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Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014
 
As of December 31, 2013
 
Weighted
Average Remaining
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization and other charges
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
(In thousands)
Amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships(1)

 
$
7,457

 
$
(7,457
)
 
$

 
$
7,457

 
$
(5,631
)
 
$
1,826

Selling rights agreements(1)
0.1

 
9,125

 
(8,961
)
 
164

 
9,125

 
(5,870
)
 
3,255

Trademarks(1)

 
3,024

 
(3,024
)
 

 
3,024

 
(2,284
)
 
740

Product licenses(2)
0.5

 
71,000

 
(65,602
)
 
5,398

 
71,530

 
(25,067
)
 
46,463

Developed product rights (3)
11.9

 
180,930

 
(6,513
)
 
174,417

 
2,000

 
(191
)
 
1,809

Total
12.5

 
$
271,536

 
$
(91,557
)
 
$
179,979

 
$
93,136

 
$
(39,043
)
 
$
54,093

_______________________________________
(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 developed product rights over the remaining life of the patents.
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, 2014
 
As of December 31, 2013
 
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
$
650,680

 
$

 
$
650,680

 
720,180

 
$

 
$
720,180

Recothrom option
62,000

 

 
62,000

 
62,000

 

 
62,000

Total
$
712,680


$

 
$
712,680

 
$
782,180

 
$

 
$
782,180

Schedule of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2014 and December 31, 2013 are as follows:
 
December 31,
2014
 
December 31,
2013
 
(In thousands)
Balance at beginning of period
$
257,694

 
$
14,671

Goodwill resulting from the acquisition of Tenaxis
25,063

 

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

 
68,632

Translation adjustments 

3,775

 
(1,259
)
Balance at end of period
$
286,532

 
$
257,694