INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

GOODWILL AND INTANGIBLE ASSETS

Schedule of Intangible Assets and Goodwill

The components of net definite-lived intangible assets are as follows:

(in thousands)	December 31, 2015				December 31, 2014				Weighted Average
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Amortization Period
Acquired ANDA intangible assets	$	42,076	$	(4,287)	$	12,577	$	(1,312)	10 years
Product rights		22,522		(3,277)		22,522		(1,133)	10 years
Testosterone gel NDA		10,900		(2,477)		10,900		(1,487)	11 years
Marketing and distribution rights		1,000		(60)		-		-	7 Years
	$	76,498	$	(10,101)	$	45,999	$	(3,932)

Finite-lived Intangible Assets Amortization Expense

Expected future amortization expense (Note 14) is as follows for the years ending December 31:

(in thousands)
2016	$	7,578
2017		7,578
2018		7,578
2019		7,578
2020		7,578
2021 and thereafter		28,507
Total	$	66,397