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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of goodwill

(In thousands)

 

Generic
Pharmaceuticals

 

Balance at June 30, 2017

 

$

339,566

 

Goodwill acquired

 

 

Impairments

 

 

 

 

 

 

Balance at September 30, 2017

 

$

339,566

 

 

 

 

 

 

 

Summary of intangible assets, net

 

 

Weighted

 

Gross Carrying Amount

 

Accumulated Amortization

 

Intangible Assets, Net

 

(In thousands)

 

Avg. Life
(Yrs.)

 

September 30,
2017

 

June 30,
2017

 

September 30,
2017

 

June 30,
2017

 

September 30,
2017

 

June 30,
2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cody Labs import license

 

15

 

$

582

 

$

582

 

$

(357

)

$

(347

)

$

225

 

$

235

 

KUPI product rights

 

15

 

434,000

 

434,000

 

(50,519

)

(43,286

)

383,481

 

390,714

 

KUPI trade name

 

2

 

2,920

 

2,920

 

(2,703

)

(2,338

)

217

 

582

 

KUPI other intangible assets

 

15

 

19,000

 

19,000

 

(2,345

)

(2,028

)

16,655

 

16,972

 

Silarx product rights

 

15

 

10,000

 

10,000

 

(1,556

)

(1,389

)

8,444

 

8,611

 

Other product rights

 

15

 

2,691

 

653

 

(365

)

(355

)

2,326

 

298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total definite-lived

 

 

 

$

469,193

 

$

467,155

 

$

(57,845

)

$

(49,743

)

$

411,348

 

$

417,412

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KUPI in-process research and development

 

 

$

18,000

 

$

18,000

 

$

 

$

 

$

18,000

 

$

18,000

 

Silarx in-process research and development

 

 

18,000

 

18,000

 

 

 

18,000

 

18,000

 

Other product rights

 

 

449

 

449

 

 

 

449

 

449

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total indefinite-lived

 

 

 

36,449

 

36,449

 

 

 

36,449

 

36,449

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets, net

 

 

 

$

505,642

 

$

503,604

 

$

(57,845

)

$

(49,743

)

$

447,797

 

$

453,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of future annual amortization expense

(In thousands)
Fiscal Year Ending June 30,

 

Amortization Expense

 

2018

 

$

23,530

 

2019

 

31,082

 

2020

 

31,074

 

2021

 

31,074

 

2022

 

31,074

 

Thereafter

 

263,514

 

 

 

 

 

 

 

$

411,348