DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of assets and liabilities, and product revenue, cost of goods sold and selling, general and administrative costs of discontinued operations

Product revenue, cost of goods sold and selling, general and administrative costs related to the promotion and sales of the of Xclair®, Numoisyn® Liquid and Numoisyn® Lozenges have been reclassified from operating results from continuing operations to (loss) income from discontinued operations in the consolidated statement of operations for all periods presented as follows (in $000s):

	Three months ended March 31, 2012			Three months ended March 31, 2013			Period from August 13, 1996 (inception) to March 31, 2013
Product revenue	$	161		$	—		$	3,604
Cost of goods sold	(94		)	—			(2,045		)
Selling, general and administrative	(228		)	—			(9,295		)
Goodwill and intangible impairment	—			—			(5,187		)
Interest income	—			26			58
Interest expense	—			—			(110		)
Gain on termination of license agreement	—			—			1,192
(Loss) income from discontinued operations	(161		)	26			(11,783		)
Income tax expense	—			(10		)	(347		)
(Loss) income from discontinued operations, net of tax	$	(161	)	$	16		$	(12,130	)

The assets and liabilities associated with product promotion and sales have been classified within assets and liabilities of discontinued operations in the accompanying consolidated balance sheets (in $000s):

	December 31, 2012		March 31, 2013

Current assets of discontinued operations:
Short term portion of minimum royalty arrangement receivable, net	$	536	$	512
Returns indemnification receivable	325		323
Total current assets of discontinued operations	861		835
Long-term assets of discontinued operations:
Long-term portion of minimum royalty arrangement receivable, net	353		272
Total assets of discontinued operations	1,214		1,107

Current liabilities of discontinued operations:
Accounts payable	$	10	$	—
Returns provision	325		323
Total current liabilities of discontinued operations	$	335	$	323

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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