Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2023

(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, 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
Additions during fiscal 2023		941
Impact of movement in exchange rates		177
Amortization expense		(13,274	)
Intangible assets at December 31, 2023	$	172,508

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
Additions during fiscal 2023		2,949
Impact of movement in exchange rates		1,240
Goodwill at December 31, 2023	$	51,199

Intangible assets and goodwill at December 31, 2023	$	223,707

The following schedule represents the gross carrying amount and accumulated amortization of intangible assets and goodwill as of December 31, 2023 and 2022. Product rights and trademarks are amortized over the lesser of the useful life ranging from 15 to 32 years, or the patent life. 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.


	2023						2022
	Gross		Accumulated Amortization		Net Book Value		Gross		Accumulated Amortization		Net Book Value
Product rights and patents	$	272,879	$	131,778	$	141,101	$	272,339	$	121,209	$	151,130
Trademarks		40,896		13,290		27,606		40,459		11,615		28,844
Customer lists		11,549		7,748		3,801		11,204		6,514		4,690
Total intangibles assets		325,324		152,816		172,508		324,002		139,338		184,664
Goodwill		51,199		—		51,199		47,010		—		47,010
Total intangibles and goodwill	$	376,523	$	152,816	$	223,707	$	371,012	$	139,338	$	231,674

Domestic	$	195,265	$	99,598	$	95,667	$	194,395	$	92,352	$	102,043
International		181,258		53,218		128,040		176,617		46,986		129,631
Total intangibles and goodwill	$	376,523	$	152,816	$	223,707	$	371,012	$	139,338	$	231,674

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


Year ending December 31,	Amount
2024	$	12,887
2025		12,704
2026		12,644
2027		12,501
2028		11,633
Thereafter		110,139
	$	172,508