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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2016
GOODWILL AND INTANGIBLE ASSETS  
Schedule of Intangible Assets and Goodwill
The components of net definite-lived intangible assets are as follows:
 
(in thousands)
 
March 31, 2016
 
December 31, 2015
 
Weighted Average
 
 
 
Gross Carrying
 
Accumulated
 
Gross Carrying
 
Accumulated
 
Amortization
 
 
 
Amount
 
Amortization
 
Amount
 
Amortization
 
Period
 
Acquired ANDA intangible assets
 
$
42,076
 
$
(5,238)
 
$
42,076
 
$
(4,287)
 
10.0 years
 
NDAs and product rights
 
 
108,761
 
 
(8,545)
 
 
33,422
 
 
(5,754)
 
10.1 years
 
Marketing and distribution rights
 
 
11,042
 
 
(710)
 
 
1,000
 
 
(60)
 
4.7 years
 
 
 
$
161,879
 
$
(14,493)
 
$
76,498
 
$
(10,101)
 
 
 
Finite-lived Intangible Assets Amortization Expense
Expected future amortization expense is as follows:
 
(in thousands)
 
 
 
 
2016 (remainder of the year)
 
$
13,178
 
2017
 
 
17,394
 
2018
 
 
17,039
 
2019
 
 
17,039
 
2020
 
 
16,557
 
2021 and thereafter
 
 
66,179
 
Total
 
$
147,386