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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 156,294 $ 346,266
Trade accounts receivable, net 205,005 150,621
Inventories, net 187,966 185,316
Available-for-sale securities, current 1,480 5,941
Prepaid expenses and other current assets 43,201 19,988
TOTAL CURRENT ASSETS 593,946 708,132
PROPERTY, PLANT AND EQUIPMENT, NET 195,724 179,614
OTHER LONG-TERM ASSETS    
Goodwill 284,379 284,710
Product licensing rights, net 625,611 653,628
Other intangibles, net 209,644 211,361
Deferred tax assets 4,758 4,207
Long-term investments 130 129
Other non-current assets 921 764
TOTAL OTHER LONG-TERM ASSETS 1,125,443 1,154,799
TOTAL ASSETS 1,915,113 2,042,545
CURRENT LIABILITIES    
Trade accounts payable 48,323 46,019
Purchase consideration payable 4,981 4,967
Income taxes payable 1,242 23,670
Accrued royalties 12,676 19,378
Accrued compensation 13,095 15,866
Current maturities of long-term debt (net of current deferred financing costs) 0 52,779
Accrued administrative fees 30,871 37,094
Accrued expenses and other liabilities 27,608 31,603
TOTAL CURRENT LIABILITIES 138,796 231,376
LONG-TERM LIABILITIES:    
Long-term debt (net of non-current deferred financing costs) 807,370 994,033
Deferred tax liability 180,393 188,808
Other long-term liabilities 10,244 6,763
TOTAL LONG-TERM LIABILITIES 998,007 1,189,604
TOTAL LIABILITIES 1,136,803 1,420,980
SHAREHOLDERS’ EQUITY    
Common stock, no par value – 150,000,000 shares authorized; 125,852,468 and 119,427,471 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 513,716 458,659
Retained earnings 283,927 180,048
Accumulated other comprehensive loss (19,333) (17,142)
TOTAL SHAREHOLDERS’ EQUITY 778,310 621,565
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,915,113 $ 2,042,545