Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2023 and 2022 (amounts in thousands):

Balance as of December 31, 2021	$	860,362
Measurement period adjustment - BioFlex		(346	)
Measurement period adjustment - Avitide		(1,768	)
Cumulative translation adjustment		(2,735	)
Balance as of December 31, 2022	$	855,513
Acquisition of FlexBiosys, Inc.		14,321
Acquisition of Metenova Holding AB		115,778
Cumulative translation adjustment		1,508
Balance as of December 31, 2023	$	987,120

Schedule of Intangible Assets

Intangible assets, net consisted of the following at December 31, 2023:

	December 31, 2023
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	249,594	$	(44,162	)	$	205,432		16
Patents		240		(240	)		—		8
Customer relationships		269,949		(83,963	)		185,986		15
Trademarks		8,757		(1,789	)		6,968		19
Other intangibles		3,914		(2,514	)		1,400		3
Total finite-lived intangible assets		532,454		(132,668	)		399,786		15
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	533,154	$	(132,668	)	$	400,486

Intangible assets 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 December 31, 2023, the Company expects to record the following amortization expense (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2024	$	34,314
2025		33,879
2026		33,524
2027		33,421
2028		32,689
2029 and thereafter		231,959
Total	$	399,786