Other Assets, Net

6 Months Ended

Jun. 30, 2015

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

Other assets, net consists of the following:



(in thousands)	JUNE 30, 2015		DECEMBER 31, 2014
Deferred financing costs	$	1,331	$	1,479
Prepaid taxes⁽¹⁾	8,982		—
Other	274		44
	$	10,587	$	1,523

(1)

Under ASC 810, Consolidation, the income tax expense resulting from the IP Assignment of $9.0 million for the six months ended June 30, 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.