XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The changes in goodwill for the nine months ended September 30, 2022 and for the year ended December 31, 2021 were as follows:
| September 30, 2022 |  | December 31, 2021
Balance, beginning of period | $ | 7,095 |  |  | $ | 6,873 |
Goodwill acquired during the period | 97 |  |  | 228 |
Adjustments to goodwill | (2) |  |  | (6) |
Balance, end of period | $ | 7,190 |  |  | $ | 7,095 |
Principally all of the Company’s goodwill as of September 30, 2022 and December 31, 2021 was associated with its DIS business. For the nine months ended September 30, 2022, goodwill acquired was principally associated with the acquisition of Pack Health, and adjustments to goodwill primarily related to foreign currency translation, largely offset by an adjustment of the purchase price allocation for Labtech (see Note 4). For the year ended December 31, 2021, goodwill acquired was principally associated with the acquisitions of the assets of the outreach laboratory services business of Mercy Health and the assets of Labtech (see Note 5 to the audited consolidated financial statements in the Company's 2021 Annual Report on Form 10-K), and adjustments to goodwill related to foreign currency translation. Intangible assets as of September 30, 2022 and December 31, 2021 consisted of the following:
| Weighted Average Amortization Period (in years) |  | September 30, 2022 |  | December 31, 2021
|  | Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Amortizing intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer-related | 17 |  | $ | 1,608 |  |  | $ | (796) |  |  | $ | 812 |  |  | $ | 1,581 |  |  | $ | (726) |  |  | $ | 855 |
Non-compete agreements | 9 |  | 3 |  |  | (3) |  |  | — |  |  | 3 |  |  | (2) |  |  | 1 |
Technology | 15 |  | 137 |  |  | (80) |  |  | 57 |  |  | 141 |  |  | (74) |  |  | 67 |
Other | 6 |  | 114 |  |  | (104) |  |  | 10 |  |  | 109 |  |  | (101) |  |  | 8 |
Total | 17 |  | 1,862 |  |  | (983) |  |  | 879 |  |  | 1,834 |  |  | (903) |  |  | 931 |
Intangible assets not subject to amortization: |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 235 |  |  | — |  |  | 235 |  |  | 235 |  |  | — |  |  | 235 |
Other |  |  | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |
Total intangible assets |  |  | $ | 2,098 |  |  | $ | (983) |  |  | $ | 1,115 |  |  | $ | 2,070 |  |  | $ | (903) |  |  | $ | 1,167 |
The estimated amortization expense related to amortizable intangible assets for each of the five succeeding fiscal years and thereafter as of September 30, 2022 is as follows:
Year Ending December 31, |
Remainder of 2022 | $ | 27 |
2023 | 105 |
2024 | 102 |
2025 | 100 |
2026 | 95 |
2027 | 84 |
Thereafter | 366 |
Total | $ | 879 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration