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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2024

Note 10. 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	$	591,338	$	30,799	$	560,539
Patents	15		193		92		101
Land-use rights	39		2,540		865		1,675
Subtotal	24		594,071		31,756		562,315
Indefinite-lived intangible assets
Trademark	*		29,225		—		29,225
Goodwill - Finished pharmaceutical products	*		3,256		—		3,256
Subtotal	*		32,481		—		32,481
As of September 30, 2024	*	$	626,552	$	31,756	$	594,796


	Weighted-Average			Accumulated
	Life (Years)	Original Cost		Amortization		Net Book Value

	(in thousands)
Definite-lived intangible assets
BAQSIMI^®product rights⁽¹⁾	24	$	591,338	$	12,319	$	579,019
Patents	12		486		376		110
Land-use rights	39		2,540		815		1,725
Subtotal	24		594,364		13,510		580,854
Indefinite-lived intangible assets
Trademark	*		29,225		—		29,225
Goodwill - Finished pharmaceutical products	*		3,216		—		3,216
Subtotal	*		32,441		—		32,441
As of December 31, 2023	*	$	626,805	$	13,510	$	613,295

^* Intangible assets with indefinite lives have an indeterminable average life.

⁽¹⁾	See Note 3.

Goodwill

The changes in the carrying amounts of goodwill are as follows:


	September 30,		December 31,
	2024		2023

	(in thousands)
Beginning balance	$	3,216	$	3,126
Currency translation		40		90
Ending balance	$	3,256	$	3,216