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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following tables present details of the Company’s intangible assets as of March 31, 2018 (in thousands):

 

 

 

March 31, 2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net Carrying

Amount

 

 

Remaining

Useful Life

(In Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships: Allenex

 

$

12,650

 

 

$

(1,609

)

 

$

(411

)

 

$

10,630

 

 

 

12.8

 

Customer relationships: Conexio

 

 

28

 

 

 

(4

)

 

 

 

 

 

24

 

 

 

7.8

 

Developed technology: Olerup SSP

 

 

11,650

 

 

 

(2,244

)

 

 

(392

)

 

 

9,014

 

 

 

7.8

 

Acquired technology: Olerup QTYPE

 

 

4,510

 

 

 

(454

)

 

 

(143

)

 

 

3,913

 

 

 

12.8

 

Acquired technology: Olerup SBT

 

 

127

 

 

 

(18

)

 

 

3

 

 

 

112

 

 

 

7.8

 

Acquired technology: dd-cfDNA

 

 

6,650

 

 

 

(253

)

 

 

 

 

 

6,397

 

 

 

12.6

 

Trademarks

 

 

2,260

 

 

 

(348

)

 

 

(13

)

 

 

1,899

 

 

 

12.8

 

Total intangible assets

 

$

37,875

 

 

$

(4,930

)

 

$

(956

)

 

$

31,989

 

 

 

 

 

 

The following tables present details of the Company’s intangible assets as of December 31, 2017 (in thousands):

 

 

December 31, 2017

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net Carrying

Amount

 

 

Remaining

Useful Life

(In Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships: Allenex

 

$

12,650

 

 

$

(1,394

)

 

$

(250

)

 

$

11,006

 

 

 

13.0

 

Customer relationships: Conexio

 

 

28

 

 

 

(3

)

 

 

1

 

 

 

26

 

 

 

8.1

 

Developed technology: Olerup SSP

 

 

11,650

 

 

 

(1,942

)

 

 

(258

)

 

 

9,450

 

 

 

8.0

 

Acquired technology: Olerup QTYPE

 

 

4,510

 

 

 

(376

)

 

 

(84

)

 

 

4,050

 

 

 

13.0

 

Acquired technology: Olerup SBT

 

 

127

 

 

 

(14

)

 

 

5

 

 

 

118

 

 

 

8.1

 

Acquired technology: dd-cfDNA

 

 

6,650

 

 

 

(127

)

 

 

 

 

 

6,523

 

 

 

12.9

 

Trademarks

 

 

2,260

 

 

 

(310

)

 

 

16

 

 

 

1,966

 

 

 

13.0

 

Total intangible assets

 

$

37,875

 

 

$

(4,166

)

 

$

(570

)

 

$

33,139

 

 

 

 

 

 

Summary of Estimated Future Amortization Expense of Intangible Assets

The following table summarizes the Company’s estimated future amortization expense of intangible assets as of March 31, 2018 (in thousands):

 

Years Ending December 31,

 

Cost of

Product

 

 

Sales and

Marketing

 

 

Total

 

Remainder of 2018

 

$

1,495

 

 

$

739

 

 

$

2,234

 

2019

 

 

1,993

 

 

 

986

 

 

 

2,979

 

2020

 

 

1,993

 

 

 

986

 

 

 

2,979

 

2021

 

 

1,993

 

 

 

986

 

 

 

2,979

 

2022

 

 

1,993

 

 

 

986

 

 

 

2,979

 

2023

 

 

1,993

 

 

 

986

 

 

 

2,979

 

Thereafter

 

 

7,975

 

 

 

6,885

 

 

 

14,860

 

Total future amortization expense

 

$

19,435

 

 

$

12,554

 

 

$

31,989