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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Taxes [Abstract]

Summary of company's benefit for income taxes

		Year Ended December 31,
		2015				2014				2013
Current-state		$	3,150			$	252			$	301
Federal			641,733				(77,986	)			74,713
State			205,426				(10,558	)			12,851
Deferred			847,159				(88,544	)			87,564
Total		$	850,309			($	88,292	)		$	87,865

Summary of reconciliation of the federal statutory rate

		Year Ended December 31,
		2015				2014				2013
Computed expected tax expense (benefit)		$	701,607			($	86,853	)		$	69,788
State income taxes, net of federal expense (benefit)			32,699				(6,968	)			8,482
Share-based compensation			(7,524	)			10,201				10,526
Research and development tax credit			(42,664	)			(19,405	)			(21,887	)
State income tax rate change, net of federal (1)			109,112				0				0
Other			57,079				14,733				20,956
Total income tax (benefit) expense		$	850,309			($	88,292	)		$	87,865

⁽¹⁾ This impact is due to the actual state tax rate in 2015 being lower than the expected state tax rate used in computing prior deferred taxes.

Schedule of deferred tax asset

		As of December 31,
		2015				2014
Product rights		$	91,344			$	130,036
Property, plant and equipment			(26,717	)			225,229
Federal and state tax credits			339,585				266,078
Federal net operating loss carryforward			39,241				464,998
State net operating loss carryforward			0				165,901
Interest rate swap			28,253				15,486
Prepaid expenses and other			(19,589	)			(6,925	)
Deferred tax asset		$	452,117			$	1,260,803

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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