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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Summary of Significant Segment Expenses | The Company’s significant segment expenses are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
REVENUES: |  |  |  |  |  |  |  |  |  |  |  |
Total revenue |  | $ | 394,185 |  |  | $ | 378,143 |  |  | $ | 1,091,352 |  |  | $ | 1,127,646 |
EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods manufactured and sold (exclusive of amortization of acquired intangible assets shown below) |  |  | 51,591 |  |  |  | 63,099 |  |  |  | 150,248 |  |  |  | 183,215 |
External R&D expenses: |  |  |  |  |  |  |  |  |  |  |  |
Development programs: |  |  |  |  |  |  |  |  |  |  |  |
Alixorexton |  |  | 25,812 |  |  |  | 11,873 |  |  |  | 67,461 |  |  |  | 34,918 |
LYBALVI |  |  | 4,759 |  |  |  | 5,549 |  |  |  | 13,661 |  |  |  | 14,296 |
Other external R&D expenses |  |  | 12,648 |  |  |  | 8,552 |  |  |  | 34,210 |  |  |  | 27,358 |
Total external R&D expenses |  |  | 43,219 |  |  |  | 25,974 |  |  |  | 115,332 |  |  |  | 76,572 |
Internal R&D expenses: |  |  |  |  |  |  |  |  |  |  |  |
Employee-related |  |  | 30,862 |  |  |  | 26,844 |  |  |  | 92,867 |  |  |  | 87,624 |
Occupancy |  |  | 3,241 |  |  |  | 2,768 |  |  |  | 9,696 |  |  |  | 8,538 |
Depreciation |  |  | 1,405 |  |  |  | 1,440 |  |  |  | 4,346 |  |  |  | 4,243 |
Other internal R&D expenses |  |  | 3,012 |  |  |  | 2,866 |  |  |  | 8,685 |  |  |  | 10,175 |
Total internal R&D expenses |  |  | 38,520 |  |  |  | 33,918 |  |  |  | 115,594 |  |  |  | 110,580 |
R&D expenses |  |  | 81,739 |  |  |  | 59,892 |  |  |  | 230,926 |  |  |  | 187,152 |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing expense |  |  | 115,630 |  |  |  | 102,043 |  |  |  | 359,740 |  |  |  | 347,327 |
General and administrative expense |  |  | 56,143 |  |  |  | 48,339 |  |  |  | 154,586 |  |  |  | 150,917 |
Total selling, general and administrative expense |  |  | 171,773 |  |  |  | 150,382 |  |  |  | 514,326 |  |  |  | 498,244 |
Other segment income (expenses)(1) |  |  | (6,321 | ) |  |  | (11,975 | ) |  |  | (3,529 | ) |  |  | (32,634 | )
NET INCOME FROM CONTINUING OPERATIONS |  |  | 82,761 |  |  |  | 92,795 |  |  |  | 192,323 |  |  |  | 226,401 |
LOSS ON DISCONTINUED OPERATIONS, NET OF TAX |  |  | — |  |  |  | (414 | ) |  |  | — |  |  |  | (5,834 | )
NET INCOME |  | $ | 82,761 |  |  | $ | 92,381 |  |  | $ | 192,323 |  |  | $ | 220,567 |
1. “Other segment income (expenses)” during the three and nine months ended September 30, 2025 and 2024, includes “Amortization of acquired intangible assets”, “Other income, net” and “Income tax provision”.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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