Rendering

Component: (Network and Table)
Network
2305301 - Disclosure - Goodwill and Other Intangible Assets (Tables)
(http://www.akorn.com/role/GoodwillAndOtherIntangibleAssetsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000003116 (http://www.sec.gov/CIK)
Goodwill and Intangible Assets Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Goodwill and Intangible Assets Disclosure [Abstract]
 
Schedule of Goodwill
Changes in goodwill during the two years ended December 31, 2016 were as follows (in thousands):
 
 
Goodwill
December 31, 2014
$
285,283

Acquisitions and other adjustments
—

Impairments
—

Dispositions
—

Foreign currency translation
(573
)
December 31, 2015
$
284,710

Acquisitions and other adjustments
$
—

Impairments
—

Dispositions
$
—

Foreign currency translation
(417
)
December 31, 2016
$
284,293

  
Schedule of Finite-Lived Intangible Assets
The following table sets forth the major categories of the Company’s intangible assets and the weighted-average remaining amortization period as of December 31, 2016 for those assets that are not already fully amortized (dollar amounts in thousands):
 
 
Gross Carrying Amount
 
Accumulated
Amortization
 
Reclassifications
 
Impairment (1)
 
Net
Carrying
Amount
 
Weighted Average
Remaining Amortization
Period (years)
Product licensing rights
$
790,143

 
$
(182,901
)
 
$
9,400

 
$
(52,637
)
 
$
564,005

 
10.5
IPR&D
187,007

 
—

 
(9,400
)
 
(3,850
)
 
173,757

 
N/A - Indefinite lived
Trademarks
16,000

 
(4,244
)
 
—

 
—

 
11,756

 
18.0
Customer relationships
6,290

 
(3,863
)
 
—

 
—

 
2,427

 
9.3
Other intangibles
11,235

 
(4,326
)
 
—

 
—

 
6,909

 
6.0
 
$
1,010,675

 
$
(195,334
)
 
$
—

 
(56,487
)
 
758,854

 
 
 
(1)  Impairment of product licensing rights is stated at gross carrying cost of $52.6 million less accumulated amortization of $12.1 million as of the impairment date. Accordingly, the net impairment expense recognized in product licensing rights was $40.5 million as of and for the year ended December 31, 2016.

  
Schedule Of Changes of Finite Lived Intangible Assets
Changes in intangible assets during the two years ended December 31, 2016 and 2015, were as follows (in thousands):
 
 
Product
licensing
rights
 
IPR&D
 
Trademarks
 
Customer
relationships
 
Other
intangibles
 
Non-compete
agreements
December 31, 2014
$
704,791

 
$
227,259

 
$
14,279

 
$
3,035

 
$
10,356

 
$
683

Acquisitions
3,535

 
300

 
—

 
—

 
—

 
—

Amortization
(62,323
)
 
—

 
(1,261
)
 
(381
)
 
(1,721
)
 
(586
)
Impairments
(30,376
)
 
(2,627
)
 
—

 
—

 
—

 
—

Foreign currency translation
—

 
—

 
—

 
123

 
—

 
(97
)
Reclassifications
38,000

 
(38,000
)
 
—

 
—

 
—

 
—

December 31, 2015
$
653,627

 
$
186,932

 
$
13,018

 
$
2,777

 
$
8,635

 
$
—

Acquisitions
3,872

 
75

 
—

 
—

 
—

 
—

Amortization
(62,375
)
 
—

 
(1,262
)
 
(350
)
 
(1,726
)
 
—

Impairments
(40,519
)
 
(3,850
)
 
—

 
—

 
—

 
—

Dispositions
—

 
—

 
—

 
—

 
—

 
—

Foreign currency translation
—

 
—

 
—

 
—

 
—

 
—

Reclassifications
9,400

 
(9,400
)
 
—

 
—

 
—

 
—

December 31, 2016
$
564,005

 
$
173,757

 
$
11,756

 
$
2,427

 
$
6,909

 
$
—

  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The amortization expense of acquired intangible assets for each of the following five years are expected to be as follows (in thousands):
 
Year ending December 31,
 
Amortization Expense
2017
 
$
62,206

2018
 
61,984

2019
 
59,157

2020
 
51,376

2021
 
51,376