilities $254.2M $39.49M $68.13M
YoY Change 167.91% 2.64% 132.24%
SHAREHOLDERS EQUITY
Retained Earnings -$585.3M -$529.0M -$502.1M
YoY Change 21.27% 14.38% 7.86%
Common Stock $552.9M $538.7M $531.5M
YoY Change 5.16% 5.06% 5.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$32.48M $9.920M $29.47M
YoY Change
Total Liabilities & Shareholders Equity $261.5M $296.1M $309.1M
YoY Change 43.86% 70.14% 94.25%

Cashflow Statement

Concept 2016 Q4 2016 Q2 2016 Q1
OPERATING ACTIVITIES
Net Income -$27.39M -$26.88M -$19.82M
YoY Change 0.0% 0.0% 0.0%
Depreciation, Depletion And Amortization $600.0K $600.0K $489.0K
YoY Change 20.0% 50.0% 16.15%
Cash From Operating Activities -$15.80M -$12.90M -$13.00M
YoY Change 3.95% -244.94% -6.06%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$1.200M $1.099M
YoY Change -76.47% 300.0% 745.38%
Acquisitions
YoY Change
Other Investing Activities $21.50M $700.0K -$104.5M
YoY Change -262.88% -93.64% 914.56%
Cash From Investing Activities $21.00M -$500.0K -$105.6M
YoY Change -242.86% -104.63% 913.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 300.0K 5.500M 144.4M
YoY Change -82.35% 48.65% 1917.61%
NET CHANGE
Cash From Operating Activities -15.80M -12.90M -13.00M
Cash From Investing Activities 21.00M -500.0K -105.6M
Cash From Financing Activities 300.0K 5.500M 144.4M
Net Change In Cash 5.500M -7.900M 25.80M
YoY Change -119.5% -133.76% -250.86%
FREE CASH FLOW
Cash From Operating Activities -$15.80M -$12.90M -$13.00M
Capital Expenditures -$400.0K -$1.200M $1.099M
Free Cash Flow -$15.40M -$11.70M -$14.10M
YoY Change 14.07% -227.17% 0.93%

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CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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8844000 USD
CY2015Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
182507000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
203370000 USD
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380000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
340000 USD
CY2015Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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380000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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340000 USD
CY2014 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1000000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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1762000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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1677000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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2410000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
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-0.12
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0.02
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-0.19
CY2016Q4 us-gaap Earnings Per Share Basic
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0.03
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-0.56
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
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-0.16
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-0.21
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-0.23
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
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-0.21
CY2015 us-gaap Earnings Per Share Basic And Diluted
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-0.25
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.81
CY2016Q1 us-gaap Earnings Per Share Diluted
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-0.12
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0.02
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-0.19
CY2016Q4 us-gaap Earnings Per Share Diluted
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0.03
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.34
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015Q4 us-gaap Employee Related Liabilities Current
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8636000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
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11539000 USD
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
7800000 USD
CY2015 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
14400000 USD
CY2016 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
2800000 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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0 USD
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2016Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-233000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-8000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-8000 USD
CY2015Q1 us-gaap Gross Profit
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5178000 USD
CY2015Q2 us-gaap Gross Profit
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5391000 USD
CY2015Q3 us-gaap Gross Profit
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4197000 USD
CY2015Q4 us-gaap Gross Profit
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5420000 USD
CY2016Q1 us-gaap Gross Profit
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3366000 USD
CY2016Q2 us-gaap Gross Profit
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4198000 USD
CY2016Q3 us-gaap Gross Profit
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4121000 USD
CY2016Q4 us-gaap Gross Profit
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5152000 USD
CY2016 us-gaap Impairment Of Investments
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0 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-30885000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
11724000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
6384000 USD
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-68375000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-32231000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-101861000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-37490000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-43955000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-108245000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1162000 USD
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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0 USD
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
0 USD
CY2016 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
1162000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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16998000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4045000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
11252000 USD
CY2014 us-gaap Income Tax Reconciliation Deductions
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0 USD
CY2015 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
11161000 USD
CY2016 us-gaap Income Tax Reconciliation Deductions
IncomeTaxReconciliationDeductions
14956000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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12747000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
14945000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
36803000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-23247000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-10959000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-34633000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
1069000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
6457000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
698000 USD
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-529000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-4990000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
3735000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-1761000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5524000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-653000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
5277000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3861000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1084000 USD
CY2014 us-gaap Income Taxes Paid
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0 USD
CY2015 us-gaap Income Taxes Paid
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0 USD
CY2016 us-gaap Income Taxes Paid
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1441000 USD
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-816000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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13866000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2014 us-gaap Increase Decrease In Accounts Receivable
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52000 USD
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23261000 USD
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-16730000 USD
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4379000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
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7045000 USD
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5581000 USD
CY2015 us-gaap Interest Expense
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5201000 USD
CY2016 us-gaap Interest Expense
InterestExpense
19977000 USD
CY2014 us-gaap Interest Expense Debt
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5600000 USD
CY2015 us-gaap Interest Expense Debt
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5200000 USD
CY2016 us-gaap Interest Expense Debt
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20000000 USD
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701000 USD
CY2014 us-gaap Increase Decrease In Inventories
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236000 USD
CY2015 us-gaap Increase Decrease In Inventories
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3083000 USD
CY2016 us-gaap Increase Decrease In Inventories
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5134000 USD
CY2014 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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265000 USD
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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15774000 USD
CY2014 us-gaap Interest Paid
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3460000 USD
CY2015 us-gaap Interest Paid
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3775000 USD
CY2016 us-gaap Interest Paid
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3886000 USD
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331000 USD
CY2016Q4 us-gaap Inventory Finished Goods
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1012000 USD
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9489000 USD
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14623000 USD
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677000 USD
CY2016Q4 us-gaap Inventory Raw Materials
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761000 USD
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8481000 USD
CY2016Q4 us-gaap Inventory Work In Process
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12850000 USD
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242000 USD
CY2015 us-gaap Investment Income Net
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422000 USD
CY2016 us-gaap Investment Income Net
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1326000 USD
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103642000 USD
CY2016Q4 us-gaap Investments Fair Value Disclosure
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199133000 USD
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181789000 USD
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261515000 USD
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62457000 USD
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54585000 USD
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28086000 USD
CY2015 us-gaap License And Services Revenue
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58000000 USD
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42315000 USD
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27971000 USD
CY2016Q4 us-gaap Long Term Debt
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199228000 USD
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21862000 USD
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17393000 USD
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216621000 USD
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37338000 USD
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4755000 USD
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24103000 USD
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105758000 USD
CY2016Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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94406000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
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199228000 USD
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114501000 USD
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13098000 USD
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150621000 USD
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5888000 USD
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-47518000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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-37083000 USD
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3019000 USD
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CY2016Q4 us-gaap Net Income Loss
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4318000 USD
CY2016 us-gaap Net Income Loss
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1 Segment
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-63036000 USD
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-27452000 USD
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-83210000 USD
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4031000 USD
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2622000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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36000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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426000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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425000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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522000 USD
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1900000 USD
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1900000 USD
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2200000 USD
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4118000 USD
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4552000 USD
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3200000 USD
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1100000 USD
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530000 USD
CY2016Q4 us-gaap Other Assets
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1530000 USD
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-58000 USD
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-58000 USD
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93000 USD
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-58000 USD
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-58000 USD
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93000 USD
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4443000 USD
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358000 USD
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92000 USD
CY2015 us-gaap Other Noncash Expense
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441000 USD
CY2016 us-gaap Other Noncash Expense
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0 USD
CY2014 us-gaap Other Noncash Income Expense
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108000 USD
CY2015 us-gaap Other Noncash Income Expense
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276000 USD
CY2016 us-gaap Other Noncash Income Expense
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370000 USD
CY2015Q4 us-gaap Other Prepaid Expense Current
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1198000 USD
CY2016Q4 us-gaap Other Prepaid Expense Current
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1661000 USD
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0 USD
CY2014 us-gaap Paid In Kind Interest
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0 USD
CY2015 us-gaap Paid In Kind Interest
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0 USD
CY2016 us-gaap Paid In Kind Interest
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13184000 USD
CY2014 us-gaap Payments To Acquire Available For Sale Securities
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88884000 USD
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71482000 USD
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155412000 USD
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
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1368000 USD
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
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2360000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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3137000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
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27108000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
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21467000 USD
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21534000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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21248000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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5574000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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219000 USD
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16155000 USD
CY2016Q4 us-gaap Prepaid Expense Current
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9663000 USD
CY2014 us-gaap Proceeds From Debt Net Of Issuance Costs
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0 USD
CY2015 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2016 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
203006000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
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107700000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
107713000 USD
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
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1865000 USD
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P3Y
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0 USD
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0 USD
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54250000 USD
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150842000 USD
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500000 USD
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500000 USD
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0.13
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39003000 USD
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46082000 USD
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53392000 USD
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0
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0
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0
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0.0204
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0.0192
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0.0100
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8.13
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9400000 USD
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13.03
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4700000 USD
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11.77
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9400000 USD
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11091196 shares
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9.03
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P5Y8M
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11.70
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5.43
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7.49
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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6.88
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13.02
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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16.26
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y7M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y5M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P7Y9M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y2M
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P7Y9M
CY2014Q1 us-gaap Stock Issued During Period Shares New Issues
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1432206 shares
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1926368 shares
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
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413248 shares
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107713000 USD
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0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
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-83000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
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6788000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
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13098000 USD
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
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1948000 USD
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42999000 USD
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0 USD
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0 USD
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0 USD
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0 USD
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4898000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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12799000 USD
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12800000 USD
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0 USD
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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4898000 USD
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0 USD
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0 USD
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0 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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4898000 USD
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7184000 USD
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CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5615000 USD
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200000 USD
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610000 USD
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611000 USD
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967000 USD
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559000 USD
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4520000 USD
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4150000 USD
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4795000 USD
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4519000 USD
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3794000 USD
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5203000 USD
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125299000 shares
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134507000 shares
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126921000 shares
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129248000 shares
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122690000 shares
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127615000 shares
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127958000 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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128154000 shares
CY2015Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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128185000 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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126704000 shares
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127964000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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125299000 shares
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126144000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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126921000 shares
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127197000 shares
CY2016 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentrations of Credit Risk, Sources of Supply and Significant Customers</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are subject to credit risk from our portfolio of cash equivalents and marketable securities. These investments were made in accordance with our investment policy which specifies the categories, allocations, and ratings of securities we may consider for investment. The primary objective of our investment activities is to preserve principal while at the same time maximizing the income we receive without significantly increasing risk. We maintain our cash and cash equivalent balances with one major commercial bank and marketable securities with another financial institution. Deposits held with the financial institutions exceed the amount of insurance provided on such deposits. We are exposed to credit risk in the event of a default by the financial institutions holding our cash, cash equivalents and marketable securities to the extent recorded on the consolidated balance sheets. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are also subject to credit risk from our accounts receivable related to our product sales and revenues under our license and collaborative agreements. We have license and collaborative agreements with pharmaceutical companies under which we receive payments for license fees, milestone payments for specific achievements designated in the collaborative agreements, reimbursements of research and development services and supply of bulk formulation of rHuPH20. In addition, we sell </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hylenex</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> recombinant in the United States to a limited number of established wholesale distributors in the pharmaceutical industry. Credit is extended based on an evaluation of the customer&#8217;s financial condition, and collateral is not required. Management monitors our exposure to accounts receivable by periodically evaluating the collectibility of the accounts receivable based on a variety of factors including the length of time the receivables are past due, the financial health of the customer and historical experience.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Halozyme Therapeutics, Inc. is a biotechnology company focused on developing and commercializing novel oncology therapies. We are seeking to translate our unique knowledge of the tumor microenvironment to create therapies that have the potential to improve cancer patient survival. Our research primarily focuses on human enzymes that alter the extracellular matrix and tumor microenvironment. The extracellular matrix is a complex matrix of proteins and carbohydrates surrounding the cell that provides structural support in tissues and orchestrates many important biological activities, including cell migration, signaling and survival. Over many years, we have developed unique technology and scientific expertise enabling us to pursue this target-rich environment for the development of therapies.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our proprietary enzymes are used to facilitate the delivery of injected drugs and fluids, potentially enhancing the efficacy and the convenience of other drugs or can be used to alter tissue structures for potential clinical benefit. We exploit our technology and expertise using a two pillar strategy that we believe enables us to manage risk and cost by: (1) developing our own proprietary products in therapeutic areas with significant unmet medical needs, with a focus on oncology, and (2) licensing our technology to biopharmaceutical companies to collaboratively develop products that combine our technology with the collaborators&#8217; proprietary compounds.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The majority of our approved product and product candidates are based on rHuPH20, our patented recombinant human hyaluronidase enzyme. rHuPH20 is the active ingredient in our first commercially approved product, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Hylenex</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> recombinant, and it works by temporarily breaking down hyaluronan (or &#8220;HA&#8221;), a naturally occurring complex carbohydrate that is a major component of the extracellular matrix in tissues throughout the body such as skin and cartilage. We believe this temporary degradation creates an opportunistic window for the improved subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other large therapeutic molecules, as well as small molecules and fluids. We refer to the application of rHuPH20 to facilitate the delivery of other drugs or fluids as our ENHANZE</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#8482;</sup></font><font style="font-family:inherit;font-size:10pt;"> Technology. We license the ENHANZE Technology to form collaborations with biopharmaceutical companies that develop or market drugs requiring or benefiting from injection via the subcutaneous route of administration.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We currently have ENHANZE collaborations with F. Hoffmann-La Roche, Ltd. and Hoffmann-La Roche, Inc. (&#8220;Roche&#8221;), Baxalta US Inc. and Baxalta GmbH (Baxalta Incorporated was acquired by Shire plc in June 2016) (&#8220;Baxalta&#8221;), Pfizer Inc. (&#8220;Pfizer&#8221;), Janssen Biotech, Inc. (&#8220;Janssen&#8221;), AbbVie, Inc. (&#8220;AbbVie&#8221;), and Eli Lilly and Company (&#8220;Lilly&#8221;). We receive royalties from two of these collaborations, including royalties from sales of one product approved in both the United States and outside the United States from the Baxalta collaboration and from sales of two products approved for marketing outside the United States from the Roche collaboration. Future potential revenues from the sales and/or royalties of our approved products, product candidates, and ENHANZE collaborations will depend on the ability of Halozyme and our collaborators to develop, manufacture, secure and maintain regulatory approvals for approved products and product candidates and commercialize product candidates.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Our proprietary development pipeline consists primarily of pre-clinical and clinical stage product candidates in oncology. Our lead oncology program is PEGPH20 (PEGylated recombinant human hyaluronidase), a molecular entity we are developing in combination with currently approved cancer therapies as a candidate for the systemic treatment of tumors that accumulate HA. We have demonstrated that when HA accumulates in a tumor, it can cause higher pressure in the tumor, reducing blood flow into the tumor and with that, reduced access of cancer therapies to the tumor. PEGPH20 has been demonstrated in animal models to work by temporarily degrading HA surrounding cancer cells resulting in reduced pressure and increased blood flow to the tumor thereby enabling increased amounts of anticancer treatments administered concomitantly gaining access to the tumor. Through our efforts and efforts of our partners and collaborators, we are currently in Phase 2 and Phase 3 clinical testing for PEGPH20 with ABRAXANE</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174; </sup></font><font style="font-family:inherit;font-size:10pt;">(nab-paclitaxel) and gemcitabine in stage IV pancreatic ductal adenocarcinoma (&#8220;PDA&#8221;) (Studies 109-202 and 109-301), in Phase 1b clinical testing for</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:10pt;">PEGPH20 with KEYTRUDA</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174; </sup></font><font style="font-family:inherit;font-size:10pt;">(pembrolizumab) in non-small cell lung cancer and gastric cancer (Study 107-101) and in Phase 1b/2 clinical testing for PEGPH20 with HALAVEN</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> (eribulin) in patients treated with up to two lines of prior therapy for HER2-negative metastatic breast cancer.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Except where specifically noted or the context otherwise requires, references to &#8220;Halozyme,&#8221; &#8220;the Company,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; and &#8220;us&#8221; in these notes to consolidated financial statements refer to Halozyme Therapeutics, Inc. and its wholly owned subsidiary, Halozyme, Inc., and Halozyme, Inc.&#8217;s wholly owned subsidiaries, Halozyme Holdings Ltd., Halozyme Royalty LLC and Halozyme Switzerland GmbH.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) requires management to make estimates and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. On an ongoing basis, we evaluate our estimates and judgments, which are based on historical and anticipated results and trends and on various other assumptions that management believes to be reasonable under the circumstances. By their nature, estimates are subject to an inherent degree of uncertainty and, as such, actual results may differ from management&#8217;s estimates.</font></div></div>

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