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Unconsolidated Joint Venture (Tables)
 12 Months Ended
Dec. 31, 2013
Unconsolidated Joint Venture [Abstract]  
Joint Venture Investment Summarized Financial Information
 The following tables sets forth a condensed statements of income for the three years ended December 31, 2013 and condensed balance sheets as of December 31, 2013 and 2012 for Akorn-Strides, LLC, along with information regarding the amount of earnings allocated to each member-partner of the LLC (in thousands):

CONDENSED STATEMENTS OF INCOME
 
 
 
 
 
 
(Unaudited)
 
 
 
Year ended December 31,
 
 
 
2013
  
2012
  
2011
 
REVENUES
 
$
163
  
$
-
  
$
6,364
 
Cost of sales
  
(1
)
  
-
   
3,562
 
GROSS PROFIT
  
164
   
-
   
2,802
 
Operating expenses
  
3
   
-
   
499
 
OPERATING INCOME
  
161
   
-
   
2,303
 
Gain from Pfizer ANDA Sale
  
-
   
-
   
24,160
 
INCOME BEFORE INCOME TAXES
  
161
   
-
   
26,463
 
Income tax (benefit) / provision
  
-
   
-
   
(38
)
NET INCOME
 
$
161
  
$
-
  
$
26,501
 

CONDENSED BALANCE SHEETS
 
 
 
 
 
 
(Unaudited)
 
 
 
December 31,
 
 
 
2013
  
2012
 
ASSETS
 
  
 
Cash
 
$
25
  
$
794
 
Other current assets
  
1
     
TOTAL ASSETS
 
$
26
  
$
794
 
 
        
LIABILITIES & MEMBERS’ EQUITY (DEFICIT)
        
Trade accounts payable & other accrued liabilities
$
-
$
431
TOTAL LIABILITIES
 
-
   
431
 
 
        
Members’ equity
  
26
   
363
 
TOTAL LIABILITIES & MEMBERS’ EQUITY (DEFICIT)
 
$
26
  
$
794