XML 40 R22.htm IDEA: XBRL DOCUMENT v3.22.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2021
Pfenex  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed The following table sets forth an allocation of the purchase price to the identifiable tangible and intangible assets acquired and liabilities assumed, with the excess recorded to goodwill (in thousands):
Cash $51,407 
Restricted cash200 
Accounts and unbilled receivables1,359 
Property and equipment, net7,823 
Right-of-use asset3,070 
Other assets1,338 
Intangibles acquired385,000 
Goodwill(1)
82,303 
Accounts payable(6,814)
Accrued liabilities(9,606)
Deferred revenue(3,908)
Lease liabilities(3,070)
Other liabilities(1,382)
Deferred tax liabilities, net(42,622)
Total consideration$465,098 
(1) Goodwill represents the excess of the purchase price over the preliminary fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Pfenex and expected synergies. None of the goodwill is deductible for tax purposes.
Schedule of Finite-Lived Intangibles Acquired
The intangibles acquired and their weighted average useful life are as follows (in thousands, except useful lives):

Approximate
Fair Value		Estimated useful life
(in years)
Contractual Relationships:
Alvogen$114,000 12
Merck117,000 12
Jazz80,000 17
SII49,000 10
Arcellx2,000 17
Acquired Technologies23,000 
10-19
$385,000 
Schedule of Pro Forma Information The pro forma financial information is not necessarily indicative of the operating results that would have occurred had the acquisition been consummated as if the date indicated, nor is it necessarily indicative of future operating results (in thousands, except per share amounts):
Year Ended December 31,
(Unaudited)20202019
Revenue$189,203 $170,608 
Net Income (loss)$(60,059)$594,941 
Net income (loss) per common share:
    Basic$(3.71)$31.32 
    Diluted$(3.71)$30.11 
Taurus  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the consideration was allocated to the acquisition date fair values of acquired assets as follows (in thousands)
Cash$47 
Intangibles assets with finite-life - core technologies5,005 
$5,052 
xCella  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):
Cash and other assets$240 
Accrued liabilities(142)
Deferred tax liabilities, net(604)
Intangibles assets with finite-life - core technology7,582 
$7,076 
Icagen  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):

Property and equipment, net$1,173 
Prepaids and other assets588 
Liabilities assumed(812)
Deferred revenue(3,685)
Deferred tax assets, net861 
Acquired intangibles12,800 
Goodwill(1)
9,015 
$19,940 
(1) Goodwill represents the excess of the purchase price over the preliminary fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Icagen and expected synergies.
Ab Initio  
Business Acquisition [Line Items]  
Schedule of Allocation of Consideration / Recognized Identified Assets Acquired and Liabilities Assumed
The final purchase consideration was allocated to the acquisition date fair values of acquired assets and assumed liabilities as follows (in thousands):
Cash and other assets$28 
Accounts payable and accrued liabilities(83)
Deferred tax liabilities, net(146)
Intangibles assets with finite-life - core technologies7,400 
Goodwill(1)
4,812 
$12,011 
(1) Goodwill represents the excess of the purchase price over the fair value of the underlying assets acquired and liabilities assumed. Goodwill is attributable to the assembled workforce of experienced personnel at Ab Initio and expected synergies.