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