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Acquisition (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of total consideration, including finalization of the working capital adjustment and preliminary allocation of the purchase price, including all measurement period adjustments

The fair value of the total consideration, including finalization of the working capital adjustment, was approximately $306,104 consisting of the following (in thousands):


Fair Value of Purchase Price Consideration	Amount
Fair value of purchase price consideration paid at closing:
Initial cash consideration	$	276,888
Deferred payments and contingent consideration:
Cash held in escrow related to indemnification and other settlements		18,120
Other deferred consideration		7,000
Fair value of contingent consideration		4,096
Total purchase consideration	$	306,104

The following tables set forth the preliminary allocation of the Ironshore Acquisition purchase price to the estimated fair value of the net assets acquired at the Acquisition Date, including all measurement period adjustments (in thousands):


	Amounts Recognized at the Acquisition Date
Assets Acquired
Cash and cash equivalents	$	9,350
Accounts receivable		44,601
Inventory		17,155
Prepaid expenses and other current assets		8,671
Property, plant and equipment, net		541
Intangible assets		635,000
Right-of-use assets		800
Deferred tax assets		38,053
Total assets	$	754,171
Liabilities Assumed
Accounts payable	$	6,656
Accrued liabilities		73,363
Accrued rebates, returns and discounts		96,797
Borrowings		8,954
Lease liabilities		800
Senior secured notes payable		151,500
Deferred royalty obligation		116,900
Deferred revenue		10,000
Total liabilities	$	464,970
Total identifiable net assets acquired		289,201
Goodwill		16,903
Total consideration transferred	$	306,104

Schedule of acquisition related expenses


	Three Months Ended March 31,
	2025
Employee-related expenses	$	515
Transaction costs		38
Other acquisition expenses		736
Total acquisition related expenses	$	1,289