Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Acquisitions

Schedule of acquisition date fair value of the assets acquired and liabilities assumed

Acquisition date fair value of the assets acquired and liabilities assumed included the following (in thousands):

	July 11, 2011
Tangible assets	$	592
Identifiable intangible assets(1)		7,100
Goodwill(2)		2,753
Total assets acquired	$	10,445
Current liabilities	$	1,588
Long-term liabilities		1,227
Total liabilities assumed	$	2,815

(1)

Consisted of a licensing arrangement to which Revivicor was a party. We were amortizing the related intangible asset over its estimated economic life of twenty years. However, in April 2012, Revivicor received a termination notice from the counterparty to the licensing arrangement. Accordingly, we recognized a corresponding impairment charge of $6.8 million during the quarter ended June 30, 2012 to write off the remaining net carrying value of the asset, which has been included within selling, general and administrative expenses on our consolidated statement of operations for the year ended December 31, 2012.

(2)

Goodwill is not deductible for tax purposes.