Summary Information By Operating Segment |
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For the Year Ended December 31,
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2016
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2015
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2014
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Revenue:
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China
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$
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152,563
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$
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151,573
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$
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130,311
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Rest of the World (including the U.S. and Hong Kong)
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7,533
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5,684
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4,479
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Total net revenues
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$
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160,096
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$
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157,257
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$
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134,790
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Income (loss) from operations:
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China
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$
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57,202
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$
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52,892
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(2)
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$
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35,630
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(4)
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Rest of the World (including the U.S. and Hong Kong)
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(23,967)
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(1)
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(22,981)
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(3)
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(9,646)
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Total income from operations
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$
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33,235
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$
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29,911
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$
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25,984
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Non-operating income (expense):
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China
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$
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885
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$
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349
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$
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412
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Rest of the World (including the U.S. and Hong Kong)
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13
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10
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(19)
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Total non-operating income
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$
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898
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$
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359
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$
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393
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Income (loss) before provision for income tax:
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China
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$
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58,087
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$
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53,241
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$
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36,042
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Rest of the World (including the U.S. and Hong Kong)
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(23,954)
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(22,971)
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(9,665)
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Total income before provision for income tax
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$
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34,133
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$
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30,270
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$
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26,377
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(1)
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Operating loss for the Rest of the World segment for the year ended December 31, 2016 includes upfront and milestone payments totaling $4.5 million related to the Company’s licensing arrangements. |
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(2)
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Operating income for the China segment for the year ended December 31, 2015 includes upfront and milestone payments totaling $5.5 million related to the Company’s licensing arrangements. |
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(3)
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Operating loss for the Rest of the World segment for the year ended December 31, 2015 includes a milestone payment totaling $2.0 million related to the Company’s licensing arrangements. Operating loss for the Rest of the World segment also includes $10.8 million of expense that the Company recorded for the year ended December 31, 2015 associated with the SEC settlement related to the Company’s investigations with the SEC and DOJ. Refer to Note 15 for further information regarding the SEC and DOJ investigations. |
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(4)
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Operating income for the China segment for the year ended December 31, 2014 includes upfront payments totaling $11.0 million related to the Company’s licensing arrangements. |
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Long-Lived Assets By Operating Segment |
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December 31,
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Long-lived assets:
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2016
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2015
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China
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$
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44,603
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$
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46,315
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Rest of the World (including the U.S. and Hong Kong)
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1,562
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1,783
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Total long-lived assets
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$
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46,165
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$
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48,098
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