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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of components of intangible assets | The components of net definite-lived intangible assets and net indefinite-lived intangible assets other than goodwill are as follows:
| December 31, 2023 |  | December 31, 2022 | Weighted Average Amortization Period(1)
(in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount |  | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
Definite-Lived Intangible Assets: |  |  |  |  |  |
Acquired ANDA intangible assets | $ | 209,780 |  | $ | (100,660) |  | $ | 109,120 |  |  | $ | 195,862 |  | $ | (75,606) |  | $ | 120,256 |  | 5.2 years
NDAs and product rights | 244,871 |  | (184,861) |  | 60,010 |  |  | 242,372 |  | (162,188) |  | 80,184 |  | 3.1 years
Marketing and distribution rights | 17,157 |  | (14,271) |  | 2,886 |  |  | 17,157 |  | (13,309) |  | 3,848 |  | 3.0 years
Non-compete agreement | 624 |  | (624) |  | — |  |  | 624 |  | (602) |  | 22 |  | - years
Customer relationships | 24,900 |  | (7,707) |  | 17,193 |  |  | 24,900 |  | (4,150) |  | 20,750 |  | 4.8 years
Total Definite-Lived Intangible Assets | 497,332 |  | (308,123) |  | 189,209 |  |  | 480,915 |  | (255,855) |  | 225,060 |  | 4.5 years
Indefinite-Lived Intangible Assets: |  |  |  |  |  |
In process research and development | 19,800 |  | — |  | 19,800 |  |  | 26,575 |  | — |  | 26,575 |  | Indefinite
Total Intangible Assets, net | $ | 517,132 |  | $ | (308,123) |  | $ | 209,009 |  |  | $ | 507,490 |  | $ | (255,855) |  | $ | 251,635 |  |
(1) Weighted average amortization period as of December 31, 2023.
Schedule of expected future amortization expense | Expected future amortization expense is as follows for the years ending December 31:
(in thousands) |
2024 | $ | 50,364 |
2025 | 47,128 |
2026 | 33,643 |
2027 | 24,677 |
2028 | 17,895 |
2029 and thereafter | 15,502 |
Total | $ | 189,209 |

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- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 + Details
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