Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following table presents the Company’s intangible assets (in thousands):

	December 31, 2019
	Gross Carrying Value		Accumulated Amortization			ASC 842 Adjustment			Total		Estimated useful life
Acquired intangible assets:
Developed product rights for Auryxia	$	329,130	$	(37,918	)	$	—		$	291,212	9 Years
Favorable lease		545		(5	)		(540	)		-	N/A
Total	$	329,675	$	(37,923	)	$	(540	)	$	291,212

	December 31, 2018
	Gross Carrying Value		Accumulated Amortization			Total		Estimated useful life
Acquired intangible assets:
Developed product rights for Auryxia	$	329,130	$	(1,517	)	$	327,613	9 Years
Favorable lease		545		(5	)		540	4 years
Total	$	329,675	$	(1,522	)	$	328,153

Schedule of Estimated Future Amortization Expense for Intangible Assets

Estimated future amortization expense for the intangible asset as of December 31, 2019 is as follows

	Total
2020	$	36,402
2021		36,401
2022		36,402
2023		36,401
2024		36,402
Thereafter		109,204
	$	291,212

Schedule of Goodwill

Goodwill was $55.1 million as of December 31, 2019 and 2018, derived as follows (in thousands):

Total Merger consideration	$	527,754
Less: Fair value of identified acquired assets and liabilities, net		(472,701	)
Goodwill	$	55,053