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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 22,737 $ 36,375
Accounts receivable, net 31,000 50,729
Inventory, net 7,444 7,775
Prepaid expenses and other current assets 15,069 12,617
Income tax receivable 680 1,414
Total current assets 76,930 108,910
Property and equipment, net 1,013 1,103
Goodwill 30,600 30,600
Intangible assets, net 151,086 169,571
Other 235 257
Total assets 259,864 310,441
Current liabilities:    
Accounts payable and accrued expenses 20,391 21,343
Accrued allowances 55,810 60,961
Interest payable 6,329 10,897
Treximet Secured Notes - current 0 11,103
Other liabilities - current 4,912 5,224
Total current liabilities 87,442 109,528
Convertible notes - long-term 105,217 104,071
Derivative liability 584 230
Contingent consideration 2,749 2,403
Treximet Secured Notes - long-term 172,677 172,250
Credit facilities - long-term 14,000 14,000
Arbitration award 17,410 17,522
Other liabilities - long-term 2,559 4,500
Total liabilities 402,638 424,504
Commitments and contingencies (notes 1, 3, 6, 7, 10 and 11)
STOCKHOLDERS' 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 shares authorized, 10,015,641 shares issued and outstanding at March 31, 2017 and December 31, 2016 100 100
Additional paid-in capital 245,054 244,309
Accumulated other comprehensive loss (73) (79)
Accumulated deficit (387,855) (358,393)
Total stockholders' equity (142,774) (114,063)
Total liabilities and stockholders' equity $ 259,864 $ 310,441