XML 49 R30.htm IDEA: XBRL DOCUMENT v3.20.4

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Acquisition [Line Items]

Schedule of pro forma consolidated results of operations

​

​	​	​	​	​	​	​
​		Year Ended			Year Ended
(in thousands except per share data)	​	December 31, 2020		​	December 31, 2019
​	​	(unaudited)		​	(unaudited)
Revenues	​	$	172,147	​	$	163,217
Net loss	​	$	(18,562)	​	$	(3,149)
Basic and diluted net loss per share	​	$	(2.08)	​	$	(0.09)

​

CRYOPDP

Business Acquisition [Line Items]

Schedule of summary of allocation of the purchase price as of the acquisition date

The following table summarizes the allocation of the purchase price as of the acquisition date (in thousands):

​	​	​	​
Total purchase consideration paid		$	56,971
​	​	​	​
Purchase price allocation:	​
Cash and cash equivalents	​		8,346
Accounts receivable	​		10,603
Inventories	​		644
Prepaid and other current assets	​		2,905
Property and equipment	​		2,863
Operating lease right-of-use assets	​		1,856
Intangible assets	​		28,235
Other long-term assets	​		569
Accounts payable and other accrued expenses	​		(11,110)
Accrued compensation and related expenses	​	​	(1,194)
Deferred revenue	​	​	(370)
Note payable	​	​	(4,690)
Operating lease liabilities	​		(1,856)
Deferred tax liability	​		(5,311)
Other long-term liabilities	​		(64)
Total identifiable net assets	​		31,426
Goodwill	​		25,545
​	​	$	56,971

Schedule of the preliminary fair value of intangible assets acquired at the date of acquisition and their estimated useful lives and amortization expense based on their respective useful lives

The following table summarizes the estimated fair values of CRYOPDP’s identifiable intangible assets at the date of acquisition and their estimated useful lives and amortization expense based on their respective useful lives (in thousands):

​	​	​	​	​	​	​	​	​	​	​
​		​							Annual
​	​	Estimated		​	Estimated	​	Amortization	​	Amortization
​	​	Fair Value		​	Useful Life	​	Method	​	Expense
Software	​	$	3,578		7		Straight-line	​	$	511
Customer relationships	​		5,871		11.5		Straight-line	​		511
Agent network	​		8,219		4		Straight-line	​		2,055
Trade name/trademarks	​		10,567		Indefinite		—	​		—
Total	​	$	28,235	​	​	​	​	​	$	3,077

MVE

Business Acquisition [Line Items]

Schedule of summary of allocation of the purchase price as of the acquisition date

The following table summarizes the allocation of the purchase price as of the acquisition date (in thousands):

​	​	​	​
Total purchase consideration paid		$	317,470
​	​	​	​
Purchase price allocation:	​
Cash and cash equivalents	​		2,955
Accounts receivable	​		10,645
Inventories	​		10,627
Prepaid and other current assets	​		256
Property and equipment	​		9,050
Operating lease right-of-use assets	​		2,154
Intangible assets	​		184,991
Other long-term assets	​		358
Accounts payable and other accrued expenses	​		(6,036)
Accrued compensation and related expenses	​	​	(1,139)
Operating lease liabilities	​		(2,160)
Deferred tax liability	​		(393)
Other long-term liabilities	​		(64)
Total identifiable net assets	​		211,244
Goodwill	​		106,226
​	​	$	317,470

Schedule of the preliminary fair value of intangible assets acquired at the date of acquisition and their estimated useful lives and amortization expense based on their respective useful lives

The following table summarizes the estimated fair values of MVE’s identifiable intangible assets and their estimated useful lives and amortization expense based on their respective useful lives (in thousands):

​	​	​	​	​	​	​	​	​	​	​
​		​	​						Annual
​	​	Estimated		​	Estimated	​	Amortization	​	Amortization
​	​	Fair Value		​	Useful Life	​	Method	​	Expense
Order backlog		​	2,600		0.125		Straight-line	​	$	—
Customer relationships		​	118,600		14.5		Straight-line	​		8,179
Developed technology		​	28,700		12		Straight-line	​		2,392
Land use rights		​	2,291		38		Straight-line	​		63
Trade name/trademarks		​	32,800		Indefinite		—	​		—
Total	​	$	184,991	​	​	​	​	​	$	10,634

CryoGene Partners [Member]

Business Acquisition [Line Items]

Schedule of summary of allocation of the purchase price as of the acquisition date

​

​	​	​	​
Total purchase price		$	20,317
​	​	​	​
Purchase price allocation:	​
Property and equipment	​		4,257
Intangible assets	​		5,280
Deferred revenue	​		(220)
Total identifiable net assets	​		9,317
Goodwill	​		11,000
​	​	$	20,317

Schedule of the preliminary fair value of intangible assets acquired at the date of acquisition and their estimated useful lives and amortization expense based on their respective useful lives

The following table summarizes the fair value of intangible assets acquired at the date of acquisition and their estimated useful lives and amortization expense based on their respective useful lives (in thousands):

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	Annual
​		Estimated			Estimated		Amortization		Amortization
​	​	Fair Value		​	Useful Life	​	Method	​	Expense
Non-compete agreement	​	$	390		5		Straight-line	​	$	78
Technology	​		510		5		Straight-line	​		102
Customer relationships	​		3,900		12		Straight-line	​		325
Trade name/trademark	​		480		15		Straight-line	​		32
Total	​	$	5,280	​	​	​	​	​	$	537

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_BusinessAcquisitionLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

+ References

No definition available.

+ Details

Name:	us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=cyrx_CryopdpMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=cyrx_MveCryobiologicalStorageBusinessMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=cyrx_CryogenePartnersMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: