American Idol alum Josh Gracin's divorce from his wife, Ann Gracin, is being finalized -- and the singer is losing a whole lot of money in the process.

Gracin and his ex divided up their assets, and according to divorce documents obtained by TMZ, Ann Gracin is walking away with a 50-percent stake in all 24 of the songs her former husband recorded during their marriage. Additionally, the "Nothin' to Lose" singer will dole out $1,590 per month in alimony and $1,436 per month in child support.

The couple, who wed in 2001, have four children together. Although they have joint custody, each has a restraining order against the other, so they need to stay at least 25 feet away from each other.

It hasn't been a great year for Gracin, who posted an apparent suicide note to his Facebook page in August. The letter focused on the singer's wife, whom he said "turned her back on me when I needed her help the most." Gracin then thanked fans for investing in his music and also asked those reading the note to pray for his family as they "carry on in this world without me." The Season 2 Idol finalist was admitted to a hospital soon after the event.

Gracin later apologized for the pain and worry he had caused everyone, and after being released from the hospital, he shared some new music on his social media accounts. His website notes that a new EP, Worth This Love, is coming soon.

Gracin has had relative success in country music after his fourth-place finish on Idol. His eponymous debut record was certified gold by the RIAA, and his sophomore disc, We Weren't Crazy, featured five more Top 40 singles. He released a third album in 2011.

Fans can check Gracin's website for more information regarding tour dates and album details.

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