Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill And Other Intangible Assets Disclosure [Abstract]

Changes in Carrying Value of Goodwill

The following table represents the change in the carrying value of goodwill for the nine months ended September 30, 2023 (amounts in thousands):

Balance at December 31, 2022	$	855,513
Acquisition of FlexBiosys, Inc.		14,355
Measurement period adjustment – FlexBiosys		(34	)
Cumulative translation adjustment		(582	)
Balance at September 30, 2023	$	869,252

Schedule of Intangible Assets

Intangible assets, net, consisted of the following at September 30, 2023:

	September 30, 2023
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	200,188	$	(40,093	)	$	160,095		16
Patents		240		(240	)		—		8
Customer relationships		255,113		(78,929	)		176,184		15
Trademarks		7,709		(1,653	)		6,056		19
Other intangibles		3,026		(2,332	)		694		4
Total finite-lived intangible assets		466,276		(123,247	)		343,029		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	466,976	$	(123,247	)	$	343,729

Intangible assets, net, consisted of the following at December 31, 2022:

	December 31, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology – developed	$	190,463	$	(30,992	)	$	159,471		16
Patents		240		(240	)		—		8
Customer relationships		252,934		(66,559	)		186,375		15
Trademarks		7,682		(1,319	)		6,363		19
Other intangibles		2,811		(2,044	)		767		4
Total finite-lived intangible assets		454,130		(101,154	)		352,976		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	454,830	$	(101,154	)	$	353,676

Schedule of Amortization Expense for Amortized Intangible Assets

As of September 30, 2023, the Company expects to record the following amortization expense in future periods (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2023 (remaining three months)	$	7,504
2024		29,558
2025		29,220
2026		29,192
2027		29,159
2028 and thereafter		218,396
Total	$	343,029