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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2014
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets

Note 7 - Goodwill and Other Intangible Assets

 

Goodwill

 

The changes in the carrying amounts of goodwill for the three months ended March 31, 2014 and 2013 were as following (in thousands):

 

   

Three Months Ended

March 31,

 
    2014     2013  
Beginning balance   $ 58,707     $ 33,141  
Currency translation adjustment     (86 )     -  
Ending balance   $ 58,621     $ 33,141  

 

Identifiable Intangible Assets

 

Identifiable intangible assets consisted of the following as of March 31, 2014 (in thousands):

 

    Gross Carrying Amount     Accumulated Amortization     Intangible
Assets, Net
 
Finite-lived intangible assets:                  
Proprietary adjuvant technology   $ 11,475     $ (383 )   $ 11,092  
Collaboration agreements     5,181       (355 )     4,826  
Total identifiable intangible assets   $ 16,656     $ (738 )   $ 15,918  

 

Amortization expense for the three months ended March 31, 2014 was $0.3 million.

 

Estimated amortization expense for existing intangible assets for the remainder of 2014 and for each of the five succeeding years ending December 31,will be as follows (in thousands):

 

Year   Amount  
2014 (remainder)   $ 830  
2015     1,107  
2016     1,107  
2017     1,107  
2018     1,107  
2019