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6. Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

Note 6. Intangible Assets and Goodwill

Intangible assets consist of the following (in thousands):

            As of June 30, 2015
      Weighted     Gross Carrying     Accumulated     Net Carrying
      Average Life     Amount     Amortization     Amount
Unamortized intangible assets:                        
     Trademark rights     Indefinite    $ 400    $ -     $ 400 
     In-process research and development     Indefinite     79,900      -       79,900 
Total unamortized intangible assets           80,300      -       80,300 
                         
Amortized intangible assets:                        
     Patents     11.0 years     500      (379)     121 
     Brand     8.0 years     3,887      (2,551)     1,336 
     Product licenses     11.0 years     17,581      (4,906)     12,675 
     Non-compete and supplier contracts     5.3 years     5,194      (4,792)     402 
     Acquired developed technologies     4.3 years     360,226      (73,183)     287,043 
Total amortized intangible assets           387,388      (85,811)     301,577 
                         
Total intangible assets         $ 467,688    $ (85,811)   $ 381,877 

 

            As of December 31, 2014
      Weighted     Gross Carrying     Accumulated     Net Carrying
      Average Life     Amount     Amortization     Amount
Unamortized intangible assets:                        
     Trademark rights     Indefinite    $ 400    $ -     $ 400 
     In-process research and development     Indefinite     48,300      -       48,300 
Total unamortized intangible assets           48,700      -       48,700 
                         
Amortized intangible assets:                        
     Patents     11.0 years     500      (355)     145 
     Brand     8.0 years     3,887      (2,308)     1,579 
     Product licenses     11.0 years     17,581      (4,058)     13,523 
     Non-compete and supplier contracts     5.3 years     5,194      (4,342)     852 
     Acquired developed technologies     4.4 years     269,826      (34,136)     235,690 
Total amortized intangible assets           296,988      (45,199)     251,789 
                         
Total intangible assets         $ 345,688    $ (45,199)   $ 300,489 

 

As of June 30, 2015, the weighted average life for our definite-lived intangible assets in total was approximately 4.69 years.

Estimated amortization expense related to intangible assets with definite lives for each of the five succeeding years and thereafter is as follows (in thousands):

2015 (July - December)                     $ 48,343 
2016                       95,880 
2017                       94,214 
2018                       28,585 
2019                       17,778 
Thereafter                       16,777 
Total                     $ 301,577 

 

Amortization expense was $22.2 million and $40.6 million for the three and six months ended June 30, 2015, respectively. Amortization expense was $1.9 million and $4.0 million for the three and six months ended June 30, 2014, respectively.