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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities:      
Net income (loss) $ 126,540 $ 123,335 $ 75,951
(Gain) loss from discontinued operations, net of income tax benefit (19,583) 27,048 18,795
Income from continuing operations 106,957 150,383 94,746
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 32,609 28,069 27,886
Defined Benefit Plan Amortization Of Prior Service Cost Credit 2,797 0 0
Gain on sale of product rights 0 0 (350)
Gain on sale of Medicis Pediatrics 0 0 (2,915)
Adjustment to impairment of available-for-sale investments 0 260 (33)
Charge reducing value of investment in Revance 0 0 2,886
Gain on sale of available-for-sale investments, net 107 909 (1,576)
Unrealized gain on supplemental executive retirement plan investments (49) 0 0
Share-based compensation expense 23,466 16,273 17,997
Deferred income tax benefit (9,160) 12,169 (8,749)
Tax expense from exercise of stock options and vesting of restricted stock awards 2,225 (185) (925)
Excess tax benefits from share-based payment arrangements (3,330) (462) (241)
Increase Decrease Provision For Sales Discounts And Chargebacks 2,206 1,133 1,129
Accretion (amortization) of premium/(discount) on investments 3,514 3,249 3,273
Impairment of intangible assets 16,509 2,293 0
Changes in operating assets and liabilities:      
Accounts receivable (64,593) (36,944) (43,715)
Inventories 4,133 (12,509) (893)
Other current assets (4,890) 1,010 3,076
Accounts payable 13,079 (623) 5,362
Reserve for sales returns (668) 12,630 (11,549)
Income taxes payable (4,628) (11,168) 16,679
Other current liabilities (8,212) 2,381 18,041
Other liabilities 6,143 (4,835) (6,019)
Accrued consumer rebate and loyalty programs 38,270 28,367 44,863
Managed care and Medicaid reserves 23,426 2,297 30,122
Net cash provided by operating activities from continuing operations 179,911 194,697 189,095
Net Cash Used In Operating Activities From Discontinued Operations (7,787) (12,372) (10,961)
Net cash provided by operating activities 172,124 182,325 178,134
Investing Activities:      
Purchase of property and equipment (6,179) (7,309) (4,309)
Equity investment in an unconsolidated entity (2,900) 0 (616)
Purchase of assets of Graceway (455,930) 0 0
Payments for purchase of product rights (12,989) 568 (88,861)
Proceeds from sale of product rights 0 0 350
Proceeds from sale of subsidiary 35,531 0 70,294
Purchase of investments for supplemental executive retirement plan (9,840) 0 0
Purchase of available-for-sale investments (691,170) (498,138) (414,527)
Sale of available-for-sale investments 571,565 205,364 131,914
Maturity of available-for-sale investments 337,902 128,683 244,553
Net cash provided by (used in) investing activities from continuing operations (234,010) (170,832) (61,202)
Net cash used in investing activities from discontinued operations 0 (1,458) (1,030)
Net cash provided by (used in) investing activities (234,010) (172,290) (62,232)
Financing Activities      
Payment of dividends (18,608) (13,210) (9,411)
Payments for the repurchase of common stock (150,086) 0 0
Withholding of common shares for tax obligations on vested restricted stock awards (6,543) (3,440) (883)
Excess tax benefits from share based payment arrangements 3,330 462 241
Proceeds from exercise of stock options 58,215 16,322 16,123
Net cash provided by (used in) financing activities (113,692) 134 6,070
Effect Of Exchange Rate On Cash And Cash Equivalents 39 252 (11)
Net increase (decrease) in cash and cash equivalents (175,539) 10,421 121,961
Cash and cash equivalents at beginning of period 218,362 207,941 85,980
Cash and cash equivalents at end of period $ 42,823 $ 218,362 $ 207,941