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4. Business Combinations (Pro Forma Financial Information with Narrative) (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2016
USD ($)
$ / shares
Business Combinations Pro Forma Financial Information With Narrative Details  
Revenue | $ $ 180,856
Net loss | $ $ (166,709)
Business acquisition, pro forma net loss per share, basic | $ / shares $ (31.26)
Business acquisition, pro forma net loss per share, diluted | $ / shares $ (31.26)
Business Acquisition, Pro Forma Information, Description

The Company's historical financial information was adjusted to give effect to the pro forma events that were directly attributable to the Zohydro ER acquisition and are factually supportable. The unaudited pro forma consolidated results include historical revenues and expenses of assets acquired in the acquisition with the following adjustments:

  • Adjustment to recognize incremental amortization expense based on the fair value of intangibles acquired;
  • Adjustment to recognize incremental interest expense and amortization of debt issuance costs for debt issued in connection with the acquisition;
  • Eliminate transaction costs and non-recurring charges directly related to the acquisition that were included in the historical results of operations for Pernix;
  • Adjustment to recognize pro forma income tax based on income tax benefit on the amortization of intangible assets at the statutory tax rate of Ireland (12.50%), and the income tax benefit on the interest expense at the statutory tax rate of the United States (36.95%).

For the year ended December 31, 2015, the Company has recognized revenue for Zohydro ER subsequent to the closing of April 24, 2015 in the amount of $16.5 million and pre-tax net loss of $14.6 million. Non-recurring transaction costs of $2.9 million related to the acquisition for the year ended December 31, 2015 are included in the consolidated statements of operations in selling, general and administrative expense. These non-recurring transaction costs have been excluded from the pro forma results in the above table.