Intangible Assets, net (Tables)

3 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Reconciliation of the Activity Affecting Finite Lived Intangible Assets

A reconciliation of the activity affecting intangible assets, net is as follows:


(In thousands)	Indefinite- Lived Trademarks		Finite-Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2022	$	2,476,559	$	436,174	$	2,912,733

Additions	—		—		—


Effects of foreign currency exchange rates	(6,796)		(1,776)		(8,572)
Balance — June 30, 2022	2,469,763		434,398		2,904,161

Accumulated Amortization
Balance — March 31, 2022	—		216,098		216,098

Additions	—		5,635		5,635

Effects of foreign currency exchange rates	—		(183)		(183)
Balance — June 30, 2022	—		221,550		221,550

Intangible assets, net - June 30, 2022	$	2,469,763	$	212,848	$	2,682,611

On July 1, 2021, we completed the acquisition of certain assets from Akorn (see Note 2) and on December 15, 2021 our Australian subsidiary acquired the rights to the Zaditen brand in certain territories from Novartis Pharma AG. In connection with these acquisitions, we allocated $225.4 million to intangible assets for Akorn and $18.1 million for Zaditen.

Reconciliation of the Activity Affecting Indefinite Lived Intangible Assets

A reconciliation of the activity affecting intangible assets, net is as follows:


(In thousands)	Indefinite- Lived Trademarks		Finite-Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2022	$	2,476,559	$	436,174	$	2,912,733

Additions	—		—		—


Effects of foreign currency exchange rates	(6,796)		(1,776)		(8,572)
Balance — June 30, 2022	2,469,763		434,398		2,904,161

Accumulated Amortization
Balance — March 31, 2022	—		216,098		216,098

Additions	—		5,635		5,635

Effects of foreign currency exchange rates	—		(183)		(183)
Balance — June 30, 2022	—		221,550		221,550

Intangible assets, net - June 30, 2022	$	2,469,763	$	212,848	$	2,682,611

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Finite-lived intangible assets are expected to be amortized over their estimated useful life, which ranges from a period of 10 to 30 years, and the estimated amortization expense for each of the five succeeding years and the periods thereafter is as follows (in thousands):


(In thousands)
Year Ending March 31,	Amount
2023 (remaining nine months ended March 31, 2023)	$	16,865
2024	22,445
2025	20,392
2026	18,145
2027	16,504
Thereafter	118,497
	$	212,848