Schedule of components of intangible assets |
The components of definite-lived intangible assets and indefinite-lived intangible assets, other than goodwill, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | Remaining Weighted Average Amortization Period(1) | (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Definite-Lived Intangible Assets: | | | | | | | | | Acquired ANDAs intangible assets | $ | 210,620 | | $ | (130,895) | | $ | 79,725 | | | $ | 210,497 | | $ | (124,874) | | $ | 85,623 | | 4.2 years | NDAs and product rights | 658,521 | | (229,980) | | 428,541 | | | 641,271 | | (216,420) | | 424,851 | | 10.8 years | Marketing and distribution rights | 17,157 | | (15,474) | | 1,683 | | | 17,157 | | (15,233) | | 1,924 | | 1.8 years | Customer relationships | 24,900 | | (12,154) | | 12,746 | | | 24,900 | | (11,264) | | 13,636 | | 3.6 years | Total Definite-Lived Intangible Assets | 911,198 | | (388,503) | | 522,695 | | | 893,825 | | (367,791) | | 526,034 | | 9.6 years | Indefinite-Lived Intangible Assets: | | | | | | | | | In process research and development | 15,800 | | — | | 15,800 | | | 15,800 | | — | | 15,800 | | Indefinite | Total Intangible Assets, net | $ | 926,998 | | $ | (388,503) | | $ | 538,495 | | | $ | 909,625 | | $ | (367,791) | | $ | 541,834 | | |
(1)Weighted average amortization period as of March 31, 2025.
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Schedule of expected future amortization expense for definite-lived intangible assets |
Expected future amortization expense for definite-lived intangible assets is as follows: | | | | | | (in thousands) | | 2025 (remainder of the year) | $ | 60,306 | | 2026 | 67,532 | | 2027 | 58,565 | | 2028 | 52,574 | | 2029 | 46,348 | | 2030 and thereafter | 237,370 | | Total | $ | 522,695 | |
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