Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets, Net

Schedule of goodwill balance

Our goodwill balance consisted of the following (in thousands):

Balance at January 1, 2014	$	—
Goodwill acquired through Lumara Health acquisition		205,824
Balance as of December 31, 2014		205,824
Goodwill acquired through CBR acquisition		441,075
Measurement period adjustments related to Lumara Health acquisition		(7,711)
Balance as of December 31, 2015	$	639,188

Schedule of identifiable intangible assets

As of December 31, 2015 and 2014, our identifiable intangible assets consisted of the following (in thousands):

		December 31, 2015					December 31, 2014
			Accumulated						Accumulated
	Cost		Amortization		Net		Cost		Amortization		Net
Amortizable intangible assets:
Makena Base Technology	$	797,100	$	56,540	$	740,560	$	797,100	$	4,834	$	792,266
CBR customer relationships		297,000		1,061		295,939		—		—		—
Favorable lease		358		63		295		—		—		—
MuGard Rights		16,893		1,016		15,877		16,893		351		16,542
		1,111,351		58,680		1,052,671		813,993		5,185		808,808
Indefinite-lived intangible assets:
Makena IPR&D		79,100		—		79,100		79,100		—		79,100
CBR trade names and trademarks		65,000		—		65,000		—		—		—
Total intangible assets	$	1,255,451	$	58,680	$	1,196,771	$	893,093	$	5,185	$	887,908

Schedule of expected future annual amortization expense related to intangible assets

We expect amortization expense related to our finite-lived intangible assets to be as follows (in thousands):

	Estimated
	Amortization
Period	Expense
Year Ending December 31, 2016	$	77,704
Year Ending December 31, 2017		92,816
Year Ending December 31, 2018		100,251
Year Ending December 31, 2019		71,467
Year Ending December 31, 2020		48,890
Thereafter		661,543
Total	$	1,052,671