XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying amount of goodwill for the six months ended June 30, 2024 are as follows:
(in millions) | Total
Beginning balance | $ | 287.4 |
Goodwill impairment | (0.8) |
Translation adjustments | (0.3) |
Ending balance | $ | 286.3 |
The Company recognized a goodwill impairment charge of $0.8 million during the six months ended June 30, 2024 related to the goodwill allocated to assets held for sale in the Myriad International reporting unit. The goodwill impairment charge is reflected in Goodwill and long-lived asset impairment charges in the Condensed Consolidated Statements of Operations. See Note 18 for further discussion. Intangible Assets Intangible assets consist of amortizable assets of developed technologies, customer relationships, and trademarks. The following summarizes the amounts reported as intangible assets:
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At June 30, 2024 |  |  |  |  |
Developed technologies | $ | 624.1 |  |  | $ | (315.1) |  |  | $ | 309.0 |
Internal-use software | 1.6 |  |  | (0.4) |  |  | 1.2 |
Internal-use software (in-process) | 16.0 |  |  | — |  |  | 16.0 |
Customer relationships | 1.6 |  |  | (0.3) |  |  | 1.3 |
Trademarks | 6.1 |  |  | (1.0) |  |  | 5.1 |
Total intangible assets | 649.4 |  |  | $ | (316.8) |  |  | 332.6 |
Reclassification of assets held for sale | (21.6) |  |  | $ | 8.5 |  |  | (13.1) |
Total intangible assets | $ | 627.8 |  |  | $ | (308.3) |  |  | $ | 319.5 |
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net
At December 31, 2023 |  |  |  |  |
Developed technologies | $ | 626.1 |  |  | $ | (295.3) |  |  | $ | 330.8 |
Internal-use software | 0.8 |  |  | (0.1) |  |  | 0.7 |
Internal-use software (in-process) | 11.2 |  |  | — |  |  | 11.2 |
Customer relationships | 1.6 |  |  | (0.2) |  |  | 1.4 |
Trademarks | 6.1 |  |  | (0.7) |  |  | 5.4 |
Total intangible assets | $ | 645.8 |  |  | $ | (296.3) |  |  | $ | 349.5 |
The Company recorded amortization expense during the respective periods for these intangible assets as follows:
| Three months ended June 30, |  | Six months ended June 30,
(in millions) | 2024 |  |  | 2023 |  | 2024 |  |  | 2023
Amortization of intangible assets | $ | 10.6 |  |  |  | $ | 10.6 |  |  | $ | 21.4 |  |  |  | $ | 21.3 |

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration