XML 49 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2017
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, 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

 

Additions during fiscal 2017

 

 

68,327

 

Impact of movement in exchange rates

 

 

(6

)

Amortization expense

 

 

(8,804

)

Intangible assets at December 31, 2017

 

$

180,950

 

 

 

 

 

 

Goodwill at December 31, 2016

 

 

 

Additions during fiscal 2017

 

 

22,184

 

Goodwill at December 31, 2017

 

$

22,184

 

 

 

 

 

 

Intangible assets and goodwill at December 31, 2017

 

$

203,134

 

 

Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Goodwill

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

 

 

 

2017

 

 

2016

 

$000’s

 

Gross

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net Book

Value

 

Product Rights

 

$

223,022

 

 

$

70,701

 

 

$

152,321

 

 

$

167,906

 

 

$

63,141

 

 

$

104,765

 

Trademarks

 

 

27,541

 

 

 

4,233

 

 

 

23,308

 

 

 

18,041

 

 

 

3,411

 

 

 

14,630

 

Customer Lists

 

 

6,791

 

 

 

1,470

 

 

 

5,321

 

 

 

3,091

 

 

 

1,053

 

 

 

2,038

 

Goodwill

 

 

22,184

 

 

 

 

 

 

22,184

 

 

 

 

 

 

 

 

 

 

Total intangibles and goodwill

 

$

279,538

 

 

$

76,404

 

 

$

203,134

 

 

$

189,038

 

 

$

67,605

 

 

$

121,433

 

 

Schedule of Future Amortization Charges Related to Intangible Assets

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

 

Year ending December 31,

 

 

 

 

2018

 

$

10,732

 

2019

 

 

10,732

 

2020

 

 

10,784

 

2021

 

 

10,675

 

2022

 

 

10,554

 

Thereafter

 

 

127,473

 

 

 

$

180,950

 

 

Schedule of Company's Obligations under Acquisitions and Licensing Agreements

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

 

 

 

Amount

 

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

 

Additional obligations acquired

 

 

10,992

 

Adjustment to deferred liabilities

 

 

(223

)

Amortization of discounted liabilities

 

 

109

 

Payments on existing obligations

 

 

(26

)

Obligations under acquisition agreements at December 31, 2017

 

$

11,667