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Segment Reporting | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Reporting | 15. SEGMENT REPORTING Segment Information Following the adoption of ASU 2023-07, the Company is required to disclose significant segment expenses that are regularly provided to the CODM. The Company’s CODM is periodically provided R&D expenses, selling and marketing expenses, and general and administrative expenses. Other external R&D expenses are composed of general research and development expenses and other external projects. Other internal R&D expenses include allocation expenses, travel expenses, and fees, taxes and dues. The Company’s significant segment expenses are as follows:
|  | Three Months Ended |
|  | March 31, |
(In thousands) |  | 2025 |  |  | 2024 |
REVENUES: |  |  |  |  |  |
Total revenue |  | $ | 306,510 |  |  | $ | 350,372 |
EXPENSES: |  |  |  |  |  |
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) |  |  | 49,197 |  |  |  | 58,644 |
External R&D expenses: |  |  |  |  |  |
Development programs: |  |  |  |  |  |
ALKS 2680 |  |  | 17,854 |  |  |  | 10,456 |
LYBALVI |  |  | 3,852 |  |  |  | 5,041 |
Other external R&D expenses |  |  | 10,973 |  |  |  | 8,789 |
Total external R&D expenses |  |  | 32,679 |  |  |  | 24,286 |
Internal R&D expenses: |  |  |  |  |  |
Employee-related |  |  | 31,354 |  |  |  | 34,545 |
Occupancy |  |  | 3,148 |  |  |  | 3,048 |
Depreciation |  |  | 1,467 |  |  |  | 1,428 |
Other internal R&D expenses |  |  | 3,169 |  |  |  | 4,304 |
Total internal R&D expenses |  |  | 39,138 |  |  |  | 43,325 |
R&D expenses |  |  | 71,817 |  |  |  | 67,611 |
Selling, general and administrative expenses: |  |  |  |  |  |
Selling and marketing expense |  |  | 122,934 |  |  |  | 125,617 |
General and administrative expense |  |  | 48,770 |  |  |  | 54,132 |
Total selling, general and administrative expense |  |  | 171,704 |  |  |  | 179,749 |
Other segment income (expenses)(1) |  |  | 8,672 |  |  |  | (5,420 | )
NET INCOME FROM CONTINUING OPERATIONS |  |  | 22,464 |  |  |  | 38,948 |
LOSS ON DISCONTINUED OPERATIONS, NET OF TAX |  |  | — |  |  |  | (2,120 | )
NET INCOME |  | $ | 22,464 |  |  | $ | 36,828 |
1. “Other segment income (expenses)” during the three months ended March 31, 2025 and 2024, includes “Amortization of acquired intangible assets”, “Other income, net” and “Income tax provision”.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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