Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible AssetsThe 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

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

The Company records amortization expense within cost of revenue and general and administrative expense on the Consolidated Statement of Operations. 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

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