XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following table summarizes the carrying amounts of goodwill by segment at March 31, 2023 and December 31, 2022 (in thousands):
|  | March 31, 2023 |  | December 31, 2022
Clinical Services |  | $ | 458,782 |  |  | $ | 458,782 |
Pharma Services |  | 63,984 |  |  | 63,984 |
Total |  | $ | 522,766 |  |  | $ | 522,766 |
Intangible assets consisted of the following (in thousands):
|  |  |  | March 31, 2023
|  | Amortization Period (years) |  | Cost |  | Accumulated Amortization |  | Net
Customer Relationships |  | 7 - 15 |  | $ | 143,101 |  |  | $ | 58,117 |  |  | $ | 84,984 |
Developed Technology |  | 10 - 15 |  | 310,226 |  |  | 38,447 |  |  | 271,779 |
Marketing Assets |  | 4 |  | 549 |  |  | 273 |  |  | 276 |
Trademarks |  | 15 |  | 31,473 |  |  | 3,748 |  |  | 27,725 |
Trade Name |  | 2.5 |  | 2,584 |  |  | 1,318 |  |  | 1,266 |
Trademark - Indefinite lived |  | — |  | 13,447 |  |  | — |  |  | 13,447 |
Total |  |  |  | $ | 501,380 |  |  | $ | 101,903 |  |  | $ | 399,477 |
|  |  |  | December 31, 2022
|  | Amortization Period (years) |  | Cost |  | Accumulated Amortization |  | Net
Customer Relationships |  | 7 - 15 |  | $ | 143,101 |  |  | $ | 55,645 |  |  | $ | 87,456 |
Developed Technology |  | 10 - 15 |  | 310,226 |  |  | 33,117 |  |  | 277,109 |
Marketing Assets |  | 4 |  | 549 |  |  | 238 |  |  | 311 |
Trademarks |  | 15 |  | 31,473 |  |  | 3,223 |  |  | 28,250 |
Trade Name |  | 2.5 |  | 2,584 |  |  | 897 |  |  | 1,687 |
Trademark - Indefinite lived |  | — |  | 13,447 |  |  | — |  |  | 13,447 |
Total |  |  |  | $ | 501,380 |  |  | $ | 93,120 |  |  | $ | 408,260 |
The Company records amortization expense within cost of revenue and general and administrative expense on the Consolidated Statement of Operations. The following table summarizes the amortization expense for the three months ended March 31, 2023 and 2022 (in thousands):
|  | Three Months Ended March 31,
|  | 2023 |  | 2022
Amortization of intangibles included in cost of revenue |  | $ | 4,853 |  |  | $ | 4,853 |
Amortization of intangibles included in general and administrative expenses |  | 3,930 |  |  | 3,637 |
Total amortization of intangibles |  | $ | 8,783 |  |  | $ | 8,490 |
The estimated amortization expense related to amortizable intangible assets for each of the following periods as of March 31, 2023 is as follows (in thousands):
Remainder of 2023 | $ | 26,350 |
2024 | 33,447 |
2025 | 33,343 |
2026 | 33,308 |
2027 | 32,758 |
Thereafter | 226,824 |
Total | $ | 386,030 |

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