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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
The following table presents details of the Company’s intangible assets as of March 31, 2024 ($ in thousands):
March 31, 2024
Gross Carrying AmountAccumulated AmortizationForeign Currency TranslationNet Carrying AmountWeighted Average Remaining Useful Life
(In Years)
Intangible assets with finite lives:
Acquired and developed technology$37,367 $(19,158)$(2,459)$15,750 7.1
Customer relationships25,718 (9,518)(2,213)13,987 9.0
Commercialization rights11,579 (4,812)— 6,767 5.3
Trademarks and tradenames5,220 (1,809)(335)3,076 9.2
Total intangible assets with finite lives79,884 (35,297)(5,007)39,580 
Intangible assets with indefinite lives:
Acquired in-process technology1,250 — — 1,250 
Favorable license agreement
2,500 — — 2,500 
Total intangible assets with indefinite lives
3,750 — — 3,750 
Total intangible assets$83,634 $(35,297)$(5,007)$43,330 
The following table presents details of the Company’s intangible assets as of December 31, 2023 ($ in thousands):
December 31, 2023
Gross Carrying AmountAccumulated AmortizationForeign Currency TranslationNet Carrying AmountWeighted Average Remaining Useful Life
(In Years)
Intangible assets with finite lives:
Acquired and developed technology$37,367 $(18,340)$(2,269)$16,758 7.2
Customer relationships25,718 (9,094)(1,959)14,665 9.2
Commercialization rights11,579 (4,496)— 7,083 5.6
Trademarks and tradenames5,220 (1,713)(288)3,219 9.3
Total intangible assets with finite lives79,884 (33,643)(4,516)41,725 
Intangible assets with indefinite lives:
Acquired in-process technology1,250 — — 1,250 
Favorable license agreement
2,726 — — 2,726 
Total intangible assets with indefinite lives
3,976 — — 3,976 
Total intangible assets$83,860 $(33,643)$(4,516)$45,701 
Summary of Finite-Lived Intangible Assets Amortization Expense
The following table summarizes the Company’s amortization expense of intangible assets (in thousands):
Three Months Ended March 31,
20242023
Cost of testing services$329 $329 
Cost of product420 418 
Cost of patient and digital solutions271 248 
Sales and marketing
633 595 
Total$1,653 $1,590 
Summary of Estimated Future Amortization Expense of Intangible Assets
The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of March 31, 2024 (in thousands):
Years Ending December 31,Cost of Testing ServicesCost of ProductCost of Patient and Digital SolutionsSales and MarketingTotal
Remainder of 2024$987 $1,237 $578 $1,885 $4,687 
20251,316 1,649 681 2,513 6,159 
20261,316 737 681 2,511 5,245 
20271,316 737 681 2,497 5,231 
20281,316 737 681 2,497 5,231 
Thereafter1,509 2,540 1,462 7,516 13,027 
Total future amortization expense$7,760 $7,637 $4,764 $19,419 $39,580