Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.10.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in goodwill for the years ended December 31, 2018 and 2017 (in thousands):

For the years ended December 31, 
2018  2017 
Balance, beginning of year  $ 147,019  $ 147,019 
Goodwill acquired during the year  50,873  — 
Balance, December 31, 2018  $ 197,892  $ 147,019 
Allocation Of Goodwill By Segment
The following table summarizes the allocation of goodwill by segment for the years ended December 31, 2018 and 2017 (in thousands):
Clinical Services  Pharma Services  Clinical Services  Pharma Services 
2018  2018  Total 2018  2017  2017  Total 2017 
Goodwill  $ 178,825  $ 19,067  $ 197,892  $ 127,952  $ 19,067  $ 147,019 
Schedule of Intangible Assets and Goodwill
Intangible assets as of December 31, 2018 and 2017 consisted of the following (in thousands): 
 
    December 31, 2018
 
Amortization
Period
Cost
Accumulated
Amortization
Net
Trade Names 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 
Trade Mark - Indefinite lived —  14,559  —  14,559 
Total $ 159,887  $ 19,858  $ 140,029 
December 31, 2017
Amortization
Period
Cost
Accumulated
Amortization
Net
Trade Name 24 months $ 3,000  $ 3,000  $ — 
Non-Compete Agreement 36 months 26  22 
Customer Relationships 156-180 months 85,068  10,925  74,143 
Total $ 88,094  $ 13,929  $ 74,165 
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,
  2018 2017 2016
Amortization of intangible assets $ 5,928  $ 6,995  $ 7,272 
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, 2018 is as follows (in thousands):
 
Years Ending December 31, As of December 31,
2019 $ 10,110 
2020 9,442 
2021 9,442 
2022 9,442 
2023 9,442 
Thereafter 77,592 
Total $ 125,470