XML 41 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
The following information details the carrying amounts and accumulated amortization of the Company’s intangible assets subject to amortization:

 
 
 
As of December 31, 2013
 
As of December 31, 2012
 
Weighted
Average
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
(In thousands)
Amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships(1)
8 years
 
$
7,457

 
$
(5,631
)
 
$
1,826

 
$
7,457

 
$
(4,106
)
 
$
3,351

Selling rights agreements(1)
5.7 years
 
9,125

 
(5,870
)
 
3,255

 
9,125

 
(3,469
)
 
5,656

Trademarks(1)
8 years
 
3,024

 
(2,284
)
 
740

 
3,024

 
(1,665
)
 
1,359

Product licenses(2)
5.7 years
 
71,530

 
(25,067
)
 
46,463

 
39,000

 
(1,129
)
 
37,871

Cleviprex milestones(3)
13 years
 
2,000

 
(191
)
 
1,809

 
2,000

 
(161
)
 
1,839

Total
6.1 years
 
$
93,136

 
$
(39,043
)
 
$
54,093

 
$
60,606

 
$
(10,530
)
 
$
50,076

_______________________________________
(1)
The Company amortizes intangible assets related to Angiox through the end of its patent life.
(2)
The Company amortizes intangible assets related to the product licenses over their expected useful lives.
(3)
The Company amortizes intangible assets related to the Cleviprex approval over the remaining life of the patent.
Schedule of Indefinite-lived Intangible Assets
The following information details the carrying amounts of the Company’s intangible assets not subject to amortization:
 
As of December 31, 2013
 
As of December 31, 2012
 
Gross
Carrying
Amount
 
Adjustments
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Adjustments
 
Net
Carrying
Amount
 
(In thousands)
Intangible assets not subject to amortization:
 

 
 

 
 

 
 

 
 

 
 

In-process research and development
$
720,180

 
$

 
$
720,180

 
69,500

 
$

 
$
69,500

Recothrom option
62,000

 

 
62,000

 

 

 

Total
$
782,180


$

 
$
782,180

 
$
69,500

 
$

 
$
69,500

Schedule of Goodwill
The changes in in the carrying amount of goodwill for the years ended December 31, 2013 and December 31, 2012 are as follows:

 
December 31,
2013
 
December 31,
2012
 
(In thousands)
Balance at beginning of period
$
14,671

 
$
14,671

Goodwill resulting from the acquisition of Incline
102,613

 

Goodwill resulting from the acquisition of Recothrom
21,000

 

Goodwill resulting from the acquisition of ProFibrix
52,037

 

Goodwill resulting from the acquisition of Rempex
68,570

 

Translation adjustments 

(1,197
)
 

Balance at end of period
$
257,694

 
$
14,671