Product Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

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, 2012	$	113,521
Impact of movement in exchange rates		(162	)
Amortization expense		(6,352	)

Intangible assets at December 31, 2013	$	107,007
Write off during fiscal 2014		(319	)
Impact of movement in exchange rates		(86	)
Amortization expense		(6,391	)

Intangible assets at December 31, 2014	$	100,211
Additions during fiscal 2015		36,667
Write offs during fiscal 2015		(33	)
Impact of movement in exchange rates		(197	)
Amortization expense		(7,488	)

Intangible assets at December 31, 2015	$	129,160

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.


	2015						2014
$000’s	Gross		Accumulated Amortization		Net Book Value		Gross		Accumulated Amortization		Net Book Value
Product Rights	$	167,694	$	56,233	$	111,461	$	138,466	$	49,796	$	88,670
Customer Lists		3,091		744		2,347		1,091		437		654
Trademarks		18,041		2,689		15,352		12,941		2,054		10,887

Total Intangibles	$	188,826	$	59,666	$	129,160	$	152,498	$	52,287	$	100,211

Schedule of Future Amortization Charges Related to Intangible Assets

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


Year ending December 31,
2016	$	8,068
2017		8,068
2018		8,068
2019		8,068
2020		8,068
Thereafter		88,820

	$	129,160

Schedule of Company's Obligations under Product Acquisitions and Licensing Agreements

The following schedule represents the Company’s obligations under product acquisitions and licensing agreements:


	Amount
Obligations under acquisition agreements at December 31, 2012	$	11,900
Adjustment to deferred liabilities		(297	)
FX impact		(1	)
Amortization of discounted liabilities		174
Payments on existing obligations		(7,890	)

Obligations under acquisition agreements at December 31, 2013	$	3,886
Adjustment to deferred liabilities		(32	)
Amortization of discounted liabilities		324
Payments on existing obligations		(1,686	)

Obligations under acquisition agreements at December 31, 2014	$	2,492
Additional obligations acquired		1,867
Adjustment to deferred liabilities		65
Amortization of discounted liabilities		135
Payments on existing obligations		(2,524	)

Obligations under acquisition agreements at December 31, 2015	$	2,035