SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of revenue by reportable segments

Financial information by reportable segment, including historical information that has been retroactively re-cast to reflect two reporting segments, is as follows:

	Year Ended December 31,
(in thousands)	2023		2022		2021
Net Revenues
Generics, Established Brands, and Other	$	374,699	$	274,699	$	216,136
Rare Disease	112,117		41,686		—
Total net revenues	$	486,816	$	316,385	$	216,136
Segment earnings (loss) before interest, taxes, depreciation and amortization (“EBITDA”) and reconciliation to income (loss) before income taxes
Generics, Established Brands, and Other	$	152,990	$	78,958	$	63,418
Rare Disease	12,498		(18,348)		(18,571)
Depreciation and amortization	(59,791)		(56,973)		(47,252)
Corporate and other unallocated expenses(1)	(58,726)		(38,920)		(37,388)
Total operating income (loss)	$	46,971	$	(35,283)	$	(39,793)
Interest expense, net	(26,940)		(28,052)		(11,922)
Other income (expense), net	(159)		670		(4,343)
Income (loss) before expense (benefit) for income taxes	$	19,872	$	(62,665)	$	(56,058)

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(1)Includes expenses not directly allocated or attributable to a reporting segment, including certain management, legal, accounting, human resources, insurance, and information technology expenses, and are included in selling, general, and administrative expenses in our consolidated statement of operations.

Schedule of revenue by geographic operations

The following table depicts the Company’s revenue by geographic operations during the following periods:

(in thousands)	Years Ended December 31,
Location of Operations	2023		2022		2021
United States	$	486,251	$	312,427	$	211,893
Canada	565		3,958		4,243
Total Revenue	$	486,816	$	316,385	$	216,136

Schedule of property and equipment by geographic location

The following table depicts the Company’s property and equipment, net according to geographic location as of:

(in thousands)	December 31, 2023		December 31, 2022
United States	$	43,163	$	40,343
Canada(1)	—		1,856
India	1,430		1,047
Total property and equipment, net	$	44,593	$	43,246

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(1)Amounts as of December 31, 2023 and 2022 exclude the land and building at the Canada facility, which are classified as held for sale as of December 31, 2023 and 2022. These assets have a carrying value of $8.0 million.