Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible AssetsThe following table summarizes the carrying amounts of goodwill by segment at June 30, 2022 and December 31, 2021 (in thousands):


	June 30, 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):


		June 30, 2022
	Amortization Period (years)	Cost		Accumulated Amortization		Net


Customer Relationships	7 - 15	$	143,101	$	50,700	$	92,401
Developed Technology	10 - 15	310,226		22,457		287,769
Marketing Assets	4	549		169		380
Trademarks	15	31,473		2,174		29,299
Trade Name	5	2,584		542		2,042
Trademark - Indefinite lived	—	13,447		—		13,447
Total		$	501,380	$	76,042	$	425,338


		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 and six months ended June 30, 2022 and 2021 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Amortization of intangibles included in cost of revenue	$	4,853	$	729	$	9,706	$	729
Amortization of intangibles included in general and administrative expenses	3,637		3,022		7,273		5,480
Total amortization of intangibles	$	8,490	$	3,751	$	16,979	$	6,209

The estimated amortization expense related to amortizable intangible assets for each of the following periods as of June 30, 2022 is as follows (in thousands):


Remainder of 2022	$	16,980
2023	33,962
2024	33,961
2025	33,858
2026	33,547

Thereafter	259,583
Total	$	411,891