XML 47 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Product Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
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, 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

 

Additions during fiscal 2016

 

 

224

 

Write offs during fiscal 2016

 

 

(78

)

Impact of movement in exchange rates

 

 

69

 

Amortization expense

 

 

(7,942

)

Intangible assets at December 31, 2016

 

$

121,433

 

 

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.

 

 

 

2016

 

 

2015

 

$000’s

 

Gross

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Product Rights

 

$

167,906

 

 

$

63,141

 

 

$

104,765

 

 

$

167,694

 

 

$

56,233

 

 

$

111,461

 

Customer Lists

 

 

3,091

 

 

 

1,053

 

 

 

2,038

 

 

 

3,091

 

 

 

744

 

 

 

2,347

 

Trademarks

 

 

18,041

 

 

 

3,411

 

 

 

14,630

 

 

 

18,041

 

 

 

2,689

 

 

 

15,352

 

Total Intangibles

 

$

189,038

 

 

$

67,605

 

 

$

121,433

 

 

$

188,826

 

 

$

59,666

 

 

$

129,160

 

 

Schedule of Future Amortization Charges Related to Intangible Assets

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

 

Year ending December 31,

 

 

 

 

2017

 

$

7,911

 

2018

 

 

7,793

 

2019

 

 

7,793

 

2020

 

 

7,523

 

2021

 

 

7,438

 

Thereafter

 

 

82,975

 

 

 

$

121,433

 

 

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, 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

 

 

1,367

 

Adjustment to deferred liabilities

 

 

65

 

Amortization of discounted liabilities

 

 

135

 

Payments on existing obligations

 

 

(2,524

)

Obligations under acquisition agreements at December 31, 2015

 

$

1,535

 

Additional obligations acquired

 

 

224

 

Adjustment to deferred liabilities

 

 

(22

)

Amortization of discounted liabilities

 

 

38

 

Payments on existing obligations

 

 

(960

)

Obligations under acquisition agreements at December 31, 2016

 

$

815