DIVESTITURE (Details)
$ / shares in Units, $ in Thousands |
|
3 Months Ended |
9 Months Ended |
|
Apr. 10, 2015
USD ($)
multiplier
shares
|
Sep. 30, 2016
USD ($)
$ / shares
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
item
$ / shares
|
Sep. 30, 2015
USD ($)
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
|
| Discount rate (as a percent) |
|
|
|
17.00%
|
|
| Decrease (Increase) in fair value of warrants |
|
$ (200)
|
$ 300
|
$ 300
|
$ (600)
|
| Estimated consideration received |
|
|
|
|
|
| Fair value of warrants |
|
|
|
|
2,123
|
| Gain on the Gainesville Transaction |
|
|
26
|
|
9,937
|
| Minimum |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
|
| Discount rate (as a percent) |
|
|
|
10.80%
|
|
| Maximum |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
|
| Discount rate (as a percent) |
|
|
|
12.20%
|
|
| Gainesville Transaction |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
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| Number of regulatory milestones | item |
|
|
|
2
|
|
| Fair value of warrants |
|
$ 1,500
|
|
$ 1,500
|
|
| Gainesville Transaction | Minimum |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
|
| Period of milestone events occurrence |
|
|
|
1 year
|
|
| Discount rate (as a percent) |
|
|
|
3.20%
|
|
| Gainesville Transaction | Maximum |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
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| Period of milestone events occurrence |
|
|
|
2 years
|
|
| Discount rate (as a percent) |
|
|
|
4.10%
|
|
| Gainesville Transaction | Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations |
|
|
|
|
|
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
|
|
|
|
|
| Warrants received | shares |
350,000
|
|
|
|
|
| Number of times closing price of common stock on prior day | multiplier |
2
|
|
|
|
|
| Maximum milestone payment receivable |
$ 120,000
|
|
|
|
|
| Disposal group income before income tax |
|
|
$ 0
|
|
$ 4,500
|
| Estimated consideration received |
|
|
|
|
|
| Cash |
54,010
|
|
|
|
|
| Fair value of warrants |
2,123
|
|
|
|
|
| Fair value of contingent consideration |
57,600
|
|
|
|
|
| Total consideration received |
113,733
|
|
|
|
|
| Less: net assets sold |
(101,373)
|
|
|
|
|
| Less: transaction costs |
(2,724)
|
|
|
|
|
| Gain on the Gainesville Transaction |
$ 9,636
|
|
|
|
|
| Recro | Gainesville Transaction |
|
|
|
|
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| Fair Value Assumptions and Methodology for Assets and Liabilities [Abstract] |
|
|
|
|
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| Closing stock price at June 30, 2016 | $ / shares |
|
$ 8.84
|
|
$ 8.84
|
|
| Warrant strike price | $ / shares |
|
$ 19.46
|
|
$ 19.46
|
|
| Expected term (years) |
|
|
|
5 years 6 months 7 days
|
|
| Risk-free rate (as a percent) |
|
|
|
1.26%
|
|
| Volatility (as a percent) |
|
|
|
77.40%
|
|