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5. Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill

Goodwill consists of the following (in thousands):

      Amount
Balance at December 31, 2015   $ 54,865 
     Measurement period adjustments - Zohydro ER     (499)
     Goodwill impairment     (23,766)
Balance at December 31, 2016     30,600 
     Measurement period adjustments     -  
Balance at June 30, 2017   $ 30,600 

 

 

 

 

 

Intangible assets

Intangible assets consist of the following (dollars in thousands):

            As of June 30, 2017
      Weighted     Gross Carrying           Accumulated     Net Carrying
      Average Life     Amount     Impairment     Amortization     Amount
Unamortized intangible assets:                              
     In-process research and development     Indefinite   $ 11,000    $ -     $ -     $ 11,000 
Total unamortized intangible assets           11,000      -       -       11,000 
                               
Amortized intangible assets:                              
     Product licenses     8.4 years     2,846      -       (1,415)     1,431 
     Supplier contracts     5.0 years     583      -       (136)     447 
     Acquired developed technologies     7.7 years     357,892      -       (237,836)     120,056 
Total amortized intangible assets           361,321      -       (239,387)     121,934 
                               
Total intangible assets         $ 372,321    $ -     $ (239,387)   $ 132,934 

 

            As of December 31, 2016
      Weighted     Gross Carrying           Accumulated     Net Carrying
      Average Life     Amount     Impairment     Amortization     Amount
Unamortized intangible assets:                              
     In-process research and development     Indefinite    $ 26,500    $ (15,500)   $ -     $ 11,000 
Total unamortized intangible assets           26,500      (15,500)     -       11,000 
                               
Amortized intangible assets:                              
     Brand     0.0 years     3,887      (891)     (2,996)     -  
     Product licenses     8.4 years     2,846      -       (1,232)     1,614 
     Supplier contracts     5.0 years     583      -       (78)     505 
     Acquired developed technologies     7.7 years     379,737      (15,052)     (208,233)     156,452 
Total amortized intangible assets           387,053      (15,943)     (212,539)     158,571 
                               
Total intangible assets         $ 413,553    $ (31,443)   $ (212,539)   $ 169,571 

 

 

 

 

 

Intangible Assets Estimated Amortization Expenses

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

      Amount
2017 (July - December)   $ 36,303 
2018     13,961 
2019     5,507 
2020     5,420 
2021     5,325 
Thereafter     55,418 
Total   $ 121,934