Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule Of Components Of Income Before Income Tax

The components of income (loss) before income taxes for the years ended December 31, are as follows:



Income (Loss) Before Income Taxes:	2016			2015			2014

Ireland	$	(22,866	)	$	(29,469	)	$	—
United States	32,786			100,552			(89,739		)
France	(19,638		)	6,622			(392		)
Total income (loss) before income taxes	$	(9,718	)	$	77,705		$	(90,131	)

Schedule Of Income Tax Payments

The income tax provision (benefit) for the years ended December 31, is as follows:



Income Tax Provision (Benefit):	2016			2015			2014

Current:
United States - Federal	$	30,738		$	33,289		$	—
United States - State	1,081			970			—
France	5,267			1,657			1,400
Total current	37,086			35,916			1,400

Deferred:
United States - Federal	(6,443		)	504			(1,713		)
United States - State	(23		)	1,234			(331		)
France	938			(1,747		)	—
Total deferred	(5,528		)	(9		)	(2,044		)

Income tax provision (benefit)	$	31,558		$	35,907		$	(644	)

Schedule of Effective Income Tax Rate Reconciliation

The items accounting for the difference between the income tax provision (benefit) computed at the jurisdiction of incorporation statutory rate and the Company's effective tax rate are as follows for the years ended December 31:



Reconciliation to Effective Income Tax Rate:	2016			2015			2014

Statutory tax rate ⁽¹⁾	12.5		%	33.3		%	33.3		%
Non-deductible changes in fair value of contingent consideration	(165.0		)%	11.9		%	(24.8		)%
Change in valuation allowance	11.8		%	(9.6		)%	5.3		%
Income tax deferred charge	(9.7		)%	1.3		%	(16.9		)%
International tax rates differential	(31.9		)%	11.0		%	6.7		%
Nondeductible stock based compensation	(14.8		)%	1.3		%	(0.8		)%
Cross-border merger	(100.6		)%	—		%	—		%
Unrecognized tax benefit	(15.2		)%	0.4		%	—		%
State and local taxes (net of federal)	(9.6		)%	1.5		%	0.3		%
Other	(2.3		)%	(4.9		)%	(2.3		)%
Effective income tax rate	(324.8		)%	46.2		%	0.8		%

Income tax provision (benefit) - at statutory tax rate	$	(1,215	)	$	25,876		$	(30,013	)
Non-deductible changes in fair value of contingent consideration	16,036			9,249			22,326
Change in valuation allowance	(1,143		)	(7,425		)	(4,732		)
Income tax deferred charge	938			980			15,273
International tax rates differential	3,097			8,547			(6,023		)
Nondeductible stock based compensation	1,436			1,004			693
Cross-border merger	9,773			—			—
Unrecognized tax benefit	1,475			290			—
State and local taxes (net of federal)	934			1,170			(228		)
Other	227			(3,784		)	2,060
Income tax provision (benefit) - at effective income tax rate	$	31,558		$	35,907		$	(644	)

⁽¹⁾ The statutory rate reflects the Irish statutory tax rate of 12.5% for fiscal 2016, and the French statutory tax rate of 33.3% for fiscal 2015 and 2014.

Summary of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company's unrecognized tax benefits for the twelve months ended December 31:



Unrecognized Tax Benefit Activity	2016			2015		2014

Balance at January 1:	$	448		$	—	$	—
Additions based on tax positions related to the current year	1,578			448		—
Additions (reductions) for tax positions of prior years	(340		)	—		—
Statute of limitations expiration	—			—		—
Settlements	—			—		—
Balance at December 31:	$	1,686		$	448	$	—

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets/liabilities at December 31, 2016 and 2015 resulted from the following temporary differences:



Net Deferred Tax Assets and Liabilities:	2016			2015

Deferred tax assets:
Net operating loss carryforwards	$	11,566		$	44,587
Stock based compensation	5,012			1,767
Fair value royalty agreements	3,386			2,435
Fair value contingent consideration	2,152			1,348
Other	583			1,037
Total deferred tax assets	22,699			51,174
Valuation allowances	(7,599		)	(45,516		)
Net deferred tax assets	15,100			5,658

Deferred tax liabilities:
Amortization	(4,349		)	(5,649		)
Accounts receivable	(3,319		)	—
Total deferred tax liabilities	(7,668		)	(5,649		)

Net deferred tax assets	$	7,432		$	9