INTANGIBLE ASSETS AND GOODWILL (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

The following tables show the gross carrying values and accumulated amortization, where applicable, of the Company’s intangible assets by type for the Company’s consolidated balance sheets presented (in thousands):

March 31, 2016	Gross Carrying Value		Accumulated Amortization			Intangible Assets, Net
Amortized intangible assets:
Marketed product rights	$	544,976	$	(91,618	)	$	453,358
Royalties	2,200		(246		)	1,954
	547,176		(91,864		)	455,312
Non-amortized intangible assets:
Acquired IPR&D product rights	62,840		—			62,840
Acquired future royalty rights	78,600		—			78,600
	141,440		—			141,440
Total intangible assets	$	688,616	$	(91,864	)	$	596,752

December 31, 2015	Gross Carrying Value		Accumulated Amortization			Intangible Assets, Net
Amortized intangible assets:
Marketed product rights	$	458,675	$	(82,906	)	$	375,769
Royalties	2,200		(189		)	2,011
	460,875		(83,095		)	377,780
Non-amortized intangible assets:
Acquired IPR&D product rights	145,640		—			145,640
Acquired future royalty rights	78,600		—			78,600
	224,240		—			224,240
Total intangible assets	$	685,115	$	(83,095	)	$	602,020