Intangibles, Net (Tables)
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9 Months Ended |
Sep. 30, 2024 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Finite-Lived Intangible Assets |
Intangibles, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,326) | | | $ | 1,214 | | Customer relationships | 15 - 25 | | Accelerated | | 157,950 | | | (132,025) | | | 25,925 | | | | | | | | | | | | Currently marketed products | 9 - 15 | | Straight-Line | | 132,800 | | | (49,344) | | | 83,456 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (11,895) | | | 10,338 | | Developed technology | 7 - 9 | | Straight-Line | | 55,982 | | | (3,309) | | | 52,673 | | | | | | | | | | | | Total | | | | | $ | 382,505 | | | $ | (208,899) | | | $ | 173,606 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,216) | | | $ | 1,324 | | Customer relationships | 15 - 25 | | Accelerated | | 157,995 | | | (117,574) | | | 40,421 | | Currently marketed products | 9 - 15 | | Straight-Line | | 132,800 | | | (38,277) | | | 94,523 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (7,972) | | | 14,261 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (944) | | | 1,456 | | | | | | | | | | | | Total | | | | | $ | 328,968 | | | $ | (176,983) | | | $ | 151,985 | |
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Schedule of Indefinite-Lived Intangible Assets |
Intangibles, net, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,326) | | | $ | 1,214 | | Customer relationships | 15 - 25 | | Accelerated | | 157,950 | | | (132,025) | | | 25,925 | | | | | | | | | | | | Currently marketed products | 9 - 15 | | Straight-Line | | 132,800 | | | (49,344) | | | 83,456 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (11,895) | | | 10,338 | | Developed technology | 7 - 9 | | Straight-Line | | 55,982 | | | (3,309) | | | 52,673 | | | | | | | | | | | | Total | | | | | $ | 382,505 | | | $ | (208,899) | | | $ | 173,606 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | (in thousands) | Useful Lives (in years) | | Amortization Method | | Cost | | Accumulated Amortization | | Net | Trademarks | 15 - 25 | | Straight-Line | | $ | 13,540 | | | $ | (12,216) | | | $ | 1,324 | | Customer relationships | 15 - 25 | | Accelerated | | 157,995 | | | (117,574) | | | 40,421 | | Currently marketed products | 9 - 15 | | Straight-Line | | 132,800 | | | (38,277) | | | 94,523 | | Licenses | 11 - 16 | | Straight-Line | | 22,233 | | | (7,972) | | | 14,261 | | Developed technology | 9 | | Straight-Line | | 2,400 | | | (944) | | | 1,456 | | | | | | | | | | | | Total | | | | | $ | 328,968 | | | $ | (176,983) | | | $ | 151,985 | |
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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 2024 | $ | 11,843 | | 2025 | 32,064 | | 2026 | 32,861 | | 2027 | 27,335 | | 2028 | 23,850 | | 2029 and thereafter | 45,653 | | Total | $ | 173,606 | |
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