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Other Intangible Assets
12 Months Ended
Dec. 31, 2017
Text Block [Abstract]  
Other Intangible Assets
5. Other intangible assets:

Other intangible assets, net, consisting of product rights and licenses are summarized as follows:

 

December 31, 2017

   Gross Carrying
Value
     Accumulated
Amortization
    Intangible Assets,
net
     Weighted average
Useful Life
 

Product rights

   $ 6,050      $ (4,881   $ 1,169        1.21  

BELBUCA® license and distribution rights

     45,000        (4,500     40,500        8.50  

Licenses

     1,900        (1,709     191        0.54  
  

 

 

    

 

 

   

 

 

    

 

 

 

Total intangible assets

   $ 52,950      $ (11,090   $ 41,860        10.25  
  

 

 

    

 

 

   

 

 

    

 

 

 

December 31, 2016

   Gross Carrying
Value
     Accumulated
Amortization
    Intangible Assets,
net
     Weighted average
Useful Life
 

Product rights

   $ 9,050      $ (7,052   $ 1,998        9.11  

Licenses

     1,900        (1,613     287        1.84  
  

 

 

    

 

 

   

 

 

    

 

 

 

Total intangible assets

   $ 10,950      $ (8,665   $ 2,285        10.95  
  

 

 

    

 

 

   

 

 

    

 

 

 

 

The Company incurred amortization expense on other intangible assets of approximately $5.4 million, $1.0 million and $1.0 million for the years ended December 31, 2017, 2016 and 2015, respectively. Estimated aggregate future amortization expenses for other intangible assets for each of the next five years and thereafter are as follows:

 

Years ending December 31,       

2018

   $ 5,157  

2019

     5,157  

2020

     4,547  

2021

     4,500  

2022

     4,500  

Thereafter

     17,999  
  

 

 

 
   $ 41,860