Goodwill and intangible assets consist of the following:


		March 31, 2026							December 31, 2025
(In thousands)	Weighted Amortizable Life (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Goodwill		$	596,029	$	—		$	596,029	$	83,027	$	—		$	83,027
Definite-lived intangible assets:
LUMRYZ	14	$	1,768,600	$	(11,651	)	$	1,756,949	$	—	$	—		$	—
Capitalized IP	12		1,000		(209	)		791		1,000		(185	)		815
Indefinite-lived intangible asset:
IPR&D			26,300		—			26,300		—		—			—
Total		$	1,795,900	$	(11,860	)	$	1,784,040	$	1,000	$	(185	)	$	815

Based on its most recent analysis, the Company expects to amortize approximately $79.8 million, $103.7 million, $125.5 million, $117.9 million and $115.6 million of its definite-lived intangible asset in the years ending December 31, 2026 through 2030, respectively. Although the Company believes such expectations are reasonable, given the inherent risks and uncertainties underlying its expectations regarding future revenues, there is the potential for the Company’s actual results to vary significantly from such expectations. If revenues are projected to change, the related amortization of the intangible assets will change in proportion to the change in revenues.

In connection with the Avadel Acquisition, the Company recorded the excess of the estimated fair value of the purchase price consideration over the fair value amounts assigned to the assets acquired and liabilities assumed as goodwill. For additional information related to the estimated purchase price consideration see Note 3, Business Combination in these “Notes to Condensed Consolidated Financial Statements”. A rollforward of the Company’s goodwill is as follows: