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Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combinations [Abstract]  
Schedule of Intangible Assets Recognized in Connection with Product Acquisitions

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 January 1, 2022

 

$

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

 

Measurement period adjustment

 

 

1,696

 

Additions during fiscal 2024

 

 

418

 

Impact of movement in exchange rates

 

 

(1,441

)

Amortization expense

 

 

(13,339

)

Asset impairments

 

 

(9,345

)

Intangible assets at December 31, 2024

 

$

150,497

 

 

 

 

 

Goodwill at January 1, 2022

 

$

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

 

Measurement period adjustment

 

 

(1,339

)

Impact of movement in exchange rates

 

 

(3,110

)

Goodwill impairment

 

 

(27,049

)

Goodwill at December 31, 2024

 

$

19,701

 

 

 

 

 

Intangible assets and goodwill at December 31, 2024

 

$

170,198

 
Schedule of Gross Carrying Amount and Accumulated Amortization of Intangible Assets and Goodwill The amortization expense is included in operating expenses on the consolidated statements of operations.

 

 

2024

 

 

2023

 

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Gross

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Product rights and patents

 

$

260,928

 

 

$

138,090

 

 

$

122,838

 

 

$

272,879

 

 

$

131,778

 

 

$

141,101

 

Trademarks

 

 

38,475

 

 

 

14,375

 

 

 

24,100

 

 

 

40,896

 

 

 

13,290

 

 

 

27,606

 

Customer lists

 

 

11,874

 

 

 

8,315

 

 

 

3,559

 

 

 

11,549

 

 

 

7,748

 

 

 

3,801

 

Total intangibles assets

 

$

311,277

 

 

$

160,780

 

 

$

150,497

 

 

$

325,324

 

 

$

152,816

 

 

$

172,508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic intangible assets

 

 

172,755

 

 

 

102,347

 

 

 

70,408

 

 

 

186,134

 

 

 

99,598

 

 

 

86,536

 

International intangible assets

 

 

138,522

 

 

 

58,433

 

 

 

80,089

 

 

 

139,190

 

 

 

53,218

 

 

 

85,972

 

Total intangibles assets - domestic and international

 

$

311,277

 

 

$

160,780

 

 

$

150,497

 

 

$

325,324

 

 

$

152,816

 

 

$

172,508

 
Schedule of Future Amortization Charges Related to Intangible Assets

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

Year ending December 31,

 

Amount

 

2025

 

$

12,417

 

2026

 

 

12,370

 

2027

 

 

12,173

 

2028

 

 

11,356

 

2029

 

 

11,005

 

Thereafter

 

 

91,176

 

 

 

$

150,497

 
Schedule of Represents the Balance of Goodwill

The following schedule represents the balance of goodwill at December 31, 2024 and 2023:

 

 

 

2024

 

 

2023

 

Domestic

 

$

—

 

 

$

9,131

 

International

 

 

19,701

 

 

 

42,068

 

Total goodwill, domestic and international

 

$

19,701

 

 

$

51,199