v3.26.1
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of financial information by reportable segments
Financial information by reportable segment is as follows:
Three Months Ended March 31, 2026
(in thousands)Generics and OtherRare Disease and BrandsCorporate and UnallocatedTotal
Net Revenues$109,220$128,242$— $237,462 
Cost of sales (excluding depreciation and amortization)59,592 33,990 — 93,582 
Research and Development expense7,789 2,811 — 10,600 
Selling, general, and administrative expense1,522 55,188 16,945 73,655 
Depreciation and amortization— — 20,919 20,919 
Contingent consideration fair value adjustment— — (182)(182)
Operating Income (Loss) $40,317 $36,253 $(37,682)$38,888 
Unrealized gain on investment in equity securities$— $— $5,753 $5,753 
Interest expense, net— — (3,769)(3,769)
Other expense, net— — (651)(651)
Income (Loss) Before Income Tax Expense$40,317 $36,253 $(36,349)$40,221 

Three Months Ended March 31, 2025
(in thousands)Generics and OtherRare Disease and BrandsCorporate and UnallocatedTotal
Net Revenues$103,040$94,082$— $197,122 
Cost of sales (excluding depreciation and amortization)46,501 26,536 — 73,037 
Research and Development expense6,588 3,976 — 10,564 
Selling, general, and administrative expense1,408 42,436 32,684 76,528 
Depreciation and amortization— — 22,891 22,891 
Contingent consideration fair value adjustment— — (12,092)(12,092)
Operating (Loss) Income$48,543$21,134$(43,483)$26,194
Unrealized loss on investment in equity securities$— $— $(921)$(921)
Interest expense, net— — (5,484)(5,484)
Other income, net— — 198 198 
Income (Loss) Before Income Tax Expense$48,543$21,134$(49,690)$19,987