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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 |  | December 31, 2023 | Remaining 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 | $ | 210,497 |  | $ | (124,874) |  | $ | 85,623 |  |  | $ | 209,780 |  | $ | (100,660) |  | $ | 109,120 |  | 4.4 years
NDAs and product rights | 641,271 |  | (216,420) |  | 424,851 |  |  | 244,871 |  | (184,861) |  | 60,010 |  | 10.9 years
Marketing and distribution rights | 17,157 |  | (15,233) |  | 1,924 |  |  | 17,157 |  | (14,271) |  | 2,886 |  | 2.0 years
Customer relationships | 24,900 |  | (11,264) |  | 13,636 |  |  | 24,900 |  | (7,707) |  | 17,193 |  | 3.8 years
Total Definite-Lived Intangible Assets | 893,825 |  | (367,791) |  | 526,034 |  |  | 496,708 |  | (307,499) |  | 189,209 |  | 9.7 years
Indefinite-Lived Intangible Assets: |  |  |  |  |  |
In process research and development | 15,800 |  | — |  | 15,800 |  |  | 19,800 |  | — |  | 19,800 |  | Indefinite
Total Intangible Assets, net | $ | 909,625 |  | $ | (367,791) |  | $ | 541,834 |  |  | $ | 516,508 |  | $ | (307,499) |  | $ | 209,009 |  |
(1) Weighted average amortization period as of December 31, 2024.
Schedule of expected future amortization expense for definite-lived intangible assets | Expected future amortization expense is as follows for the years ending December 31:
(in thousands) |
2025 | $ | 79,974 |
2026 | 66,489 |
2027 | 57,522 |
2028 | 51,532 |
2029 | 45,263 |
2030 and thereafter | 225,254 |
Total | $ | 526,034 |

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- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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