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INTANGIBLE ASSETS AND GOODWILL | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL Intangible Assets The following table summarizes the net-book-value and estimated remaining life of the Company’s intangible assets as of June 30, 2025:
(In thousands) |  | Weighted Average Remaining Life (Years) |  | Cost |  | Accumulated Amortization |  | Net Balance at June 30, 2025
Finite-lived intangible assets |  |  |  |  |  |  |  |
Acquired developed technology |  | 6.0 |  | $ | 888,323 |  |  | $ | (454,769) |  |  | $ | 433,554 |
Trade name |  | 10.3 |  | 104,000 |  |  | (38,778) |  |  | 65,222 |
Patents and licenses |  | 9.0 |  | 59,492 |  |  | (15,342) |  |  | 44,150 |
Customer relationships |  | 5.5 |  | 4,000 |  |  | (1,556) |  |  | 2,444 |
Total finite-lived intangible assets |  |  |  | 1,055,815 |  |  | (510,445) |  |  | 545,370 |
In-process research and development |  | n/a |  | 420,000 |  |  | — |  |  | 420,000 |
Total intangible assets |  |  |  | $ | 1,475,815 |  |  | $ | (510,445) |  |  | $ | 965,370 |
The following table summarizes the net-book-value and estimated remaining life of the Company’s intangible assets as of December 31, 2024:
(In thousands) |  | Weighted Average Remaining Life (Years) |  | Cost |  | Accumulated Amortization |  | Net Balance at December 31, 2024
Finite-lived intangible assets |  |  |  |  |  |  |  |
Acquired developed technology |  | 6.4 |  | $ | 887,104 |  |  | $ | (412,504) |  |  | $ | 474,600 |
Trade name |  | 10.8 |  | 104,000 |  |  | (35,153) |  |  | 68,847 |
Patents and licenses |  | 9.5 |  | 56,542 |  |  | (12,963) |  |  | 43,579 |
Customer relationships |  | 6.0 |  | 4,000 |  |  | (1,333) |  |  | 2,667 |
Total finite-lived intangible assets |  |  |  | 1,051,646 |  |  | (461,953) |  |  | 589,693 |
In-process research and development |  | n/a |  | 420,000 |  |  | — |  |  | 420,000 |
Total intangible assets |  |  |  | $ | 1,471,646 |  |  | $ | (461,953) |  |  | $ | 1,009,693 |
Amortization of acquired intangible assets for the three months ended June 30, 2025 and 2024 was $24.2 million and $23.3 million, respectively. Amortization of acquired intangible assets for the six months ended June 30, 2025 and 2024 was $48.3 million and $46.6 million, respectively. As of June 30, 2025, the estimated future amortization expense associated with the Company’s finite-lived intangible assets for each of the five succeeding fiscal years is as follows:
(In thousands) |  |
2025 (remaining six months) |  | $ | 48,339 |
2026 |  | 95,659 |
2027 |  | 95,659 |
2028 |  | 95,659 |
2029 |  | 89,536 |
Thereafter |  | 120,518 |
|  | $ | 545,370 |
The Company’s acquired intangible assets are being amortized on a straight-line basis over their estimated useful lives. There were no impairment losses recorded on finite-lived intangible assets during the three and six months ended June 30, 2025 and 2024. Goodwill The change in the carrying amount of goodwill for the periods ended June 30, 2025 and December 31, 2024 is as follows:
(In thousands) |  |
Balance, January 1, 2024 |  | $ | 2,367,120 |
Resolution Bioscience acquisition adjustments |  | 225 |
Effects of changes in foreign currency exchange rates |  | (669) |
Balance, December 31, 2024 |  | 2,366,676 |
Effects of changes in foreign currency exchange rates |  | 1,345 |
Balance, June 30, 2025 |  | $ | 2,368,021 |
There were no impairment losses for the three and six months ended June 30, 2025 and 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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