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v3.25.2

SEGMENT REPORTING (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of financial information by reportable segments | Financial information by reportable segment is as follows:
|  | Three Months Ended June 30, 2025
|  | Generics and Other |  | Rare Disease and Brands |  | Corporate and Unallocated |  | Total
Net Revenues |  | $ | 94,213 |  | $ | 117,158 |  | $ | — |  |  | $ | 211,371 |
Less: |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | 43,231 |  |  | 31,384 |  |  | — |  |  | 74,615 |
Research and development |  | 11,414 |  |  | 5,121 |  |  | — |  |  | 16,535 |
Selling, general, and administrative |  | 1,389 |  |  | 51,191 |  |  | 29,191 |  |  | 81,771 |
Depreciation and amortization |  | — |  |  | — |  |  | 23,281 |  |  | 23,281 |
Contingent consideration fair value adjustment |  | — |  |  | — |  |  | 1,277 |  |  | 1,277 |
Operating (Loss) Income |  | $ | 38,179 |  |  | $ | 29,462 |  |  | $ | (53,749) |  |  | $ | 13,892 |
Unrealized gain on investment in equity securities |  | $ | — |  |  | $ | — |  |  | $ | 332 |  |  | $ | 332 |
Interest expense, net |  | — |  |  | — |  |  | (5,438) |  |  | (5,438) |
Other income, net |  | — |  |  | — |  |  | 1,739 |  |  | 1,739 |
Income (Loss) Before Income Tax Expense |  | $ | 38,179 |  |  | $ | 29,462 |  |  | $ | (57,116) |  |  | $ | 10,525 |
|  | Three Months Ended June 30, 2024
|  | Generics and Other |  | Rare Disease and Brands |  | Corporate and Unallocated |  | Total
Net Revenues |  | $ | 78,821 |  | $ | 59,219 |  | $ | — |  |  | $ | 138,040 |
Less: |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | 42,014 |  |  | 15,684 |  |  | — |  |  | 57,698 |
Research and development |  | 5,427 |  |  | 1,869 |  |  | — |  |  | 7,296 |
Selling, general, and administrative |  | 1,344 |  |  | 26,349 |  |  | 25,128 |  |  | 52,821 |
Depreciation and amortization |  | — |  |  | — |  |  | 14,697 |  |  | 14,697 |
Contingent consideration fair value adjustment |  | — |  |  | — |  |  | 359 |  |  | 359 |
Gain on sale of building |  | — |  |  | — |  |  | — |  |  | — |
Operating (Loss) Income |  | $ | 30,036 |  | $ | 15,317 |  | $ | (40,184) |  | $ | 5,169
Unrealized loss on investment in equity securities |  | $ | — |  |  | $ | — |  |  | $ | (2,712) |  |  | $ | (2,712) |
Interest expense, net |  | — |  |  | — |  |  | (4,656) |  |  | (4,656) |
Other expense, net |  | — |  |  | — |  |  | (88) |  |  | (88) |
Income (Loss) Before Income Tax Expense |  | $ | 30,036 |  | $ | 15,317 |  | $ | (47,640) |  |  | $ | (2,287) |
|  | Six Months Ended June 30, 2025
|  | Generics and Other |  | Rare Disease and Brands |  | Corporate and Unallocated |  | Total
Net Revenues |  | $ | 197,253 |  | $ | 211,240 |  | $ | — |  |  | $ | 408,493 |
Cost of sales (excluding depreciation and amortization) |  | 89,732 |  |  | 57,920 |  |  | — |  |  | 147,652 |
Research and development |  | 18,002 |  |  | 9,097 |  |  | — |  |  | 27,099 |
Selling, general, and administrative |  | 2,797 |  |  | 93,627 |  |  | 61,875 |  |  | 158,299 |
Depreciation and amortization |  | — |  |  | — |  |  | 46,172 |  |  | 46,172 |
Contingent consideration fair value adjustment |  | — |  |  | — |  |  | (10,815) |  |  | (10,815) |
Operating (Loss) Income |  | $ | 86,722 |  | $ | 50,596 |  | $ | (97,232) |  | $ | 40,086
Unrealized loss on investment in equity securities |  | $ | — |  |  | $ | — |  |  | $ | (589) |  |  | $ | (589) |
Interest expense, net |  | — |  |  | — |  |  | (10,922) |  |  | (10,922) |
Other income, net |  | — |  |  | — |  |  | 1,937 |  |  | 1,937 |
Income (Loss) Before Income Tax Expense |  | $ | 86,722 |  | $ | 50,596 |  | $ | (106,806) |  |  | $ | 30,512 |
|  | Six Months Ended June 30, 2024
|  | Generics and Other |  | Rare Disease and Brands |  | Corporate and Unallocated |  | Total
Net Revenues |  | $ | 153,635 |  | $ | 121,835 |  | $ | — |  |  | $ | 275,470 |
Cost of sales (excluding depreciation and amortization) |  | 78,814 |  |  | 28,041 |  |  | — |  |  | 106,855 |
Research and development |  | 13,446 |  |  | 4,361 |  |  | — |  |  | 17,807 |
Selling, general, and administrative |  | 2,354 |  |  | 51,015 |  |  | 47,473 |  |  | 100,842 |
Depreciation and amortization |  | — |  |  | — |  |  | 29,383 |  |  | 29,383 |
Contingent consideration fair value adjustment |  | — |  |  | — |  |  | 449 |  |  | 449 |
Gain on sale of building |  | — |  |  | — |  |  | (5,347) |  |  | (5,347) |
Operating (Loss) Income |  | $ | 59,021 |  | $ | 38,418 |  | $ | (71,958) |  | $ | 25,481
Unrealized gain on investment in equity securities |  | $ | — |  |  | $ | — |  |  | $ | 6,943 |  |  | $ | 6,943 |
Interest expense, net |  | — |  |  | — |  |  | (9,256) |  |  | (9,256) |
Other expense, net |  | — |  |  | — |  |  | (120) |  |  | (120) |
Income (Loss) Before Income Tax Expense |  | $ | 59,021 |  | $ | 38,418 |  | $ | (74,391) |  |  | $ | 23,048 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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