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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Summary of Significant Segment Expenses

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”.