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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill
On December 1, 2024, the Company performed a qualitative assessment of its reporting unit taking into consideration past, current and projected future earnings, recent trends and market conditions, and its market capitalization. Based on this analysis, the Company concluded that it was more likely than not that the fair value of the reporting unit exceeded its carrying amount. As such, it was not necessary to perform the quantitative goodwill impairment assessment at this time. As of December 31, 2024, 2023 and 2022, there has been no impairment of goodwill.
The following table presents details of the Company’s goodwill as of December 31, 2024 and 2023 (in thousands):
20242023
Balance as of January 1,$40,336 $37,523 
Goodwill acquired— 2,646 
Remeasurement adjustment
— 167 
Balance as of December 31,$40,336 $40,336 
Intangible Assets
The following table presents details of the Company’s intangible assets as of December 31, 2024 ($ in thousands):
December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Foreign
Currency
Translation
Net Carrying
Amount
Weighted
Average
Remaining
Useful Life
(In Years)
Intangible assets with finite lives:
Acquired and developed technology$37,367 $(21,357)$(2,531)$13,479 6.6
Customer relationships25,718 (10,777)(2,332)12,609 8.4
Commercialization rights11,579 (5,760)— 5,819 4.6
Trademarks and tradenames5,220 (2,094)(356)2,770 8.5
Total intangible assets with finite lives79,884 (39,988)(5,219)34,677 
Acquired in-process technology1,250 — — 1,250 
Favorable license agreement2,257 — — 2,257 
Total intangible assets with indefinite lives3,507 — — 3,507 
Total intangible assets$83,391 $(39,988)$(5,219)$38,184 
The following table presents details of the Company’s intangible assets as of December 31, 2023 ($ in thousands):
December 31, 2023
Gross
Carrying
Amount
Accumulated
Amortization
Foreign
Currency
Translation
Net Carrying
Amount
Weighted
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 
Acquired in-process technology1,250 — — 1,250 
Favorable license agreement2,726 — — 2,726 
Total intangible assets with indefinite lives3,976 — — 3,976 
Total intangible assets$83,860 $(33,643)$(4,516)$45,701 
As of December 31, 2024, 2023 and 2022, there has been no impairment of intangible assets.
The following table summarizes the Company's amortization expense of intangible assets (in thousands):
Year Ended December 31,
202420232022
Cost of testing services$1,316 $1,316 $1,316 
Cost of product1,660 1,655 1,716 
Cost of patient and digital solutions850 1,039 945 
Sales and marketing2,520 2,457 2,252 
Total $6,346 $6,467 $6,229 
The following table summarizes the Company’s estimated future amortization expense of intangible assets with finite lives as of December 31, 2024 (in thousands):
Years Ending December 31,Cost of Testing Services
Cost of
Product
Cost of Patient and Digital Solutions
Sales and
Marketing
Total
2025$1,316 $1,614 $681 $2,488 $6,099 
20261,316 730 681 2,487 5,214 
20271,316 730 681 2,473 5,200 
20281,316 730 681 2,473 5,200 
20291,085 730 493 2,177 4,485 
Thereafter424 1,795 969 5,291 8,479 
Total future amortization expense$6,773 $6,329 $4,186 $17,389 $34,677