Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
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 three months ended March 31, 2022 (in thousands):
March 31, 2022 December 31, 2021
Clinical Services $ 462,603  $ 462,603 
Pharma Services 64,512  64,512 
Total $ 527,115  $ 527,115 
Classes of Intangible Assets
Intangible assets consisted of the following (in thousands):
    March 31, 2022
  Amortization
Period (years)
Cost Accumulated
Amortization
Net
Customer Relationships
7 - 15
$ 143,101  $ 48,228  $ 94,873 
Developed Technology
10 - 15
310,226  17,127  293,099 
Marketing Assets
4
549  135  414 
Trademarks
15
31,473  1,649  29,824 
Trade Name
5
2,584  406  2,178 
Trademark - Indefinite lived 13,447  —  13,447 
Total   $ 501,380  $ 67,545  $ 433,835 
 
    December 31, 2021
  Amortization
Period (years)
Cost Accumulated
Amortization
Net
Customer Relationships
7 - 15
$ 143,101  $ 45,756  $ 97,345 
Developed Technology
10 - 15
310,226  11,798  298,428 
Marketing Assets 4 549  100  449 
Trademarks 15 31,473  1,125  30,348 
Trade Name 5 2,584  276  2,308 
Trademark - Indefinite lived 13,447  —  13,447 
Total $ 501,380  $ 59,055  $ 442,325 
Schedule of Intangible Asset Amortization Expense The following table summarizes the amortization expense for the three months ended March 31, 2022 and 2021 (in thousands):
Three Months Ended March 31,
2022 2021
Amortization of intangibles included in cost of revenue $ 4,853  $ — 
Amortization of intangibles included in general and administrative expenses 3,637  2,458
Total amortization of intangibles $ 8,490  $ 2,458 
Estimated Amortization Expense
The estimated amortization expense related to amortizable intangible assets for each of the following periods as of March 31, 2022 is as follows (in thousands):
 
Remainder of 2022 $ 25,389 
2023 33,899 
2024 33,899 
2025 33,798 
2026 33,485 
Thereafter 259,918 
Total $ 420,388