Investments in and Advances to Partially-Owned Affiliates

3 Months Ended

Mar. 31, 2014

Investments in and Advances to Partially-Owned Affiliates [Abstract]

Investments in and Advances to Partially-Owned Affiliates

(4)	Investments in and Advances to Partially-Owned Affiliates

Investments in and advances to partially-owned affiliates consists primarily of the Company’s equity interest in Zenara Pharma (“Zenara”). The Company recorded a loss of $346 and $438 for the three months ended March 31, 2014 and 2013, respectively, related to Zenara. These amounts include amortization expense of $208 and $238, for the three months ended March 31, 2014 and 2013, respectively. In the first three months of 2014 and 2013, the Company advanced $350 and $300 to Zenara, respectively.

In the first three months of 2014 and 2013, the Company advanced $122 and $141 to a European joint venture, respectively.

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

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