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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill and Intangible Assets | Goodwill and intangible assets consist of the following:
|  |  |  | June 30, 2026 |  |  | December 31, 2025 |
(In thousands) |  | Weighted Amortizable Life (Years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Goodwill |  |  |  | $ | 594,273 |  |  | $ | — |  |  | $ | 594,273 |  |  | $ | 83,027 |  |  | $ | — |  |  | $ | 83,027 |
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
LUMRYZ |  | 14 |  | $ | 1,768,600 |  |  | $ | (34,210 | ) |  | $ | 1,734,390 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Capitalized IP |  | 12 |  |  | 1,000 |  |  |  | (234 | ) |  |  | 766 |  |  |  | 1,000 |  |  |  | (185 | ) |  |  | 815 |
Indefinite-lived intangible asset: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IPR&D |  |  |  |  | 26,300 |  |  |  | — |  |  |  | 26,300 |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  |  |  | $ | 1,795,900 |  |  | $ | (34,444 | ) |  | $ | 1,761,456 |  |  | $ | 1,000 |  |  | $ | (185 | ) |  | $ | 815 |
Summary of Goodwill | A rollforward of the Company’s goodwill is as follows:
(In thousands) |  | Goodwill |
Goodwill at December 31, 2025 |  |  | 83,027 |
Additions in connection with the Avadel Acquisition |  |  | 511,246 |
Goodwill at June 30, 2026 |  |  | 594,273 |

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