Acquisitions Acquisitions (Tables)

The following unaudited pro forma financial information reflects the consolidated statements of income of the Company for the years ended December 31, 2014 as if the acquisition of Tenaxis had occurred as of January 1, 2013, and as if the 2013 acquisitions had occurred as of January 1, 2012.




	Year Ended December 31,
	2014			2013
	(in thousands, except per share amounts)
Net revenue	$	724,599		$	695,473
Net loss	$	(35,023	)	$	(32,743	)
Basic loss per common share	$	(0.54	)	$	(0.56	)
Diluted loss per common share	$	(0.54	)	$	(0.56	)

Total purchase price is summarized as follows:



	(in thousands)
Upfront cash consideration	$	186,699
Fair value of contingent purchase price	87,200
Total purchase price	$	273,899

Below is a summary which details the allocation of assets acquired and liabilities assumed as a result of this acquisition:




Assets Acquired:	(in thousands)
Cash and cash equivalents	$	1,563
Prepaid expenses and other current assets	624
Fixed assets, net	12,577
In-process research and development	250,000
Goodwill	102,613
Other assets	34
Total Assets	$	367,411
Liabilities Assumed:
Accrued expenses	$	1,413
Contingent purchase price	87,200
Deferred tax liabilities	92,099
Total Liabilities	$	180,712

Total cash price paid upon acquisition	$	186,699

Below is a summary which details the purchase price allocation of assets acquired as a result of this acquisition:




Assets Acquired:	(in thousands)
Product license	$	32,000
Option	62,000
Goodwill	21,000
Total Assets	$	115,000
Total cash price paid upon acquisition	$	115,000

Total purchase price is summarized as follows:



	(in thousands)
Upfront cash consideration	$	105,395
Fair value of contingent purchase price	82,550
Total purchase price	$	187,945

Below is a summary which details the allocation of assets acquired and liabilities assumed as a result of this acquisition:




Assets Acquired:	(in thousands)
Cash	$	7,880
Prepaid assets	528
Fixed assets, net	124
In-process research and development	176,000
Goodwill	52,037
Total Assets	$	236,569
Liabilities Assumed:
Accounts payable	$	1,074
Accrued expenses	3,544
Contingent purchase price	82,550
Deferred tax liabilities	44,006
Total Liabilities	$	131,174

Total cash price paid upon acquisition	$	105,395

Total purchase price is summarized as follows:



	(in thousands)
Upfront cash consideration	$	140,251
Fair value of contingent cash payment	96,700
Total purchase price	$	236,951

Below is a summary which details the allocation of assets acquired and liabilities assumed as a result of this acquisition:




Assets Acquired:	(In thousands)
Cash and cash equivalents	$	4,218
Accounts receivable, net	399
Inventory	566
Prepaid expenses and other current assets	2,465
Fixed assets, net	331
Intangible assets	530
In-process research and development	224,680
Goodwill	68,632
Total Assets	301,821
Liabilities Assumed:
Accounts payable	1,413
Accrued expenses	5,867
Deferred tax liabilities	57,590
Total Liabilities	64,870

Total purchase price	$	236,951

Total purchase price is summarized as follows:



	(In thousands)
Upfront cash consideration	$	58,871
Fair value of contingent purchase price	37,900
Total purchase price	$	96,771

Below is a summary which details the allocation of assets acquired and liabilities assumed as a result of this acquisition:



Assets Acquired:	(In thousands)

Cash and cash equivalents	$	914
Inventory	307
Developed product rights	93,900
Goodwill	25,063
Other assets	131
Total assets	$	120,315

Liabilities assumed:

Accounts payable	161
Contingent purchase price	37,900
Deferred tax liability	23,160
Other liabilities	223
Total liabilities	$	61,444

Total cash price paid upon acquisition	$	58,871