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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

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X

- 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

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