v3.25.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
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, 2025December 31, 2024Remaining 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 rights658,521 (229,980)428,541 641,271 (216,420)424,851 10.8 years
Marketing and distribution rights17,157 (15,474)1,683 17,157 (15,233)1,924 1.8 years
Customer relationships24,900 (12,154)12,746 24,900 (11,264)13,636 3.6 years
Total Definite-Lived Intangible Assets911,198 (388,503)522,695 893,825 (367,791)526,034 9.6 years
Indefinite-Lived Intangible Assets:
In process research and development15,800 — 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.
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 
202667,532 
202758,565 
202852,574 
202946,348 
2030 and thereafter237,370 
Total$522,695