XML 88 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2014
Dec. 31, 2013
Sep. 28, 2012
Successor [Member]        
Revenues:        
Net product sales $ 237,338us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
$ 1,278,106us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
$ 1,062,453us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other product related revenues 8,801us-gaap_OtherSalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
30,515us-gaap_OtherSalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
35,014us-gaap_OtherSalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total revenues 246,139us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,308,621us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,097,467us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cost of goods sold, excluding amortization expense 157,893prx_CostOfGoodsSoldExcludingCostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
643,851prx_CostOfGoodsSoldExcludingCostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
595,166prx_CostOfGoodsSoldExcludingCostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Amortization expense 42,801us-gaap_CostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
185,655us-gaap_CostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
184,258us-gaap_CostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total cost of goods sold 200,694us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
829,506us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
779,424us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Gross margin 45,445us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
479,115us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
318,043us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Operating expenses:        
Research and development 19,383us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
119,095us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
100,763us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Selling, general and administrative 45,525us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
181,136us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
155,164us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Intangible asset impairment 0us-gaap_ImpairmentOfIntangibleAssetsFinitelived
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
146,934us-gaap_ImpairmentOfIntangibleAssetsFinitelived
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
100,093us-gaap_ImpairmentOfIntangibleAssetsFinitelived
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Settlements and loss contingencies, net 10,059us-gaap_GainLossRelatedToLitigationSettlement
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
90,107us-gaap_GainLossRelatedToLitigationSettlement
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
25,650us-gaap_GainLossRelatedToLitigationSettlement
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Restructuring costs 241us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
5,413us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,816us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total operating expenses 75,208us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
542,685us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
383,486us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Loss on sale of product rights   (3,042)prx_Gainlossonsaleofproductrightsandother
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
0prx_Gainlossonsaleofproductrightsandother
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Operating (loss) income (29,763)us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(66,612)us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(65,443)us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Gain on marketable securities and other investments, net 0us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
0us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
1,122us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Gain on bargain purchase 5,500us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Interest income 50us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
18us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
87us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Interest expense (25,985)us-gaap_InterestExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(108,427)us-gaap_InterestExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(95,484)us-gaap_InterestExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Loss on debt extinguishment 0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(3,989)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(7,335)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other income 0us-gaap_OtherOperatingIncomeExpenseNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
500us-gaap_OtherOperatingIncomeExpenseNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
0us-gaap_OtherOperatingIncomeExpenseNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
(Loss) income before (benefit) provision for income taxes (50,198)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(178,510)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(167,053)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
(Benefit) provision for income taxes (17,653)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(72,993)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(61,182)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net (loss) income (32,545)us-gaap_IncomeLossFromContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(105,517)us-gaap_IncomeLossFromContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
(105,871)us-gaap_IncomeLossFromContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Predecessor [Member]        
Revenues:        
Net product sales       780,797us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other product related revenues       23,071us-gaap_OtherSalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total revenues       803,868us-gaap_Revenues
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cost of goods sold, excluding amortization expense       431,174prx_CostOfGoodsSoldExcludingCostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Amortization expense       30,344us-gaap_CostOfGoodsSoldAmortization
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total cost of goods sold       461,518us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Gross margin       342,350us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Operating expenses:        
Research and development       66,606us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Selling, general and administrative       165,604us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Intangible asset impairment       5,700us-gaap_ImpairmentOfIntangibleAssetsFinitelived
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Settlements and loss contingencies, net       45,000us-gaap_GainLossRelatedToLitigationSettlement
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Restructuring costs       0us-gaap_RestructuringCosts
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total operating expenses       282,910us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Operating (loss) income       59,440us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Gain on marketable securities and other investments, net       0us-gaap_RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Gain on bargain purchase       0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Interest income       424us-gaap_InvestmentIncomeInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Interest expense       (9,159)us-gaap_InterestExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Loss on debt extinguishment       0us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other income       0us-gaap_OtherOperatingIncomeExpenseNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(Loss) income before (benefit) provision for income taxes       50,705us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(Benefit) provision for income taxes       29,530us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net (loss) income       $ 21,175us-gaap_IncomeLossFromContinuingOperations
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember