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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
GOODWILL AND INTANGIBLE ASSETS  
Schedule of components of net definite-lived intangible assets

The components of net definite-lived intangible assets are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

December 31, 2019

 

 

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

Weighted Average

(in thousands)

    

Amount

    

Amortization

    

Amount

    

Amortization

    

Amortization Period

Acquired ANDA intangible assets

 

$

103,234

 

$

(33,162)

 

$

64,704

 

$

(30,169)

 

8.9 years

NDAs and product rights

 

 

230,974

 

 

(93,635)

 

 

230,974

 

 

(87,352)

 

10.0 years

Marketing and distribution rights

 

 

17,657

 

 

(9,716)

 

 

10,923

 

 

(8,982)

 

5.7 years

Non-compete agreement

 

 

624

 

 

(357)

 

 

624

 

 

(334)

 

7.0 years

 

 

$

352,489

 

$

(136,870)

 

$

307,225

 

$

(126,837)

 

 

 

Schedule of expected future amortization expense

Expected future amortization expense is as follows:

 

 

 

 

(in thousands)

    

 

 

2020 (remainder of the year)

 

$

29,614

2021

 

 

38,201

2022

 

 

34,795

2023

 

 

34,047

2024

 

 

31,070

2025 and thereafter

 

 

47,892

Total

 

$

215,619