The effect of the restatement on the previously filed condensed consolidated balance sheet as of December 31, 2014 is as follows, in thousands:

	December 31, 2014
	As Previously Reported			Restatement Adjustment				As Restated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	70,680		$	(1	)	(i)	$	70,679
Trade accounts receivable, net	220,716			(33,171		)	(a), (b), (c)	187,545
Inventories, net	131,310			3,887			(d), (f)	135,197
Deferred taxes, current	33,480			4,931			(e), (i)	38,411
Available for sale security, current	7,268			—				7,268
Prepaid expenses and other current assets	30,875			6,186			(c), (d), (e)	37,061

TOTAL CURRENT ASSETS	494,329			(18,168		)		476,161
PROPERTY, PLANT AND EQUIPMENT, NET	143,788			408			(c), (d)	144,196
OTHER LONG-TERM ASSETS
Goodwill	278,774			6,509			(e)	285,283
Product licensing rights, net	704,218			573			(e)	704,791
Other intangibles, net	259,141			(3,529		)	(e)	255,612
Deferred financing costs, net	21,560			2,144			(c), (d), (h)	23,704
Deferred taxes, non-current	3,020			(936		)	(i)	2,084
Long-term investments	208			3			(i)	211
Other non-current assets	1,863			—				1,863

TOTAL OTHER LONG-TERM ASSETS	1,268,784			4,764				1,273,548

TOTAL ASSETS	$	1,906,901		$	(12,996	)		$	1,893,905

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable	$	44,116		$	3,201		(c), (d)	$	47,317
Purchase consideration payable, current	7,481			3,489			(e)	10,970
Income taxes payable	1			(1)			(i)	—
Accrued royalties	13,041			163			(d)	13,204
Accrued compensation	13,467			—				13,467
Current maturities of long-term debt	10,450			—				10,450
Accrued administrative fees	27,774			13,096			(b), (d)	40,870
Accrued expenses and other liabilities	17,835			(3,259		)	(c), (d), (e)	14,576

TOTAL CURRENT LIABILITIES	134,165			16,689				150,854
LONG-TERM LIABILITIES
Long-term debt	1,114,481			—				1,114,481
Deferred tax liability, non-current	268,968			460			(e)	269,428
Lease incentive obligations and other long-term liabilities	2,536			300			(c), (d)	2,836

TOTAL LONG-TERM LIABILITIES	1,385,985			759				1,386,745

TOTAL LIABILITIES	1,520,150			17,448				1,537,599

SHAREHOLDERS’ EQUITY
Common stock, no par value — 150,000,000 shares authorized; 111,734,901 shares issued and outstanding at December 31, 2014	351,235			(8,983		)	(i)	342,252
Warrants to acquire common stock	—			—				—
Retained earnings	50,711			(21,461		)	(a), (b), (c), (d), (e), (f)	29,250
Accumulated other comprehensive loss	(15,195		)	—				(15,195		)

TOTAL SHAREHOLDERS’ EQUITY	386,751			(30,444		)		356,307

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,906,901		$	(12,996	)		$	1,893,905

The effect of the restatement on the previously filed consolidated income statement for the year ended December 31, 2014 is as follows, in thousands except per share amounts:

	Year ended December 31, 2014
	As Previously Reported			Restatement Adjustment				As Restated
REVENUES	$	593,078		$	(38,030	)	(a), (b), (c)	$	555,048
Cost of sales (exclusive of amortization of intangibles, included within operating expenses below)	295,488			(1,800		)	(c), (d), (f)	293,688

GROSS PROFIT	297,590			(36,230		)		261,360

Selling, general and administrative expenses	95,463			(2,508		)	(c), (d)	92,955
Acquisition-related costs	32,147			693			(c), (d)	32,840
Research and development expenses	29,199			2,057			(c), (d)	31,256
Amortization of intangibles	44,066			(573		)	(e)	43,493

TOTAL OPERATING EXPENSES	200,875			(331		)		200,544

OPERATING INCOME	96,715			(35,899		)		60,816

Amortization of deferred financing costs	(12,129		)	2,144			(c), (d), (h)	(9,985		)
Interest expense, net	(35,657		)	—				(35,657		)
Gain from product divestiture	9,807			(510		)	(e)	9,297
Other non-operating income, net	400			471			(c), (d)	871

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	59,136			(33,794		)		25,342
Income tax provision	23,288			(12,334		)	(i)	10,954

INCOME FROM CONTINUING OPERATIONS	$	35,848		$	(21,460	)		$	14,388
Loss from discontinued operations, net of tax	$	(503	)	$	(1	)	(i)	$	(504	)

CONSOLIDATED NET INCOME	$	35,345		$	(21,461	)		$	13,884

CONSOLIDATED NET INCOME PER COMMON SHARE:
Income from continuing operations, basic	$	0.35		$	(0.21	)		$	0.14
Loss from discontinued operations, basic	$	(0.01	)	$	—			$	(0.01	)

CONSOLIDATED NET INCOME, BASIC	$	0.34		$	(0.21	)		$	0.13

Income from continuing operations, diluted	$	0.34		$	(0.21	)		$	0.13
Loss from discontinued operations, diluted	$	(0.01	)	$	0.01			$	—

CONSOLIDATED NET INCOME, DILUTED	$	0.33		$	(0.20	)		$	0.13

SHARES USED IN COMPUTING CONSOLIDATED NET INCOME PER COMMON SHARE:
BASIC	103,480			—				103,480

DILUTED	123,110			(13,522)				109,588

COMPREHENSIVE INCOME:
Consolidated net income	$	35,345		$	(21,461	)		$	13,884
Unrealized holding loss on available-for-sale securities, net of tax of $663	(1,124		)	—				(1,124		)
Foreign currency translation loss, net of tax of $877 for the year ended December 31, 2014	(1,704		)	—				(1,704		)

COMPREHENSIVE INCOME	$	32,517		$	(21,461	)		$	11,056

The effect of the restatement on the previously filed consolidated statement of cash flows for the year ended December 31, 2014 is as follows, in thousands:

	Year ended December 31, 2014
	As Previously Reported			Restatement Adjustment				As Restated
OPERATING ACTIVITIES:
Consolidated net income	$	35,345		$	(21,461	)	(a), (b), (c), (d), (e), (f)	$	13,884
Loss from discontinued operations, net of tax	503			1			(i)	504
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization	58,538			(707		)	(c), (d)	57,831
Amortization of deferred financing fees	12,129			(2,145		)	(c), (d), (h)	9,984
Amortization of favorable (unfavorable) contracts	72			(1		)	(i)	71
Amortization of inventory step-up	20,798			—				20,798
Non-cash stock compensation expense	7,542			210			(i)	7,752
Non-cash interest expense	4,871			—				4,871
Non-cash gain on bargain purchase	—			—				—
Gain from product divestiture	(9,807		)	478			(e)	(9,329		)
Deferred income taxes, net	25,293			(42,804		)	(e)	(17,511		)
Excess tax benefit from stock compensation	(38,710		)	9,193			(e)	(29,517		)
Non-cash settlement of product warranty liability	—			—				—
Equity in earnings of unconsolidated joint venture	—			—				—
Loss on extinguishment of debt	990			—				990
Gain on sale of available for sale security	(7		)	—				(7		)
Changes in operating assets and liabilities, net of business acquisitions:
Trade accounts receivable, net	(95,470		)	22,674			(a), (b), (c)	(72,796		)
Inventories, net	(15,262		)	(4,123		)	(c), (d), (f)	(19,385		)
Prepaid expenses and other current assets	(13,180		)	43,552			(c), (d)	30,372
Trade accounts payable	11,024			2,939			(c), (d)	13,963
Accrued expenses and other liabilities	26,249			1,718			(c), (d)	27,967

NET CASH PROVIDED BY OPERATING ACTIVITIES	30,918			9,254				40,442
INVESTING ACTIVITIES:
Payments for acquisitions and equity investments, net of cash acquired	(987,802		)	374			(e)	(987,428		)
Proceeds from disposal of assets	59,361			___			(e)	59,361
Payments for other intangible assets	(8,532		)	(376		)	(c), (d)	(8,908		)
Purchases of property, plant and equipment	(29,568		)	(331		)	(c), (d)	(29,899		)
Distributions from unconsolidated joint venture	—			—				—

NET CASH USED IN INVESTING ACTIVITIES	(966,541		)	(333)				(966,874		)
FINANCING ACTIVITIES:
Proceeds from issuances of debt	1,045,000			—				1,045,000
Proceeds under stock option and stock purchase plans	8,842			—				8,842
Payments of contingent acquisition liabilities	(15,000		)	—				(15,000		)
Debt financing costs	(28,366		)	1			(i)	(28,365		)
Proceeds from warrant exercises	8,171			—				8,171
Excess tax benefits from stock compensation	38,710			(9,193		)	(i)	29,517
Debt repayment	(85,049		)	—				(85,049		)

NET CASH PROVIDED BY FINANCING ACTIVITIES	972,308			(9,192		)		963,116

Effect of changes in exchange rates on cash and cash equivalents	(183		)	—				(183		)

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	36,502			(1		)		36,501
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	34,178			—				34,178

CASH AND CASH EQUIVALENTS AT END OF YEAR	$	70,680		$	(1	)		$	70,679