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Investment in Affiliated Companies

12 Months Ended

Dec. 31, 2011

10. Investment in Affiliated Companies

As of December 31, 2011, the Company maintained four equity method investments, including three limited partnership investment funds. Additional equity method investment contributions, net of investment returns totaled $3.9 million and $1.9 million in 2011 and 2010, respectively.

A summary of the Company's equity investment in affiliated companies follows:

Investment in Affiliated Companies	2011		2010

Investment in affiliated companies ⁽¹⁾	$	25,587	$	21,419
Excess of investment over share of equity ⁽²⁾		1,010		1,654

Investment in affiliated companies	$	26,597	$	23,073

Equity in Losses of Affiliated Companies	2011		2010		2009

Affiliated companies losses ⁽¹⁾⁽³⁾	$	2,804	$	1,928	$	1,103

⁽¹⁾: The Company records its interest and share of losses based on its ownership percentage.
⁽²⁾: Consists of goodwill.
⁽³⁾: Affiliated companies losses in 2011 and 2010 included certain losses related to non-core former Abraxis equity method investments which were divested in the second quarter of 2011.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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