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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2019
GOODWILL AND INTANGIBLE ASSETS  
Schedule of components of net definite-lived intangible assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

December 31, 2018

 

    

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

Weighted Average

(in thousands)

    

Amount

    

Amortization

    

Amount

    

Amortization

    

Amortization Period

Acquired ANDA intangible assets

 

$

64,704

 

$

(26,937)

 

$

46,194

 

$

(17,093)

 

10.0 years

NDAs and product rights

 

 

230,974

 

 

(74,787)

 

 

230,974

 

 

(62,222)

 

10.0 years

Marketing and distribution rights

 

 

10,423

 

 

(8,014)

 

 

10,423

 

 

(7,051)

 

4.7 years

Non-compete agreement

 

 

624

 

 

(290)

 

 

624

 

 

(245)

 

7.0 years

 

 

$

306,725

 

$

(110,028)

 

$

288,215

 

$

(86,611)

 

 

 

Schedule of expected future amortization expense

Expected future amortization expense is as follows:

 

 

 

 

(in thousands)

    

 

 

2019 (remainder of the year)

 

$

16,806

2020

 

 

33,130

2021

 

 

31,684

2022

 

 

28,279

2023

 

 

27,531

2024 and thereafter

 

 

59,267

Total

 

$

196,697