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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 200,772 $ 346,266
Trade accounts receivable, net 283,154 150,621
Inventories, net 174,793 185,316
Available-for-sale securities 1,106 5,941
Prepaid expenses and other current assets 25,986 19,988
TOTAL CURRENT ASSETS 685,811 708,132
PROPERTY, PLANT AND EQUIPMENT, NET 238,404 179,614
OTHER LONG-TERM ASSETS    
Goodwill 284,293 284,710
Intangible assets, net 758,854 864,989
Deferred tax assets 5,286 4,207
Long-term investments 9 129
Other non-current assets 1,063 764
TOTAL OTHER LONG-TERM ASSETS 1,049,505 1,154,799
TOTAL ASSETS 1,973,720 2,042,545
CURRENT LIABILITIES    
Trade accounts payable 59,534 46,019
Purchase consideration payable 4,994 4,967
Income taxes payable 16,198 23,670
Accrued royalties 15,044 19,378
Accrued compensation 19,113 15,866
Current maturities of long-term debt (net of current deferred financing costs) 0 52,779
Accrued administrative fees 36,436 37,094
Accrued expenses and other liabilities 24,236 31,603
TOTAL CURRENT LIABILITIES 175,555 231,376
LONG-TERM LIABILITIES    
Long-term debt (net of non-current deferred financing costs) 809,979 994,033
Deferred tax liability 157,607 188,808
Other long-term liabilities 11,395 6,763
TOTAL LONG-TERM LIABILITIES 978,981 1,189,604
TOTAL LIABILITIES 1,154,536 1,420,980
SHAREHOLDERS’ EQUITY    
Common stock, no par value — 150,000,000 shares authorized; 124,390,217 and 119,427,471 shares issued and outstanding at December 31, 2016 and 2015 521,860 458,659
Retained earnings 319,291 180,048
Accumulated other comprehensive loss (21,967) (17,142)
TOTAL SHAREHOLDERS’ EQUITY 819,184 621,565
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,973,720 $ 2,042,545