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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2015
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

 

NOTE 14. INTANGIBLE ASSETS

 

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

 

 

 

June 30, 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

 

10.0

 

1,019,489

 

(24,325

)

995,164

 

 

 

 

CAMBIA product rights

 

8.5

 

51,360

 

(7,915

)

43,445

 

51,360

 

(5,347

)

46,013

 

Lazanda product rights

 

7.0

 

10,480

 

(2,232

)

8,248

 

10,480

 

(1,650

)

8,830

 

Zipsor product rights

 

6.8

 

27,250

 

(11,528

)

15,722

 

27,250

 

(9,732

)

17,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,108,579

 

(46,000

)

1,062,579

 

89,090

 

(16,729

)

72,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Based on finite-lived intangible assets recorded as of June 30, 2015, and assuming the underlying assets will not be impaired and that the Company 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

 

2015 (remainder)

 

$

54,038 

 

2016

 

108,100 

 

2017

 

108,100 

 

2018

 

108,100 

 

2019

 

108,100 

 

Thereafter

 

576,141 

 

 

 

 

 

Total

 

$

1,062,579