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Goodwill and Acquired Intangible Assets, net | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangible Assets, net | 4. Good will and Acquired Intangible Assets, net The changes in the carrying value of goodwill by segment are as follows (in thousands):
|  | Proteomics |  |  | Genomics |  |  | Total |
Balance as of December 31, 2023 |  | $ | 85,798 |  |  | $ | 20,519 |  |  | $ | 106,317 |
Foreign currency translation |  |  | 27 |  |  |  | (2 | ) |  |  | 25 |
Balance as of September 30, 2024 |  | $ | 85,825 |  |  | $ | 20,517 |  |  | $ | 106,342 |
Acquired intangible assets, net consisted of the following (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Developed technology |  | $ | 137,414 |  |  | $ | (119,081 | ) |  | $ | 18,333 |  |  | $ | 117,354 |  |  | $ | (115,954 | ) |  | $ | 1,400 |
Trade name |  |  | 2,750 |  |  |  | (294 | ) |  |  | 2,456 |  |  |  | — |  |  |  | — |  |  |  | — |
Customer relationships |  |  | 2,750 |  |  |  | (172 | ) |  |  | 2,578 |  |  |  | — |  |  |  | — |  |  |  | — |
Acquired intangible assets, net |  | $ | 142,914 |  |  | $ | (119,547 | ) |  | $ | 23,367 |  |  | $ | 117,354 |  |  | $ | (115,954 | ) |  | $ | 1,400 |
Total amortization expense of the Company's acquired intangible assets was $0.7 million and $2.8 million for the three months ended September 30, 2024 and 2023, respectively. Total amortization expense of the Company's acquired intangible assets was $3.5 million and $8.4 million for the nine months ended September 30, 2024 and 2023, respectively. There were no indicators of impairment of goodwill, long-lived assets or intangible assets during the nine months ended September 30, 2024. As of September 30, 2024, future expected amortization expense of acquired intangible assets, net was as follows (in thousands):
Fiscal Period |  |
2024 remainder of the year | $ | 711 |
2025 |  | 2,844 |
2026 |  | 2,844 |
2027 |  | 2,844 |
2028 |  | 2,844 |
Thereafter |  | 11,280 |
Total | $ | 23,367 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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