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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2015
INTANGIBLE ASSETS.  
Summary of the gross carrying amounts and net book values of our intangible assets

        The gross carrying amounts and net book values of our intangible assets were as follows (in thousands):

                                                                                                                                                                                    

 

 

December 31, 2015

 

December 31, 2014

 

Amounts in thousands

 

Remaining
Useful Life
(In years)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net Book
Value

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net Book
Value

 

NUCYNTA product rights

 

 

9.5

 

$

1,019,977

 

$

(74,080

)

$

945,897

 

$

 

$

 

$

 

CAMBIA product rights

 

 

8.0

 

 

51,360

 

 

(10,483

)

 

40,877

 

 

51,360

 

 

(5,347

)

 

46,013

 

Lazanda product rights

 

 

6.6

 

 

10,480

 

 

(2,814

)

 

7,666

 

 

10,480

 

 

(1,650

)

 

8,830

 

Zipsor product rights

 

 

6.3

 

 

27,250

 

 

(12,696

)

 

14,554

 

 

27,250

 

 

(9,732

)

 

17,518

 

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$

1,109,067

 

$

(100,073

)

$

1,008,994

 

$

89,090

 

$

(16,729

)

$

72,361

 

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Summary of the future amortization expenses of intangible assets

        Based on finite-lived intangible assets recorded as of December 31, 2015, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows (in thousands):

                                                                                                                                                                                    

Year Ending December 31,

 

Estimated
Amortization
Expense

 

2016

 

$

108,147 

 

2017

 

 

108,147 

 

2018

 

 

108,147 

 

2019

 

 

108,147 

 

2020

 

 

108,147 

 

Thereafter

 

 

468,259 

 

​  

​  

Total

 

$

1,008,994 

 

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​