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Composition of Certain Financial Statement Captions (Tables)
12 Months Ended
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Financial Statement Captions
 
For the years ended December 31,
(In thousands)
2017
 
2016
Accounts receivable, net
 
 
 
Accounts receivable
$
166,962

 
$
221,955

Less: allowance for doubtful accounts
(1,446
)
 
(1,671
)
 
$
165,516

 
$
220,284

Inventories, net
 
 
 
Consumable supplies
$
21,546

 
$
23,448

Finished products
21,012

 
16,143

Work in-process
5,873

 
3,896

Raw materials
7,467

 
4,686

Less: inventory reserve
(6,565
)
 
(945
)
 
$
49,333

 
$
47,228

Other current assets and prepaid expenses
 
 
 
Other receivables
$
3,398

 
$
13,021

Taxes recoverable
18,138

 
16,187

Prepaid supplies
8,207

 
6,952

Prepaid insurance
3,532

 
3,688

Other
9,238

 
7,508

 
$
42,513

 
$
47,356

Property, plant and equipment, net:
 
 
 
Machinery, medical and other equipment
$
112,961

 
$
100,100

Leasehold improvements
34,121

 
30,122

Furniture and fixtures
11,540

 
11,247

Automobiles and aircraft
11,137

 
13,342

Software
12,469

 
10,990

Building
8,227

 
5,696

Land
2,552

 
2,264

Construction in process
39,397

 
5,848

Less: accumulated depreciation
(85,847
)
 
(56,778
)
 
$
146,557

 
$
122,831

Intangible assets, net:
 
 
 
Customer relationships
$
448,345

 
$
443,560

Technologies
340,921

 
340,397

Trade names
50,553

 
50,442

Covenants not to compete
16,372

 
16,348

Licenses
10,305

 
23,506

Product registrations
10,475

 
7,641

Other
5,799

 
5,289

Less:  accumulated amortization
(198,935
)
 
(123,207
)
 
$
683,835

 
$
763,976

Accrued expenses:
 
 
 
Contract liabilities
$
56,883

 
$
50,158

Employee benefits
50,377

 
43,792

Taxes payable
4,609

 
4,430

Contingent consideration
11,750

 
259

 
For the years ended December 31,
(In thousands)
2017
 
2016
Clinical trials
12,191

 
5,935

Capital leases short-term
3,399

 
3,025

Milestone payment
4,868

 
4,865

Professional fees
2,355

 
4,035

Other
79,364

 
58,180

 
$
225,796

 
$
174,679

 
 
 
 
Other long-term liabilities:
 
 
 
Contract liabilities
$
95,450

 
$
157,667

Line of credit
104,152

 
38,809

Contingent consideration
29,603

 
44,817

Capital leases long-term
7,786

 
7,216

Mortgages and other debts payable
1,567

 
717

Other
17,857

 
21,908

 
$
256,415

 
$
271,134

Summary of Fair Values Assigned to Major Intangible Asset Classes
The following table summarizes the fair values assigned to our major intangible asset classes upon each acquisition:
(In thousands)
Technologies
 
In-process research and development
 
Customer relationships
 
Product registrations
 
Covenants not to compete
 
Trade names
 
Other
 
Total identified intangible assets
 
Goodwill
BioReference
$
100,600

 
$
—

 
$
389,800

 
$
—

 
$
7,750

 
$
47,100

 
$
—

 
$
545,250

 
$
401,821

CURNA
—

 
10,000

 
—

 
—

 
—

 
—

 
290

 
10,290

 
4,827

EirGen
—

 
560

 
34,155

 
—

 
—

 
—

 
3,919

 
38,634

 
83,373

FineTech
2,700

 
—

 
14,200

 
—

 
1,500

 
400

 
—

 
18,800

 
11,623

OPKO Biologics
—

 
590,200

 
—

 
—

 
—

 
—

 
—

 
590,200

 
139,784

OPKO
Chile
—

 
—

 
3,945

 
5,829

 
—

 
1,032

 
—

 
10,806

 
5,441

OPKO Diagnostics
44,400

 
—

 
—

 
—

 
—

 
—

 
—

 
44,400

 
17,977

OPKO Health Europe
3,017

 
1,459

 
436

 
2,930

 
187

 
349

 
—

 
8,378

 
8,062

OPKO Lab
1,370

 
—

 
3,860

 
—

 
6,900

 
1,830

 
70

 
14,030

 
29,629

OPKO Renal
—

 
191,530

 
—

 
—

 
—

 
—

 
210

 
191,740

 
2,411

Transition Therapeutics
—

 
41,000

 
—

 
—

 
—

 
—

 
—


41,000

 
3,453

Weighted average amortization period
8-12 years

 
Indefinite

 
6-20 years

 
9 years

 
5 years

 
4-5 years

 
3-10 years

 
 
 
Indefinite

Summary of Valuation Allowance
The following table reflects the changes in the allowance for doubtful accounts, provision for inventory reserve and tax valuation allowance accounts:
 
(In thousands)
Beginning
balance
 
Charged
to
expense
 
Written-off
 
Charged
to other
 
Ending
balance
2017
 
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
$
(1,671
)
 
(891
)
 
1,063

 
53

 
$
(1,446
)
Inventory reserve
$
(945
)
 
(5,390
)
 
(230
)
 
—

 
$
(6,565
)
Tax valuation allowance
$
(55,415
)
 
(82,358
)
 
—

 
(4,289
)
 
$
(142,062
)
2016
 
 
 
 
 
 
 
 
 
Allowance for doubtful accounts
$
(1,946
)
 
(932
)
 
1,110

 
97

 
$
(1,671
)
Inventory reserve
$
(1,051
)
 
(20
)
 
296

 
(170
)
 
$
(945
)
Tax valuation allowance
$
(42,147
)
 
7,726

 
—

 
(20,994
)
 
$
(55,415
)
Schedule of Goodwill
The following table summarizes the changes in Goodwill during the years ended December 31, 2017 and 2016.
 
2017
 
2016
(In thousands)
Balance at January 1
 
Purchase Accounting Adj
 
Foreign exchange and other
 
Balance at December 31st
 
Balance at January 1
 
Purchase accounting adjustments
 
Foreign exchange
 
Balance at December 31
Pharmaceuticals
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CURNA
$
4,827

 


 
$
—

 
$
4,827

 
$
4,827

 
$
—

 
$
—

 
$
4,827

EirGen
78,358

 

 
10,868

 
89,226

 
81,139

 
—

 
(2,781
)
 
78,358

FineTech
11,698

 

 
—

 
11,698

 
11,698

 
—

 
—

 
11,698

OPKO Biologics
139,784

 

 
—

 
139,784

 
139,784

 
—

 
—

 
139,784

OPKO Chile
4,785

 

 
418

 
5,203

 
4,517

 
—

 
268

 
4,785

OPKO Health Europe
6,936

 

 
962

 
7,898

 
7,191

 
—

 
(255
)
 
6,936

OPKO Renal
2,069

 

 
—

 
2,069

 
2,069

 
—

 
—

 
2,069

Transition Therapeutics
3,360

 

 
248

 
3,608

 
—

 
3,453

 
(93
)
 
3,360

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diagnostics
 
 
 
 
 
 
 
 

 

 

 

BioReference
401,821

 

 
—

 
401,821

 
441,158

 
(39,337
)
 
—

 
401,821

OPKO Diagnostics
17,977

 

 
—

 
17,977

 
17,977

 
—

 
—

 
17,977

OPKO Lab
32,988

 

 
—

 
32,988

 
32,988

 
—

 
—

 
32,988

 
$
704,603

 
$
—

 
$
12,496

 
$
717,099

 
$
743,348

 
$
(35,884
)
 
$
(2,861
)
 
$
704,603