XML 24 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS (USD $) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 36,375 $ 56,135
Restricted cash 0 10,002
Accounts receivable, net 50,729 61,209
Inventory, net 7,775 10,035
Prepaid expenses and other current assets 12,617 11,574
Income tax receivable 1,414 6,735
Total current assets 108,910 155,690
Property and equipment, net 1,103 2,346
Goodwill 30,600 54,865
Intangible assets, net 169,571 285,943
Other 257 347
Total assets 310,441 499,191
Current liabilities:    
Accounts payable 7,275 14,081
Accrued personnel expense 5,357 4,336
Accrued allowances 60,961 62,678
Other accrued expenses 8,711 9,355
Interest payable 10,897 11,903
Treximet Secured Notes - current 11,103 13,335
Restricted cash payable 0 10,002
Other liabilities - current 5,224 6,753
Total current liabilities 109,528 132,443
Convertible notes - long-term 104,071 99,776
Derivative liability 230 9,165
Contingent consideration 2,403 14,055
Treximet Secured Notes - long-term 172,250 188,715
Credit facilities - long-term 14,000 15,000
Deferred income tax liability - long-term 0 202
Arbitration award 17,522 0
Other liabilities 4,500 6,738
Total liabilities 424,504 466,094
Commitments and contingencies (notes 1, 3, 10, 12, 13, 19 and 20)
Stockholders' (deficit) equity    
Preferred stock, $0.01 par value, authorized 10,000,000 shares; no shares issued and outstanding 0 0
Common stock, $.01 par value, 140,000,000 and 140,000,000 shares authorized, 10,015,641 and 6,387,455 issued and 10,015,641 and 6,111,253 outstanding at December 31, 2016 and 2015, respectively 100 61
Additional paid-in capital 244,309 227,387
Treasury stock, at cost, 0 and 2,762,022 shares held at December 31, 2016 and 2015, respectively, see Note 14 0 (5,548)
Accumulated other comprehensive loss (79) 0
Accumulated deficit (358,393) (188,803)
Total stockholders' (deficit) equity (114,063) 33,097
Total liabilities and stockholders' (deficit) equity $ 310,441 $ 499,191