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Other Intangible Assets
12 Months Ended
Dec. 31, 2018
Text Block [Abstract]  
Other Intangible Assets
6.

Other intangible assets:

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

 

December 31, 2018

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

Product rights

   $ 6,050      $ (5,442    $ 608        1.08  

BELBUCA license and distribution rights

     45,000        (9,000      36,000        7.65  

Licenses

     1,900        (1,805      95        0.50  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 52,950      $ (16,247    $ 36,703        9.23  
  

 

 

    

 

 

    

 

 

    

 

 

 

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  
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company incurred amortization expense on other intangible assets of approximately $5.2 million, $5.4 million and $1.0 million for the years ended December 31, 2018, 2017 and 2016, 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,       

2019

   $ 5,157  

2020

     4,546  

2021

     4,500  

2022

     4,500  

2023

     4,500  

Thereafter

     13,500  
  

 

 

 
   $ 36,703