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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Changes in goodwill during the two years ended December 31, 2016 and December 31, 2017 were as follows (in thousands):
 
Goodwill
December 31, 2015
$
426

Foreign currency translation
20

December 31, 2016
446

Foreign currency translation
25

December 31, 2017
$
471

Finite and Indefinite Lived Intangible Assets
The following sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2017 and December 31, 2016 for those assets that are not already fully amortized (dollar amounts in thousands):
 
 
 
December 31, 2017
 
 
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Weighted Average
Remaining Amortization
Period
Trademarks and Technology
 
$
40,380

 
$
(5,684
)
 
$
34,696

 
12.8
In-process research and development
(“IPR&D”)
 
18,311

 

 
18,311

 
 N/A - Indefinite lived
Customer relationships
 
3,783

 
(773
)
 
3,010

 
7.9
Total
 
$
62,474

 
$
(6,457
)
 
$
56,017

 
 

 
 
December 31, 2016
 
 
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Weighted Average
Remaining Amortization
Period
Trademarks and Technology
 
$
35,403

 
$
(3,123
)
 
$
32,280

 
13.8
In-process research and development
(“IPR&D”)
 
17,024

 

 
17,024

 
 N/A - Indefinite lived
Customer relationships
 
3,565

 
(404
)
 
3,161

 
8.9
Total
 
$
55,992

 
$
(3,527
)
 
$
52,465

 
 

Changes in Intangible Assets Other Than Goodwill
Changes in intangibles during the two years ended December 31, 2016 and December 31, 2017 were as follows (in thousands):
 
 
Trademarks and
Technology
 
IPR&D
 
Customer
Relationships
December 31, 2015
 
$
36,552

 
$
14,351

 
$
3,417

Acquisition
 
661

 
2,811

 

Amortization
 
(2,472
)
 

 
(361
)
Foreign currency translation
 
(2,461
)
 
(138
)
 
105

December 31, 2016
 
32,280

 
17,024

 
3,161

Acquisition
 


 


 


Amortization
 
(2,561
)
 

 
(369
)
IPR&D placed in service
 
834

 
(834
)
 

Impairment
 

 
(113
)
 

Foreign currency translation
 
4,143

 
2,234

 
218

December 31, 2017
 
$
34,696

 
$
18,311

 
$
3,010

Finite-Lived Intangible Assets Future Amortization Expense
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 for each of the following years is estimated to be as follows (in thousands):
Year ending December 31,
 
Amortization Expense *
2018
 
2,930

2019
 
2,930

2020
 
2,930

2021
 
2,930

2022
 
2,930

Thereafter
 
23,058

 
*IPR&D amounts are assessed for impairment at least annually and will be amortized once products are approved, including the product's respective manufacturing process approvals, and are not included in the table
Finite-Lived Intangible Assets Useful Lives
The useful lives of the Company’s intangibles is as follows:
Intangibles Category
 
Amortizable Life
Trademarks and Technology
 
15 years
Customer Relationships
 
10 years