| Goodwill and Intangible Assets |
Note 9. Goodwill and Intangible Assets The table below shows the weighted-average life, original cost, accumulated amortization, and net book value by major intangible asset classification: | | | | | | | | | | | | | | Weighted-Average | | | | | Accumulated | | | | | | Life (Years) | | Original Cost | | Amortization | | Net Book Value | | | | (in thousands) | Definite-lived intangible assets | | | | | | | | | | | | BAQSIMI® product rights(1) | | 24 | | $ | 685,836 | | $ | 73,917 | | $ | 611,919 | Land-use rights | | 39 | | | 2,540 | | | 980 | | | 1,560 | Other intangibles | | 7 | | | 2,443 | | | 625 | | | 1,818 | Subtotal | | 23 | | | 690,819 | | | 75,522 | | | 615,297 | Indefinite-lived intangible assets | | | | | | | | | | | | Trademark | | * | | | 29,225 | | | — | | | 29,225 | Goodwill | | * | | | 3,311 | | | — | | | 3,311 | Subtotal | | * | | | 32,536 | | | — | | | 32,536 | As of June 30, 2026 | | * | | $ | 723,355 | | $ | 75,522 | | $ | 647,833 |
| | | | | | | | | | | | | | Weighted-Average | | | | | Accumulated | | | | | | Life (Years) | | Original Cost | | Amortization | | Net Book Value | | | | (in thousands) | Definite-lived intangible assets | | | | | | | | | | | | BAQSIMI® product rights | | 24 | | $ | 591,338 | | $ | 61,597 | | $ | 529,741 | Land-use rights | | 39 | | | 2,540 | | | 947 | | | 1,593 | Other intangibles | | 7 | | | 2,443 | | | 439 | | | 2,004 | Subtotal | | 24 | | | 596,321 | | | 62,983 | | | 533,338 | Indefinite-lived intangible assets | | | | | | | | | | | | Trademark | | * | | | 29,225 | | | — | | | 29,225 | Goodwill | | * | | | 3,402 | | | — | | | 3,402 | Subtotal | | * | | | 32,627 | | | — | | | 32,627 | As of December 31, 2025 | | * | | $ | 628,948 | | $ | 62,983 | | $ | 565,965 |
* Intangible assets with indefinite lives have an indeterminable average life. | (1) | Includes $94.5 million recorded in June 2026, upon triggering BAQSIMI® net sales milestone (see Note 17). |
Goodwill The changes in the carrying amounts of goodwill are as follows: | | | | | | | | | June 30, | | December 31, | | | 2026 | | 2025 | | | | (in thousands) | Beginning balance | | $ | 3,402 | | $ | 3,049 | Currency translation | | | (91) | | | 353 | Ending balance | | $ | 3,311 | | $ | 3,402 |
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