COMPOSITION OF CERTAIN FINANCIAL STATEMENT CAPTIONS



(In thousands)	March 31, 2018			December 31, 2017
Accounts receivable, net:
Accounts receivable	$	160,169		$	166,962
Less: allowance for doubtful accounts	(1,527		)	(1,446		)
	$	158,642		$	165,516
Inventories, net:
Consumable supplies	$	22,138		$	21,546
Finished products	22,137			21,012
Work in-process	4,505			5,873
Raw materials	6,892			7,467
Less: inventory reserve	(5,857		)	(6,565		)
	$	49,815		$	49,333
Other current assets and prepaid expenses:
Taxes recoverable	17,359			18,138
Other receivables	7,980			8,798
Prepaid supplies	9,058			8,207
Prepaid insurance	2,179			3,532
Other	4,370			3,838
	$	40,946		$	42,513
Intangible assets, net:
Customer relationships	$	449,474		$	448,345
Technologies	341,044			340,921
Trade names	50,582			50,553
Licenses	10,306			10,305
Covenants not to compete	16,381			16,372
Product registrations	10,586			10,475
Other	5,920			5,799
Less: accumulated amortization	(216,656		)	(198,935		)
	$	667,637		$	683,835
Accrued expenses:
Contract liabilities	$	61,378		$	61,388
Employee benefits	46,708			50,377
Clinical trials	14,130			12,191
Taxes payable	2,592			4,609
Contingent consideration	5,254			11,750
Capital leases short-term	3,366			3,399
Milestone payment	4,918			4,868
Professional fees	2,856			2,355
Other	75,931			79,364
	$	217,133		$	230,301



(In thousands)	March 31, 2018		December 31, 2017
Other long-term liabilities:
Contract liabilities	$	63,642	$	78,990
Line of credit	105,091		104,152
Contingent consideration	37,858		29,603
Mortgages and other debts payable	1,432		1,567
Capital leases long-term	7,342		7,786
Other	18,257		17,857
	$	233,622	$	239,955

All of the intangible assets and goodwill acquired relate to our acquisitions of principally OPKO Renal, OPKO Biologics, EirGen Pharma Limited (“EirGen”) and BioReference. We do not anticipate capitalizing the cost of product registration renewals, rather we expect to expense these costs, as incurred. Our goodwill is not tax deductible for income tax purposes in any jurisdiction we operate in.

The changes in value of the intangible assets and goodwill during the three months ended March 31, 2018 are primarily due to foreign currency fluctuations between the Chilean Peso, the Euro and the Shekel against the U.S. dollar.

The following table summarizes the changes in Goodwill during the three months ended March 31, 2018.



	2018
(In thousands)	Balance at January 1		Foreign exchange and other			Balance at March 31
Pharmaceuticals
CURNA	$	4,827	$	—		$	4,827
EirGen	89,226		2,564			91,790
FineTech	11,698		—			11,698
OPKO Chile	5,203		98			5,301
OPKO Biologics	139,784		—			139,784
OPKO Health Europe	7,898		227			8,125
OPKO Renal	2,069		—			2,069
Transition Therapeutics	3,608		(97		)	3,511

Diagnostics
BioReference	401,821		—			401,821
OPKO Diagnostics	17,977		—			17,977
OPKO Lab	32,988		—			32,988
	$	717,099	$	2,792		$	719,891