Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

The following pro forma information is presented as if the acquisition had occurred on January 1, 2013, and combines the historical results of operations of the Company and Cangene for the year ended December 31, 2014 and 2013.

	December 31,
(in thousands)	2014		2013
Pro forma revenue	$	462,446	$	428,194
Pro forma net income	$	34,624	$	10,994

Cangene Corporation [Member]

Business Acquisition [Line Items]

Purchase Price Allocation

The table below summarizes the allocation of the purchase price based upon estimated fair values of assets acquired and liabilities assumed at February 21, 2014.

(in thousands)

Fair value of tangible assets acquired and liabilities assumed:
Cash	$	43,631
Accounts receivable		19,652
Inventory (i)		55,259
Prepaid expenses and other assets		2,375
Property, plant and equipment		40,264
Deferred taxes, net		21,337
Income tax receivable		2,452
Accounts payable and accrued liabilities		(22,918	)
Provision for chargebacks		(1,946	)
Contingent purchase consideration		(1,284	)
Deferred revenue		(6,378	)
Total fair value of tangible assets acquired and liabilities assumed		152,444

Acquired in-process research and development		8,300
Acquired intangible assets		36,200
Goodwill		24,566
Total purchase price	$	221,510

(i) Acquired inventory reflects a $8.8 million adjustment to record inventory at fair value, referred to as a step-up adjustment. The $8.8 million step-up is estimated to be amortized through cost of product sales and contract manufacturing over the next five years based on expected inventory turnover, which will increase cost of product sales and contract manufacturing during such period.

Fair Value of Intangible Assets

The table below summarizes the preliminary estimated fair value of intangible assets acquired and the estimated amortization periods:

				Amortization
				Period
( in thousands)	Amount			in years

Corporate Trade Name		$	2,800		5.0
Marketed Products			8,100		10.0
Licensed Products			3,100		7.0
Biodefense Products			16,700		12.0
Contract Manufacturing			5,500		8.0

Total identified intangible assets		$	36,200

EV 035 [Member]

Business Acquisition [Line Items]

Purchase Price Allocation

The table below summarizes the preliminary allocation of the purchase price based upon fair values of assets acquired. As of the date of this filing, the valuation of acquired intangible assets and other fair value adjustments are not complete as the Company is obtaining and analyzing additional information related to the aforementioned items. As such, the purchase price allocation is subject to change.

(in thousands)
Acquired intangible assets	$	27,700
Goodwill		2,000
Total purchase price	$	29,700

Preliminary Purchase Price

The total preliminary purchase price is summarized below:

(in thousands)
Amount of cash paid to Evolva Holdings SA	$	1,500
Fair value of contingent consideration		28,200
Total purchase price	$	29,700

HPPD [Member]

Business Acquisition [Line Items]

Purchase Price Allocation

The table below summarizes the allocation of the purchase price based upon fair values of assets acquired and liabilities assumed at August 1, 2013.

(in thousands)
Acquired intangible assets		32,099
Goodwill		9,916
Acquired equipment		1,543
Other		11
Assumed liabilities		(1,464	)
Total purchase price	$	42,105

Preliminary Purchase Price

The total purchase price is summarized below:

(in thousands)
Amount of cash paid to Bracco Diagnostics Inc.	$	25,873
Fair value of contingent purchase consideration		16,232
Total purchase price	$	42,105