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CONSOLIDATED AND COMBINED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2015
Jul. 31, 2015
Dec. 31, 2016
Dec. 31, 2014
Goodwill impairment     $ 62,373  
Successor        
Net sales $ 111,081   159,669  
Cost of sales (excluding amortization, shown separately below) 91,752   59,977  
Gross profit 19,329   99,692  
Research and development expenses 5,256   14,767  
Selling, general, and administrative expenses 31,317   61,892  
Amortization of intangibles 16,504   40,327  
Impairment of long lived assets 0   10,795  
Goodwill impairment 0   62,373  
Change in fair value of contingent consideration (23,692)   (53,608)  
Operating (loss) income (10,056)   (36,854)  
Other (expense) income (24)   (173)  
Loss on foreign currency exchange (387)   (3,274)  
Interest expense, net (23,202)   (58,239)  
(Loss) income before income taxes (33,669)   (98,540)  
Provision (benefit) for income taxes (19,232)   13,020  
Net (loss) income $ (14,437)   $ (111,560)  
Net (loss) income        
Basic (in dollars per share) $ (0.29)   $ (2.26)  
Diluted (in dollars per share) $ (0.29)   $ (2.26)  
Weighted average shares outstanding:        
Basic (in shares) 49,691,206   49,462,205  
Diluted (in shares) 49,691,206   49,462,205  
Predecessor        
Net sales   $ 52,682   $ 180,508
Cost of sales (excluding amortization, shown separately below)   10,630   30,659
Gross profit   42,052   149,849
Research and development expenses   11,599   19,399
Selling, general, and administrative expenses   16,774   31,534
Amortization of intangibles   16,895   29,656
Impairment of long lived assets   0   0
Goodwill impairment   0   0
Change in fair value of contingent consideration   0   0
Operating (loss) income   (3,216)   69,260
Other (expense) income   8   0
Loss on foreign currency exchange   0   0
Interest expense, net   0   (4)
(Loss) income before income taxes   (3,208)   69,256
Provision (benefit) for income taxes   10,849   41,399
Net (loss) income   $ (14,057)   $ 27,857
Net (loss) income        
Basic (in dollars per share)   $ 0   $ 0
Diluted (in dollars per share)   $ 0 [1]   $ 0
Weighted average shares outstanding:        
Basic (in shares)   0   0
Diluted (in shares)   0   0
[1] (1) Earnings per share calculations for each period are based on the weighted average number of shares outstanding for that period. As the Company was not a Registrant prior to the Successor 2015 Period, no earnings per share data is presented.