Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Schedule Of Components Of Income Before Income Tax

The components of (loss) income before income taxes for the years ended twelve months ended December 31, are as follows:



(Loss) Income Before Income Taxes:	2018			2017			2016

Ireland	$	(42,604	)	$	(3,123	)	$	(22,866	)
United States	(70,340		)	92,754			32,786
France	(253		)	3,029			(19,638		)
Total (loss) income before income taxes	$	(113,197	)	$	92,660		$	(9,718	)

Schedule Of Income Tax Payments

The income tax provision consists of the following for the years ended December 31:



Income Tax (Benefit) Provision:	2018			2017		2016

Current:
United States - Federal	$	—		$	18,064	$	30,738
United States - State	330			331		1,081
France	—			265		5,267
Total current	330			18,660		37,086

Deferred:
United States - Federal	(19,503		)	4,686		(6,443		)
United States - State	1,280			1,043		(23		)
France	—			—		938
Total deferred	(18,223		)	5,729		(5,528		)

Income tax (benefit) provision	$	(17,893	)	$	24,389	$	31,558

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between Domestic income taxes at the statutory rate and the Company’s (benefit) provision for income taxes is as follows for the years ended December 31:



Reconciliation to Effective Income Tax Rate:	2018			2017			2016

Statutory tax rate	12.5		%	12.5		%	12.5		%
Differences in international tax rates	8.0		%	22.2		%	(31.9		)%
Nondeductible changes in fair value of contingent consideration	4.0		%	(11.6		)%	(165.0		)%
Income tax deferred charge	—		%	—		%	(9.7		)%
Change in valuation allowances	(5.3		)%	(0.7		)%	11.8		%
Nondeductible stock-based compensation	(1.3		)%	(0.4		)%	(14.8		)%
Cross border merger	—		%	0.3		%	(100.6		)%
Unrealized tax benefits	(1.3		)%	1.4		%	(15.2		)%
State and local taxes (net of federal)	(0.3		)%	0.3		%	(9.6		)%
Change in U.S. tax law	(0.2		)%	3.8		%	—		%
Nondeductible interest expense	(1.1		)%	—		%	—		%
Other	0.7		%	(1.5		)%	(2.3		)%
Effective income tax rate	15.7		%	26.3		%	(324.8		)%

Income tax (benefit) provision - at statutory tax rate	$	(14,149	)	$	11,582		$	(1,215	)
Differences in international tax rates	(9,039		)	20,557			3,097
Nondeductible changes in fair value of contingent consideration	(4,559		)	(10,779		)	16,036
Income tax deferred charge	—			—			938
Change in valuation allowances	5,998			(610		)	(1,143		)
Nondeductible stock-based compensation	1,499			(375		)	1,436
Cross-border merger	—			265			9,773
Unrecognized tax benefits	1,440			1,296			1,475
State and local taxes (net of federal)	299			252			934
Change in U.S. tax law	274			3,513			—
Nondeductible interest expense	1,269			—			—
Other	(925		)	(1,312		)	227
Income tax (benefit) provision - at effective income tax rate	$	(17,893	)	$	24,389		$	31,558

Summary of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits for the twelve months ended December 31:



Unrecognized Tax Benefit Activity	2018		2017		2016

Balance at January 1:	$	3,954	$	1,686	$	448
Additions based on tax positions related to the current year	1,087		2,268		1,578
Increases (decreases) for tax positions of prior years	274		—		(340		)
Balance at December 31:	$	5,315	$	3,954	$	1,686

Schedule of Deferred Tax Assets and Liabilities

The net deferred tax assets/liabilities at December 31, 2018 and 2017 resulted from the following temporary differences:



Net Deferred Tax Assets and Liabilities:	2018			2017

Deferred tax assets:
Net operating loss carryforwards	$	19,510		$	9,831
Amortization	20,642			7,563
Stock based compensation	4,587			4,375
Fair value royalty agreements	—			635
Fair value contingent consideration	384			870
Other	479			406
Gross deferred tax assets	45,602			23,680

Deferred tax liabilities:
Amortization	(308		)	(2,419		)
Accounts receivable	(661		)	(936		)
Prepaid expenses	(405		)	(1,094		)
Gross deferred tax liabilities	(1,374		)	(4,449		)

Less: valuation allowances	(21,199		)	(15,354		)

Net deferred tax assets	$	23,029		$	3,877