Company: PCRX
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001396814-25-000102
Chunk: 157

Company: Pacira BioSciences, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 157
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 Company’s operating lease liabilities are as follows (in thousands):YearAggregate MinimumPayments Due2025 (remaining six months)$6,388 202612,789 202712,336 202811,188 202911,076 Thereafter6,384    Total future lease payments60,161    Less: imputed interest(9,250)   Total operating lease liabilities$50,911 

NOTE 8—GOODWILL AND INTANGIBLE ASSETS

GoodwillThe Company’s goodwill arose from the GQ Bio Acquisition in February 2025. The change in the carrying value of the Company’s goodwill is summarized as follows (in thousands):Carrying ValueBalance at December 31, 2023$163,243 Goodwill impairment(163,243)Balance at December 31, 2024— Goodwill arising from the GQ Bio Acquisition18,099 Foreign currency adjustments2,201 Balance at June 30, 2025$20,300 Intangible AssetsIntangible assets, net, consists of the in-process research and development, or IPR&D, from the GQ Bio Acquisition and Flexion Acquisition, developed technology from the Flexion Acquisition and MyoScience Acquisition and customer relationships from the MyoScience Acquisition are summarized as follows (dollar amounts in thousands):June 30, 2025Gross Carrying ValueForeign Currency AdjustmentsAccumulated AmortizationIntangible Assets, NetWeighted-Average Useful LivesDeveloped technologies$590,000 $— $(227,574)$362,426 10 years, 5 monthsCustomer relationships90 — (56)34 10 yearsTotal finite-lived intangible assets, net590,090 — (227,630)362,460 Acquired IPR&D57,366 2,737 — 60,103      Total intangible assets, net$647,456 $2,737 $(227,630)$422,563 December 31, 2024Gross Carrying ValueAccumulated AmortizationIntangible Assets, NetWeighted-Average Useful LivesDeveloped technologies$590,000 $(198,934)$391,066 10 years, 5 monthsCustomer relationships90 (52)38 10 years     Total finite-lived intangible assets, net590,090 (198,986)391,104 Acquired IPR&D34,866 —