Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Components of amounts reflected in (Loss) income from discontinued operations are as follows:

	Year Ended December 31,
(in thousands)	2019			2018			2017
Revenues
Product revenue, net	$	55,093		$	80,796		$	69,032
Royalty rights - change in fair value	(31,042		)	85,287			159,729
Total revenues	24,051			166,083			228,761
Operating expenses
Cost of product revenue (excluding intangible asset amortization)	36,343			34,906			18,333
Amortization of intangible assets	5,016			14,536			24,057
General and administrative	7,059			11,720			10,268
Sales and marketing	1,675			10,800			14,021
Research and development	(41		)	196			5,963
Impairment of intangible assets	22,490			152,330			—
Change in fair value of anniversary payment and contingent consideration	—			(42,000		)	349
Total operating expenses	72,542			182,488			72,991
(Loss) income from discontinued operations before income taxes	(48,491		)	(16,405		)	155,770
Income tax (benefit) expense from discontinued operations	(2,028		)	19,689			58,421
(Loss) income from discontinued operations	$	(46,463	)	$	(36,094	)	$	97,349

The carrying amounts of the major classes of assets reported as “Assets held for sale” consist of the following:

(in thousands)	December 31, 2019		December 31, 2018
Cash and cash equivalents	$	24,469	$	28,910
Accounts receivable, net	6,993		16,874
Inventory	31,712		14,880
Prepaid and other current assets	7,192		4,480
Property and equipment, net	2,960		3,681
Royalty rights - at fair value	266,196		376,510
Intangible assets, net	10,112		37,618
Other assets	1,819		2,236
Total assets held for sale	$	351,453	$	485,189

The carrying amounts of the major classes of liabilities reported as “Liabilities held for sale” consist of the following:

(in thousands)	December 31, 2019		December 31, 2018
Accounts payable	$	14,695	$	10,614
Accrued liabilities	16,400		30,086
Other long-term liabilities	120		—
Total liabilities held for sale	$	31,215	$	40,700