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SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of financial information by reportable segments

Financial information by reportable segment is as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)			2024						2023						2024						2023
Net Revenues
Generics, Established Brands, and Other			$	88,847					$	92,243					$	189,340					$	182,699
Rare Disease			49,193						24,304						86,130						40,634
Total net revenues			$	138,040					$	116,547					$	275,470					$	223,333
Segment earnings before interest, taxes, depreciation and amortization (“EBITDA”) and reconciliation to income before income taxes
Generics, Established Brands, and Other			$	31,631					$	39,937					$	76,937					$	78,765
Rare Disease			4,344						4,215						4,740						2,964
Depreciation and amortization			(14,697)						(14,690)						(29,383)						(29,390)
Corporate and other unallocated expenses(1)			(16,109)						(17,060)						(26,813)						(30,042)
Total operating income			5,169						12,402						25,481						22,297
Unrealized (loss) gain on investment in equity securities			(2,712)						—						6,943						—
Interest expense, net			(4,656)						(7,100)						(9,256)						(14,796)
Other expense, net			(88)						(53)						(120)						(87)
(Loss) Income Before Income Tax Expense (Benefit)			$	(2,287)					$	5,249					$	23,048					$	7,414

______________________________________________

(1)Includes expenses not directly allocated or attributable to a reporting segment, including certain management, legal, accounting, human resources, insurance, and information technology expenses, and are included in selling, general, and administrative expenses in our unaudited interim consolidated statement of operations. This amount also includes the gain on the sale of the Oakville, Ontario site of approximately $5.3 million refer to Note 4 for further information.

Schedule of revenue by geographic operations

The following table depicts the Company’s revenue by geographic operations during the following periods:

(in thousands)			Three Months Ended June 30,												Six Months Ended June 30,
Location of Operations			2024						2023						2024						2023
United States			$	138,040					$	116,547					$	275,470					$	222,768
Canada			—						—						—						565
Total Revenue			$	138,040					$	116,547					$	275,470					$	223,333

Schedule of property, plant and equipment, net by geographic location

The Company’s property, plant and equipment are as follows:

(in thousands)			June 30, 2024						December 31, 2023
United States			$	49,887					$	43,163
India			1,753						1,430
Total property and equipment, net			$	51,640					$	44,593

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Topic 280
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-Name Accounting Standards Codification
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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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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.

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