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