Other Assets, Net

3 Months Ended

Mar. 31, 2015

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other assets, net consists of the following:



(in thousands)	MARCH 31, 2015		DECEMBER 31, 2014
Deferred financing costs	$	1,378	$	1,479
Prepaid taxes⁽¹⁾	12,341		—
Miscellaneous	153		44
	$	13,872	$	1,523

(1)

Under ASC 810, Consolidation, the income tax expense resulting from the IP Assignment of $12.3 million for the three months ended March 31, 2015 was recorded as a prepaid asset. The prepaid asset is expected to be substantially offset by current year losses and amortized ratably over the estimated remaining patent life of the intellectual property subject to the IP Assignment, through approximately 2030. Refer to Note 9 for a description of the tax impact of the IP Assignment.