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Network
100240 - Disclosure - Income Taxes (Tables)
(http://www.acadia-pharm.com/20161231/taxonomy/role/DisclosureIncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001070494 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Summary of Domestic and Foreign Pre-tax Income (Loss)

Domestic and foreign pre-tax income (loss) is as follows (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Domestic

 

$

(18,419

)

 

$

25,854

 

 

$

(92,447

)

Foreign

 

 

(251,633

)

 

 

(189,967

)

 

 

(28

)

 

 

$

(270,052

)

 

$

(164,113

)

 

$

(92,475

)

 

  
Components of Deferred Tax Assets

The components of the deferred tax assets are as follows (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

NOL carryforwards

 

$

168,753

 

 

$

161,277

 

R&D credit carryforwards

 

 

21,016

 

 

 

17,624

 

Capitalized R&D

 

 

3,977

 

 

 

4,901

 

Stock-based compensation

 

 

27,576

 

 

 

15,260

 

Other

 

 

6,102

 

 

 

2,126

 

 

 

 

227,424

 

 

 

201,188

 

Valuation allowance

 

 

(227,424

)

 

 

(201,188

)

 

 

$

—

 

 

$

—

 

 

  
Reconciliation of Income Taxes to Amount Computed by Applying Statutory Federal Income Tax Rate to Net Loss

A reconciliation of income taxes to the amount computed by applying the statutory federal income tax rate to the net loss is summarized as follows (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Amounts computed at statutory federal rate

 

$

(91,818

)

 

$

(55,799

)

 

$

(31,441

)

Stock-based compensation and other permanent differences

 

 

3,065

 

 

 

1,752

 

 

 

1,417

 

R&D credits

 

 

(3,390

)

 

 

(3,782

)

 

 

(2,420

)

Change in valuation allowance

 

 

27,583

 

 

 

4,580

 

 

 

37,106

 

State taxes

 

 

272

 

 

 

742

 

 

 

(5,092

)

Contingencies

 

 

361

 

 

 

2,247

 

 

 

—

 

Foreign rate differential

 

 

64,065

 

 

 

48,456

 

 

 

4

 

Other

 

 

1,203

 

 

 

2,134

 

 

 

426

 

Income tax expense

 

$

1,341

 

 

$

330

 

 

$

—

 

 

  
Unrecognized Tax Benefits

The following table provides a reconciliation of changes in unrecognized tax benefits (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Balance at beginning of period

 

$

2,301

 

 

$

—

 

 

$

—

 

Additions related to current period tax positions

 

 

363

 

 

 

2,301

 

 

 

—

 

Balance at end of period

 

$

2,664

 

 

$

2,301

 

 

$

—