Product Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Intangible Assets Recognized in Connection with Product Acquisitions

The following schedule represents intangible assets recognized in connection with product acquisitions (See description of Business, Basis of Consolidation and Significant Accounting Policies for the Company’s accounting policy regarding intangible assets):


	Amount
Intangible assets at December 31, 2009	$	86,973
Acquisitions during fiscal 2010		32,677
Impact of movement in exchange rates and other adjustments		63
Amortization expense		(4,464	)

Intangible assets at December 31, 2010		115,249
Acquisitions during fiscal 2011		316
Impact of movement in exchange rates and other adjustments		(161	)
Other Adjustments related to deferred liabilities		6,802
Amortization expense		(6,017	)

Intangible assets at December 31, 2011		116,189
Acquisitions during fiscal 2012		3,473
Impact of movement in exchange rates		(118	)
Amortization expense		(6,023	)

Intangible assets at December 31, 2012	$	113,521

Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets

The following schedule represents the gross carrying amount and accumulated amortization of the intangible assets. Product rights are amortized over their expected useful lives of 25 years. Customer lists are amortized over their expected useful lives of ten years, and trademarks are amortized over their expected useful lives of 25 years.


	2012						2011
$000’s	Gross		Accumulated Amortization		Net Book Value		Gross		Accumulated Amortization		Net Book Value
Product Rights	$	139,256	$	38,530	$	100,726	$	135,901	$	33,130	$	102,771
Customer Lists		1,091		218		873		1,091		109		982
Trademarks		12,941		1,019		11,922		12,941		505		12,436

Total Intangibles	$	153,288	$	39,767	$	113,521	$	149,933	$	33,744	$	116,189

Schedule of Future Amortization Charges Related to Intangible Assets

The following schedule represents future amortization charges related to intangible assets:


Year ending December 31,
2013	$	6,370
2014		6,370
2015		6,370
2016		6,370
2017		6,370
Thereafter		81,671

	$	113,521

Schedule of Company's Obligations under Product Acquisition Agreements

The following schedule represents the Company’s obligations under product acquisition agreements:


	Amount
Obligations under acquisition agreements at December 31, 2009		1,200
Additional obligations acquired		32,608
Payments on existing obligations		(20,986	)

Obligations under acquisition agreements at December 31, 2010		12,822
Additional obligations acquired		216
Addition of deferred liabilities		6,802
Adjustment to deferred liabilities		(2,857	)
FX impact		101
Amortization of discounted liabilities		1,341
Payments on existing obligations		(801	)

Obligations under acquisition agreements at December 31, 2011	$	17,624
Additional obligations acquired		1,073
Adjustment to deferred liabilities		(216	)
FX impact		48
Amortization of discounted liabilities		818
Payments on existing obligations		(7,447	)

Obligations under acquisition agreements at December 31, 2012	$	11,900

- Definition

Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

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