Intangibles, Net (Tables)
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9 Months Ended |
Sep. 30, 2023 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Finite-Lived Intangible Assets |
Intangibles, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2023 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,179) | | | $ | 1,361 | | Customer relationships | 5 - 25 | | Accelerated | | 157,945 | | | (111,315) | | | 46,630 | | Currently marketed products | 9 | | Straight-Line | | 132,800 | | | (34,588) | | | 98,212 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (6,665) | | | 15,568 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (877) | | | 1,523 | | | | | | | | | | | | Total | | | | | $ | 328,918 | | | $ | (165,624) | | | $ | 163,294 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,061) | | | $ | 1,479 | | Customer relationships | 15 - 25 | | Accelerated | | 96,681 | | | (95,009) | | | 1,672 | | Currently marketed products | 9 - 15 | | Straight-Line | | 275,700 | | | (47,628) | | | 228,072 | | Licenses | 11 - 16 | | Straight-Line | | 85,800 | | | (19,101) | | | 66,699 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (677) | | | 1,723 | | IPR&D | N/A | | N/A | | 15,640 | | | — | | | 15,640 | | Total | | | | | $ | 489,761 | | | $ | (174,476) | | | $ | 315,285 | |
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Schedule of Indefinite-Lived Intangible Assets |
Intangibles, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2023 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,179) | | | $ | 1,361 | | Customer relationships | 5 - 25 | | Accelerated | | 157,945 | | | (111,315) | | | 46,630 | | Currently marketed products | 9 | | Straight-Line | | 132,800 | | | (34,588) | | | 98,212 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (6,665) | | | 15,568 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (877) | | | 1,523 | | | | | | | | | | | | Total | | | | | $ | 328,918 | | | $ | (165,624) | | | $ | 163,294 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,061) | | | $ | 1,479 | | Customer relationships | 15 - 25 | | Accelerated | | 96,681 | | | (95,009) | | | 1,672 | | Currently marketed products | 9 - 15 | | Straight-Line | | 275,700 | | | (47,628) | | | 228,072 | | Licenses | 11 - 16 | | Straight-Line | | 85,800 | | | (19,101) | | | 66,699 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (677) | | | 1,723 | | IPR&D | N/A | | N/A | | 15,640 | | | — | | | 15,640 | | Total | | | | | $ | 489,761 | | | $ | (174,476) | | | $ | 315,285 | |
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Schedule of Expected Future Amortization Expense Related to Intangible Assets |
The below table summarizes the estimated aggregate amortization expense expected to be recognized on the above intangible assets: | | | | | | (in thousands) | Amount | Remainder of 2023 | $ | 11,300 | | 2024 | 39,729 | | 2025 | 24,409 | | 2026 | 25,209 | | 2027 | 19,681 | | 2028 and thereafter | 42,966 | | Total | $ | 163,294 | |
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