XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.22.4

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill In connection with our acquisition of Diurnal in November 2022, we recognized goodwill of $5.2 million for the excess consideration transferred over the net assets acquired, reflecting the expected revenue and cost synergies of the combined company and assembled workforce. The following table presents the changes in the carrying amount of goodwill.
(in millions) | Amount
Balance as of December 31, 2021 | $ | — |
Goodwill recognized in connection with business combination | 5.2 |
Foreign currency translation adjustments | 0.2 |
Balance as of December 31, 2022 | $ | 5.4 |
Intangible Assets The following table presents information relating to our recognized intangible assets as of December 31, 2022.
(dollars in millions) | Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed product rights | 10 years |  | $ | 34.3 |  |  | $ | 0.5 |  |  | $ | 33.8 |
Acquired IPR&D | Indefinite |  | $ | 3.4 |  |  | $ | — |  |  | 3.4 |
Total intangible assets, net |  |  |  |  |  |  | $ | 37.2 |
The following table presents the estimated annual amortization expense for our finite-lived intangible assets.
(in millions) | Amount
Year ending December 31, 2023 | $ | 3.5 |
Year ending December 31, 2024 | $ | 3.5 |
Year ending December 31, 2025 | $ | 3.5 |
Year ending December 31, 2026 | $ | 3.5 |
Year ending December 31, 2027 | $ | 3.5 |
Thereafter | $ | 16.3 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration