Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Components of amounts reflected in Loss from discontinued operations are as follows:

	Eight Months Ended August 31,		Year Ended December 31,
(in thousands)	2020		2019		2018
Revenues
Product revenue, net	$	29,479	$	55,093	$	80,796
Royalty rights - change in fair value	(8,804)		(31,042)		85,287
Total revenues	20,675		24,051		166,083
Operating expenses
Cost of product revenue (excluding intangible asset amortization and impairment)	17,576		36,343		34,906
Amortization of intangible assets	389		5,016		14,536
General and administrative	6,105		7,264		11,720
Sales and marketing	257		1,675		10,800
Research and development	—		(41)		196
Impairment of intangible assets	—		22,490		152,330
Change in fair value of anniversary payment and contingent consideration	—		—		(42,000)
Total operating expenses	24,327		72,747		182,488
Operating loss from discontinued operations	(3,652)		(48,696)		(16,405)
Non-operating (expense) income, net
Equity affiliate - change in fair value	(25,365)		36,402		—
Loss on classification as held for sale	(28,904)		—		—
Total non-operating (expense) income, net	(54,269)		36,402		—
Loss from discontinued operations before income taxes	(57,921)		(12,294)		(16,405)
Income tax (benefit) expense from discontinued operations	(23,006)		1,303		19,689
Loss from discontinued operations	$	(34,915)	$	(13,597)	$	(36,094)

The carrying amounts of the major classes of assets reported as “Assets held for sale” on the Company’s Consolidated Balance Sheet consisted of the following:

(in thousands)	December 31, 2019
Cash and cash equivalents	$	24,469
Accounts receivable, net	6,993
Inventory	31,712
Prepaid and other current assets	7,192
Property and equipment, net	2,960
Royalty rights - at fair value	266,196
Investment in equity affiliate	82,267
Intangible assets, net	10,112
Other assets	15,956
Total assets held for sale	$	447,857

The carrying amounts of the major classes of liabilities reported as “Liabilities held for sale” on the Company’s Consolidated Balance Sheet consisted of the following:

(in thousands)	December 31, 2019
Accounts payable	$	14,695
Accrued liabilities	16,400
Other long-term liabilities	120
Total liabilities held for sale	$	31,215