Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.21.2
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table summarizes the changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2021 (in thousands):
Clinical Services Pharma Services Total
Balance as of December 31, 2020 $ 179,534  $ 31,549  $ 211,083 
Trapelo acquisition 44,664  —  44,664 
Inivata acquisition 237,251  32,804  270,055 
Balance as of September 30, 2021 $ 461,449  $ 64,353  $ 525,802 
Classes of Intangible Assets
Intangible assets consisted of the following (in thousands):
    September 30, 2021
  Amortization
Period
Cost Accumulated
Amortization
Net
Customer Relationships
7 - 15 years
$ 143,101  $ 43,286  $ 99,815 
Developed Technology
10 - 15 years
310,226  6,469  303,757 
Marketing Assets
4 years
549  66  483 
Trademarks
15 years
31,473  601  30,872 
Trade Name
5 years
2,575  147  2,428 
Trademark - Indefinite lived —  13,447  —  13,447 
Total   $ 501,371  $ 50,569  $ 450,802 
 
    December 31, 2020
  Amortization
Period
Cost Accumulated
Amortization
Net
Customer Relationships
7 - 15 years
$ 143,101  $ 35,895  $ 107,206 
Trademark - Indefinite lived —  13,447  —  13,447 
Total $ 156,548  $ 35,895  $ 120,653 
Schedule of Intangible Asset Amortization Expense The following table summarizes the amortization expense for the three and nine months ended September 30, 2021 and 2020 (in thousands):
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Amortization of intangibles included in cost of revenue $ 4,825  $ —  $ 5,554  $ — 
Amortization of intangibles included in general and administrative expenses 3,649  2,468 9,129 7,387
Total amortization of intangibles $ 8,474  $ 2,468  $ 14,683  $ 7,387 
Estimated Amortization Expense
The estimated amortization expense related to amortizable intangible assets for each of the following periods as of September 30, 2021 is as follows (in thousands):
 
Remainder of 2021 $ 8,457 
2022 33,899 
2023 33,899 
2024 33,899 
2025 33,798 
Thereafter 293,403 
Total $ 437,355