Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.3.a.u2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in goodwill for the years ended December 31, 2019 and 2018 (in thousands):

For the Years Ended December 31,
2019 2018
Balance, beginning of year $ 197,892    $ 147,019   
Goodwill acquired —    50,873   
Purchase price adjustment 709    —   
Balance, end of year $ 198,601    $ 197,892   
Allocation Of Goodwill By Segment
The following table summarizes the allocation of goodwill by segment for the years ended December 31, 2019 and 2018 (in thousands):
Clinical Services
2019
Pharma Services
2019
Total 2019 Clinical Services
2018
Pharma Services
2018
Total 2018
Goodwill $ 179,534    $ 19,067    $ 198,601    $ 178,825    $ 19,067    $ 197,892   
Schedule of Intangible Assets and Goodwill
Intangible assets consisted of the following (in thousands): 
 
    December 31, 2019
 
Amortization
Period
Cost
Accumulated
Amortization
Net
Trade Names
12-24 months
$ 3,679    $ 3,679    $ —   
Non-Compete Agreement 24 months 27    27    —   
Customer Relationships 180 months 139,271    26,078    113,193   
Trademark - Indefinite lived —    13,447    —    13,447   
Total $ 156,424    $ 29,784    $ 126,640   
December 31, 2018
Amortization
Period
Cost
Accumulated
Amortization
Net
Trade Name
12-24 months
$ 3,675    $ 3,042    $ 633   
Non-Compete Agreement 24 months 27    18     
Customer Relationships 180 months 141,626    16,798    124,828   
Trademark - Indefinite lived —    14,559    —    14,559   
Total $ 159,887    $ 19,858    $ 140,029   
Finite-lived Intangible Assets Amortization Expense
The Company recorded amortization expense of intangible assets in the Consolidated Statements of Operations as follows (in thousands):
  For the Years Ended December 31,
  2019 2018 2017
Amortization of intangible assets $ 9,925    $ 5,928    $ 6,995   
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of December 31, 2019 is as follows (in thousands):
 
For the Years Ending December 31, As of December 31,
2020 $ 9,285   
2021 9,285   
2022 9,285   
2023 9,285   
2024 9,285   
Thereafter 66,768   
Total $ 113,193