GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying value of goodwill is summarized as follows (in thousands):

	Carrying Value
Balance at December 31, 2015	$	30,880
Percentage payments on collections of net sales of EXPAREL	1,904
Balance at March 31, 2016	$	32,784

Summary of intangible assets

Intangible assets, net, consist of core technology, developed technology and trademarks and trade names acquired in the Acquisition and are summarized as follows (in thousands):

	March 31, 2016							December 31, 2015
	Gross Carrying Value		Accumulated Amortization			Intangible Assets, Net		Gross Carrying Value		Accumulated Amortization			Intangible Assets, Net		Estimated Useful Life
Amortizable intangible assets:
Core technology	$	2,900	$	(2,900	)	$	—	$	2,900	$	(2,819	)	$	81	9 Years
Developed technology	11,700		(11,700		)	—		11,700		(11,700		)	—		7 Years
Trademarks and trade names	400		(400		)	—		400		(400		)	—		7 Years
Total intangible assets	$	15,000	$	(15,000	)	$	—	$	15,000	$	(14,919	)	$	81