Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2022

(9) Intangible Assets and Goodwill

The following schedule represents intangible assets recognized in connection with product acquisitions (See Note 1 for the Company’s accounting policy regarding intangible assets):


	Amount
Intangible assets at December 31, 2019	$	198,261
Additions during fiscal 2020		12,675
Write offs		(41	)
Impact of movement in exchange rates		(637	)
Amortization expense		(12,744	)
Intangible assets at December 31, 2020		197,514
Additions during fiscal 2021		10,524
Measurement period adjustment		4,226
Impact of movement in exchange rates		(710	)
Amortization expense		(13,713	)
Intangible assets at December 31, 2021		197,841
Additions during fiscal 2022		1,292
Impact of movement in exchange rates		(516	)
Amortization expense		(13,953	)
Intangible assets at December 31, 2022	$	184,664

Goodwill at December 31, 2019	$	46,673
Additions during fiscal 2020		8,830
Other		617
Impact of movement in exchange rates		(4,012	)
Goodwill at December 31, 2020		52,108
Measurement period adjustment		(4,054	)
Impact of movement in exchange rates		(1,794	)
Goodwill at December 31, 2021		46,260
Impact of movement in exchange rates		750
Goodwill at December 31, 2022	$	47,010

Intangible assets and goodwill at December 31, 2022	$	231,674

The following schedule represents the gross carrying amount and accumulated amortization of intangible assets and goodwill. Product rights and trademarks are amortized over their expected useful lives of 25 years. Customer lists are amortized over their expected useful lives of nine to ten years. The amortization expense is included in operating expenses on the consolidated statements of operations.


	2022						2021
	Gross		Accumulated Amortization		Net Book Value		Gross		Accumulated Amortization		Net Book Value
Product Rights	$	272,339	$	121,209	$	151,130	$	271,632	$	110,090	$	161,542
Trademarks		40,459		11,615		28,844		40,578		9,870		30,708
Customer Lists		11,204		6,514		4,690		10,966		5,375		5,591
Total intangibles assets		324,002		139,338		184,664		323,176		125,335		197,841
Goodwill		47,010		—		47,010		46,260		—		46,260
Total intangibles and goodwill	$	371,012	$	139,338	$	231,674	$	369,436	$	125,335	$	244,101

Domestic		194,395		92,352		102,043		193,091		84,477		108,614
International		176,617		46,986		129,631		176,345		40,858		135,487
Total intangibles and goodwill	$	371,012	$	139,338	$	231,674	$	369,436	$	125,335	$	244,101

The following schedule represents future amortization charges related to intangible assets:


Year ending December 31,	Amount
2023	$	13,299
2024		13,001
2025		12,819
2026		12,713
2027		12,476
Thereafter		120,356
	$	184,664