v3.23.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023 ($ in thousands):
March 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$36,517 $(15,931)$(2,336)$18,250 7.5
Customer relationships24,908 (7,852)(2,067)14,989 9.5
Commercialization rights11,579 (3,549)— 8,030 6.3
Trademarks and tradenames4,860 (1,434)(308)3,118 9.2
Total intangible assets with finite lives77,864 (28,766)(4,711)44,387 
Acquired in-process technology1,250 — — 1,250 
Total intangible assets$79,114 $(28,766)$(4,711)$45,637 
The following table presents details of the Company’s intangible assets as of December 31, 2022 ($ in thousands):
December 31, 2022
Gross Carrying AmountAccumulated AmortizationForeign Currency TranslationNet Carrying AmountWeighted Average Remaining Useful Life
(In Years)
Intangible assets with finite lives:
Acquired and developed technology$35,747 $(15,138)$(2,369)$18,240 7.5
Customer relationships21,898 (7,459)(2,104)12,335 9.0
Commercialization rights11,579 (3,233)— 8,346 6.6
Trademarks and tradenames4,540 (1,345)(315)2,880 8.5
Total intangible assets with finite lives73,764 (27,175)(4,788)41,801 
Acquired in-process technology1,250 — — 1,250 
Total intangible assets$75,014 $(27,175)$(4,788)$43,051 
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,
20232022
Cost of testing services$329 $329 
Cost of product418 453 
Cost of patient and digital solutions248 236 
Sales & marketing595 605 
Total$1,590 $1,623 
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, 2023 (in thousands):
Years Ending December 31,Cost of Testing ServicesCost of ProductCost of Patient and Digital SolutionsSales and MarketingTotal
Remainder of 2023$987 $1,263 $761 $1,850 $4,861 
20241,316 1,684 779 2,467 6,246 
20251,316 1,684 610 2,467 6,077 
20261,316 745 610 2,465 5,136 
20271,316 745 610 2,451 5,122 
Thereafter2,825 3,299 1,605 9,216 16,945 
Total future amortization expense$9,076 $9,420 $4,975 $20,916 $44,387