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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
Changes in goodwill during the quarter ended March 31, 2016 were as follows (in thousands):
 
 
 
Goodwill
 
December 31, 2015
 
$
426
 
Acquisition
 
 
-
 
Impairments
 
 
-
 
Foreign currency translation
 
 
33
 
March 31, 2016
 
$
459
 
Schedule of Finite and Indefinite Lived Intangible Assets [Table Text Block]
The following sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of March 31, 2016 and December 31, 2015.
 
 
 
March 31, 2016
 
Weighted Average
 
 
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Remaining Amortization
 
 
 
Amount
 
Amortization
 
Amount
 
Period
 
Trademarks and Technology
 
$
48,611
 
$
(1,269)
 
$
47,343
 
 
14.62
 
In process research and development ("IPR&D")
 
 
4,015
 
 
-
 
 
4,015
 
 
N/A - Indefinite lived
 
Customer relationships
 
 
3,688
 
 
(131)
 
 
3,557
 
 
9.63
 
Total
 
$
56,315
 
$
(1,399)
 
$
54,916
 
 
 
 
  
 
 
December 31, 2015
 
Weighted Average
 
 
 
Gross Carrying
 
Accumulated
 
Net Carrying
 
Remaining Amortization
 
 
 
Amount
 
Amortization
 
Amount
 
Period
 
Trademarks and Technology
 
$
47,679
 
$
(651)
 
$
47,028
 
 
14.8
 
In process research and development ("IPR&D")
 
 
3,875
 
 
-
 
 
3,875
 
 
N/A - Indefinite lived
 
Customer relationships
 
 
3,460
 
 
(43)
 
 
3,417
 
 
9.9
 
Total
 
$
55,014
 
$
(694)
 
$
54,320
 
 
 
 
Schedule of Changes in Intangible Assets Other Than Goodwill [Table Text Block]
Changes in intangibles during the three months ended March 31, 2016 were as follows (in thousands):
 
 
 
Trademarks and
 
 
 
Customer
 
 
 
Technology
 
IPR&D
 
Relationships
 
December 31, 2015
 
$
47,028
 
$
3,875
 
 
3,417
 
Acquisition
 
 
330
 
 
-
 
 
-
 
Amortization
 
 
(618)
 
 
-
 
 
(87)
 
Foreign currency translation
 
 
603
 
 
140
 
 
227
 
March 31, 2016
 
 
47,343
 
 
4,015
 
 
3,557
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Assuming no additions, disposals or adjustments are made to the carrying values and/or useful lives of the intangible assets, annual amortization expense on product rights and other related intangibles as of March 31, 2016 over the remainder of 2016 and each of the next five years is estimated to be as follows ($ in thousands):
 
 
 
Amortization
 
 
 
Expense *
 
2016 (remainder of the year)
 
$
2,203
 
2017
 
 
2,937
 
2018
 
 
2,937
 
2019
 
 
2,937
 
2020
 
 
2,937
 
2021
 
 
2,937
 
 
*IPR&D amounts will be amortized once products become saleable, and are not included in the table above.