Intangibles, Net

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangibles, Net

Intangibles, Net

Intangibles, net, consisted of the following:

	March 31, 2021
(in thousands)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	Straight-Line	$	13,540	$	(11,096)	$	2,444
Customer relationships	Accelerated	96,941		(94,055)		2,886
Currently marketed product	Straight-Line	142,900		(7,434)		135,466
Licenses	Straight-Line	85,800		(5,895)		79,905
Developed technology	Straight-Line	2,400		(210)		2,190
IPR&D	N/A	148,440		—		148,440
Total		$	490,021	$	(118,690)	$	371,331

	December 31, 2020
(in thousands)	Amortization Method	Cost		Accumulated Amortization		Net
Trademarks	Straight-Line	$	13,540	$	(10,958)	$	2,582
Customer relationships	Accelerated	96,865		(93,770)		3,095
Currently marketed product	Straight-Line	142,900		(5,053)		137,847
Licenses	Straight-Line	85,800		(4,008)		81,792
Developed technology	Straight-Line	2,400		(144)		2,256
IPR&D	N/A	148,440		—		148,440
Total		$	489,945	$	(113,933)	$	376,012

The Company recorded amortization expense for its intangible assets of $4.7 million and $0.4 million for the three months ended March 31, 2021 and 2020, respectively.

The below table summarizes the estimated aggregate amortization expense expected to be recognized on the above intangible assets:

(in thousands)	Amount
Remainder of 2021	$	14,051
2022	18,477
2023	17,878
2024	17,808
2025	17,753
2026 and thereafter	136,924
Total	$	222,891