v3.26.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill and Intangible Assets

Goodwill and intangible assets consist of the following:

 

 

 

 

 

September 30, 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

 

 

 

$

592,519

 

 

$

—

 

 

$

592,519

 

 

$

83,027

 

 

$

—

 

 

$

83,027

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LUMRYZ

 

14

 

$

1,768,600

 

 

$

(53,883

)

 

$

1,714,717

 

 

$

—

 

 

$

—

 

 

$

—

 

Capitalized IP

 

12

 

 

1,000

 

 

 

(259

)

 

 

741

 

 

 

1,000

 

 

 

(185

)

 

 

815

 

Indefinite-lived intangible asset:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IPR&D

 

 

 

 

26,300

 

 

 

—

 

 

 

26,300

 

 

 

—

 

 

 

—

 

 

 

—

 

Total

 

 

 

$

1,795,900

 

 

$

(54,142

)

 

$

1,741,758

 

 

$

1,000

 

 

$

(185

)

 

$

815

 
Schedule of Expected Amortization Expense

Based on its most recent analysis, the Company expects to amortize the following amounts:

 

Year Ending December 31,

 

(In thousands)

 

2026

 

$

20,788

 

2027

 

 

83,716

 

2028

 

 

112,693

 

2029

 

 

122,300

 

2030

 

 

128,619

 

Thereafter

 

 

1,247,342

 

Total remaining amortization expense

 

$

1,715,458

 
Summary of Goodwill A rollforward of the Company’s goodwill is as follows:

 

(In thousands)

 

Goodwill

 

Goodwill at December 31, 2025

 

$

83,027

 

Additions in connection with the Avadel Acquisition

 

 

509,492

 

Goodwill at September 30, 2026

 

$

592,519