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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of Estimated Useful Life of Property, Plant and Equipment |
Asset group |  | Term
Buildings and improvements |  | 15 - 40 years
Furniture, fixtures and equipment |  | 3 - 10 years
Leasehold improvements |  | Shorter of useful life or lease term
Schedule of Contract Assets and Contract Liabilities | Contract assets consisted of the following:
(In thousands) |  | Contract Assets |
Contract assets at January 1, 2022 |  | $ | 13,363 |
Additions |  |  | 42,218 |
Transferred to receivables, net |  |  | (46,652 | )
Contract assets at December 31, 2022 |  | $ | 8,929 |
Additions |  |  | 13,606 |
Transferred to receivables, net |  |  | (21,829 | )
Contract assets at December 31, 2023 |  | $ | 706 |
Contract liabilities consisted of the following:
(In thousands) |  | Contract Liabilities |
Contract liabilities at January 1, 2022 |  | $ | 17,830 |
Additions |  |  | 6,769 |
Amounts recognized into revenue |  |  | (7,514 | )
Amounts recognized into other (expense) income, net |  |  | (6,384 | )
Contract liabilities at December 31, 2022 |  | $ | 10,701 |
Reductions |  |  | (931 | )
Amounts recognized into revenue |  |  | (4,995 | )
Contract liabilities at December 31, 2023 |  | $ | 4,775 |
Schedule of Revenue and Receivables From Customers Exceeding 10% of Total in Each Category | The following represents revenue and receivables from the Company’s customers exceeding 10% of the total in each category as of, and for the years ended, December 31, 2023, 2022 and 2021:
|  | Year Ended December 31, |
|  | 2023 |  | 2022 |  | 2021 |
Customer |  | Receivables |  | Revenue |  | Receivables |  | Revenue |  | Receivables |  | Revenue |
Janssen |  | 23 | % | 31 | % | * |  | 15 | % | 30 | % | 30 | %
Biogen |  | 9 | % | 11 | % | 19 | % | 13 | % | 11 | % | 10 | %
Cardinal Health |  | 24 | % | 20 | % | 24 | % | 24 | % | 17 | % | 20 | %
AmerisourceBergen |  | 16 | % | 12 | % | 18 | % | 14 | % | 13 | % | 11 | %
McKesson |  | 14 | % | 14 | % | 12 | % | 16 | % | 11 | % | 13 | %
* |  | Indicates the revenues or receivables for the customer did not exceed 10% of the Company’s total in each category as of or for the years ended December 31, 2023, 2022 and 2021, as noted.
Schedule of Revenues by Geographic Location, as Determined by the Location of the Customer | Company revenues by geographic location for the years ended December 31, 2023, 2022 and 2021, as determined by the location of the customer, are as follows:
|  | Year Ended December 31, |
(In thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Revenue by region: |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,491,939 |  |  | $ | 931,991 |  |  | $ | 984,235 |
Ireland |  |  | 1,179 |  |  |  | 1,829 |  |  |  | 2,175 |
Rest of world |  |  | 170,287 |  |  |  | 177,975 |  |  |  | 187,341 |
Summary of Location of the Assets | The location of the Company’s assets are as follows:
|  | December 31, |
(In thousands) |  | 2023 |  |  | 2022 (1) |
Assets by region: |  |  |  |  |  |
Current assets: |  |  |  |  |  |
U.S.: |  |  |  |  |  |
Assets related to discontinued operations |  | $ | — |  |  | $ | 2,324 |
Other current assets |  |  | 867,588 |  |  |  | 700,240 |
Ireland: |  |  |  |  |  |
Assets held for sale |  | $ | 94,260 |  |  | $ | — |
Other current assets |  |  | 523,658 |  |  |  | 427,742 |
Rest of world |  |  | — |  |  |  | — |
Long-term assets: |  |  |  |  |  |
U.S.: |  |  |  |  |  |
Assets related to discontinued operations |  | $ | — |  |  | $ | 37,763 |
Other |  |  | 432,870 |  |  |  | 499,038 |
Ireland: |  |  |  |  |  |
Intangible assets |  | $ | 1,991 |  |  | $ | 37,680 |
Assets held for sale |  |  | — |  |  |  | 93,871 |
Goodwill |  |  | 83,027 |  |  |  | 83,027 |
Other |  |  | 132,829 |  |  |  | 82,293 |
(1) Prior period amounts have been retrospectively adjusted to reflect assets related to discontinued operations related to the Separation and assets held for sale related to the planned sale of the Athlone Facility.
Schedule of Fair Value of Each Stock Option Granted Estimated on The Grant Date Using Weighted-average Assumptions | The fair value of each stock option granted was estimated on the grant date with the following weighted-average assumptions:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Expected option term |  | 5 - 8 years |  | 5 - 8 years |  | 5 - 7 years
Expected stock volatility |  | 40 % - 44 % |  | 43 % - 51 % |  | 43 % - 54 %
Risk-free interest rate |  | 3.34 % - 4.75 % |  | 1.83 % - 4.26 % |  | 0.67 % - 1.46 %
Expected annual dividend yield |  | — |  | — |  | —

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