Goodwill and Other Intangible Assets, Net

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

The following table provides a summary of the activity in goodwill by segment for the three month period ended March 31, 2017 (in thousands):



	Consumer Health		Prescription Pharmaceuticals		Total
Balances at December 31, 2016	$	16,717	$	267,576	$	284,293
Currency translation adjustments	—		738		738
Acquisitions	—		—		—
Impairments	—		—		—
Dispositions	—		—		—
Balances at March 31, 2017	$	16,717	$	268,314	$	285,031

The following table sets forth the major categories of the Company’s intangible assets as of March 31, 2017 and December 31, 2016, and the weighted average remaining amortization period as of March 31, 2017 and December 31, 2016 (dollar amounts in thousands):



	Gross Amount (1)		Accumulated Amortization			Reclass-ifications			Gross Impairment			Net Balance		Wtd Avg Remaining Amortization Period (years)
March 31, 2017
Product licensing rights	$	746,906	$	(197,563	)	$	—		$	—		$	549,343	10.4
IPR&D	173,757		—			—			(225		)	173,532		N/A - Indefinite lived
Trademarks	16,000		(4,559		)	—			—			11,441		18.0
Customer relationships	4,225		(1,863		)	—			—			2,362		9.1
Other intangibles	11,235		(4,755		)	—			—			6,480		5.9
	$	952,123	$	(208,740	)	$	—		$	(225	)	$	743,158
December 31, 2016
Product licensing rights	$	790,143	$	(182,901	)	$	9,400		$	(52,637	)	$	564,005	10.5
IPR&D	187,007		—			(9,400		)	(3,850		)	173,757		N/A - Indefinite lived
Trademarks	16,000		(4,244		)	—			—			11,756		18.0
Customer relationships	6,290		(3,863		)	—			—			2,427		9.3
Other intangibles	11,235		(4,326		)	—			—			6,909		6.0
	$	1,010,675	$	(195,334	)	$	—		$	(56,487	)	$	758,854

The Company recorded amortization expense of $15.5 million and $16.5 million during the three month periods ended March 31, 2017 and 2016, respectively.

(1) Differences in the Gross Amounts between periods are due to either impairment of assets or the write down of fully amortized assets.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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