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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 8. GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets consisted of the following:
|  |  |  | September 30, 2022 |
(In thousands) |  | Weighted Amortizable Life (Years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Goodwill |  |  |  | $ | 92,873 |  |  | $ | — |  |  | $ | 92,873 |
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Collaboration agreements |  | 12 |  | $ | 465,590 |  |  | $ | (428,609 | ) |  | $ | 36,981 |
Capitalized IP |  | 11-13 |  |  | 118,160 |  |  |  | (108,296 | ) |  |  | 9,864 |
Total |  |  |  | $ | 583,750 |  |  | $ | (536,905 | ) |  | $ | 46,845 |
Based on the Company’s most recent analysis, amortization of intangible assets included in the accompanying condensed consolidated balance sheet at September 30, 2022 is expected to be approximately $35.0 million, $35.0 million and $1.0 million in the years ending December 31, 2022 through 2024, respectively. Although the Company believes that such analysis, and the available information and assumptions underlying such analysis, are reasonable, given the inherent risks and uncertainties underlying its expectations regarding such future revenues, there is the potential for the Company’s actual results to vary significantly from such expectations. If revenues are projected to change, the related amortization of the intangible assets will change in proportion to the change in revenues. In October 2022, the Company determined that an impairment-triggering event occurred as a result of the arbitration with Acorda, referenced in Note 3, Revenue from Contracts with Customers, within the “Notes to Condensed Consolidated Financial Statements” in this Form 10-Q, and evaluated certain of its intangible assets for impairment under a held-and-used model. The Company concluded that the long-lived assets evaluated for impairment were recoverable based on an analysis of the undiscounted cash flows to be generated from the use of these assets.

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- 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
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