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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets As a result of the acquisition of Trapelo in April 2021, the Company recorded $44.7 million in goodwill, all of which was recorded in the Clinical Services segment. As a result of the acquisition of Inivata in June 2021, the Company recorded $271.4 million in goodwill, of which $238.4 million and $33.0 million are assigned to the Clinical Services and Pharma segments, respectively. For further information regarding the Trapelo and Inivata acquisitions, please refer to Note 3. Acquisitions. The following table summarizes the changes in the carrying amount of goodwill by segment as of December 31, 2021 and 2020 (in thousands):
| Clinical Services |  | Pharma Services |  | Total
Balance at December 31, 2020 | $ | 179,534 |  |  | $ | 31,549 |  |  | $ | 211,083 |
Goodwill acquired - Trapelo | 44,664 |  |  | — |  |  | 44,664 |
Goodwill acquired - Inivata | 238,405 |  |  | 32,963 |  |  | 271,368 |
Balance at December 31, 2021 | $ | 462,603 |  |  | $ | 64,512 |  |  | $ | 527,115 |
Intangible assets consisted of the following as of December 31, 2021 and 2020 (in thousands):
|  |  | 2021
| Amortization Period (years) |  | Cost |  | Accumulated Amortization |  | Net
Customer Relationships | 7-15 |  | $ | 143,101 |  |  | $ | 45,756 |  |  | $ | 97,345 |
Developed Technology | 10-15 |  | 310,226 |  |  | 11,798 |  |  | 298,428 |
Marketing Assets | 4 |  | 549 |  |  | 100 |  |  | 449 |
Trademarks | 15 |  | 31,473 |  |  | 1,125 |  |  | 30,348 |
Trade Name | 5 |  | 2,584 |  |  | 276 |  |  | 2,308 |
Trademark - Indefinite lived | — |  | 13,447 |  |  | — |  |  | 13,447 |
Total |  |  | $ | 501,380 |  |  | $ | 59,055 |  |  | $ | 442,325 |
|  |  | 2020
| Amortization Period (years) |  | Cost |  | Accumulated Amortization |  | Net
Customer Relationships | 7-15 |  | $ | 143,101 |  |  | $ | 35,895 |  |  | $ | 107,206 |
Trademark - Indefinite lived | — |  | 13,447 |  |  | — |  |  | 13,447 |
Total |  |  | $ | 156,548 |  |  | $ | 35,895 |  |  | $ | 120,653 |
For the years ended December 31, 2021, 2020, and 2019, amortization on the Consolidated Statements of Operations was recorded as follows (in thousands):
| 2021 |  | 2020 |  | 2019
Amortization recorded in: |  |  |  |  |
Cost of revenue | $ | 10,407 |  |  | $ | — |  |  | $ | — |
General and administrative | 12,753 |  |  | 9,817 |  |  | 9,925 |
Total amortization | $ | 23,160 |  |  | $ | 9,817 |  |  | $ | 9,925 |
As of December 31, 2021, the estimated amortization expense related to amortizable intangible assets for each of the five following years and thereafter is as follows (in thousands):
2022 |  | $ | 33,899 |
2023 |  | 33,899 |
2024 |  | 33,899 |
2025 |  | 33,798 |
2026 |  | 33,485 |
Thereafter |  | 259,898 |
Total |  | $ | 428,878 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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