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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2017
INTANGIBLE ASSETS.  
Summary of the gross carrying amounts and net book values of our intangible assets

The gross carrying amounts and net book values of our intangible assets were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

 

    

Remaining

    

Gross

    

    

    

    

 

    

Gross

    

    

    

    

 

 

 

Useful Life

 

Carrying

 

Accumulated

 

Net Book

 

Carrying

 

Accumulated

 

Net Book

 

Amounts in thousands

 

(In years)

 

Amount

 

Amortization

 

Value

 

Amount

 

Amortization

 

Value

 

NUCYNTA product rights

 

 8.5

 

$

1,019,978

 

$

(219,440)

 

$

800,538

 

$

1,019,978

 

$

(172,288)

 

$

847,690

 

CAMBIA product rights

 

6.5

 

 

51,360

 

 

(18,187)

 

 

33,173

 

 

51,360

 

 

(15,619)

 

 

35,741

 

Lazanda product rights

 

5.1

 

 

10,480

 

 

(4,561)

 

 

5,919

 

 

10,480

 

 

(3,979)

 

 

6,501

 

Zipsor product rights

 

4.8

 

 

27,250

 

 

(16,201)

 

 

11,049

 

 

27,250

 

 

(15,033)

 

 

12,217

 

 

 

 

 

$

1,109,068

 

$

(258,389)

 

$

850,679

 

$

1,109,068

 

$

(206,919)

 

$

902,149

 

 

Summary of the future amortization expenses of intangible assets

Based on finite-lived intangible assets recorded as of June 30, 2017, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows (in thousands):

 

 

 

 

 

 

 

    

Estimated

 

 

 

Amortization

 

Year Ending December 31,

 

Expense

 

2017 (remainder)

 

$

51,469

 

2018

 

 

102,939

 

2019

 

 

102,939

 

2020

 

 

102,939

 

2021

 

 

102,939

 

Thereafter

 

 

387,454

 

Total

 

$

850,679