The following table presents the Company’s intangible assets at June 30, 2024 (in thousands):


	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Intangible assets:
License and acquired intangibles for RUZURGI®	$	33,569	$	4,578	$	28,991
License and acquired intangibles for FYCOMPA®		158,143		45,487		112,656
License and acquired intangibles for AGAMREE®		36,000		2,286		33,714
Total	$	227,712	$	52,351	$	175,361

The following table presents the Company’s intangible assets at December 31, 2023 (in thousands):


	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Intangible assets:
License and acquired intangibles for RUZURGI®	$	33,569	$	3,418	$	30,151
License and acquired intangibles for FYCOMPA®		158,143		29,673		128,470
License and acquired intangibles for AGAMREE®		36,000		572		35,428
Total	$	227,712	$	33,663	$	194,049

The Company amortizes its definite-lived intangible assets using the straight-line method, which is considered the best estimate of economic benefit, over its estimated useful life. The estimated useful life used for this purpose for RUZURGI®, FYCOMPA® and AGAMREE® was approximately 14.5 years, 5 years and 10.5 years, respectively.

The Company recorded approximately $0.6 million and $1.2 million in amortization expense related to the licensed and acquired intangibles for RUZURGI® during the three and six months ended June 30, 2024, within selling, general and administrative expenses in the consolidated statements of operations and comprehensive income. The Company recorded approximately $7.9 million and $15.8 million in amortization expense related to the licensed and acquired intangibles for FYCOMPA® during the three and six months ended June 30, 2024, within cost of sales in the consolidated statement of operations and comprehensive income. The Company recorded approximately $0.8 million and $1.7 million in amortization expense related to the licensed and acquired intangibles for AGAMREE® during the three and six months ended June 30, 2024, within cost of sales in the consolidated statement of operations and comprehensive income. The Company recorded approximately $0.6 million and $1.2 million in amortization expense related to the licensed and acquired intangibles for RUZURGI® during the three and six months ended June 30, 2023, within selling, general and administrative expenses in the consolidated statements of operations and comprehensive income. The Company recorded approximately $7.9 million and $13.9 million in amortization expense related to the licensed and acquired intangibles for FYCOMPA® during the three and six months ended June 30, 2023, within cost of sales in the consolidated statement of operations and comprehensive income. The Company recorded no amortization expense related to the licensed and acquired intangibles for AGAMREE® during the three and six months ended June 30, 2023. Amortization of the FYCOMPA®, RUZURGI® and AGAMREE® intangible assets are reported together as amortization of intangible assets in the consolidated statements of operations and comprehensive income.

The following table presents future amortization expense the Company expects for its intangible assets (in thousands):


2024 (remaining six months)	$	18,690
2025		37,378
2026		37,378
2027		37,378
2028		7,705
Thereafter		36,832
Total	$	175,361

At June 30, 2024 and December 31, 2023, the weighted average amortization period remaining for intangible assets was 6.0 years and 6.5 years, respectively.

If all or a portion of the intangible assets are deemed not recoverable, the Company would estimate the fair value of the assets and record an impairment loss. There were no impairment charges recognized on definite-lived intangibles for the three and six months ended June 30, 2024 or 2023.