Acquisitions (Tables)

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable

The Acquisition Date fair value of common stock transferred is calculated below (in thousands, except share and per share amounts):

Common Stock Valuation	Amount
Shares of common stock issued as consideration	1,000,000
	$	13.94
Value of common stock issued as consideration	$	13,940
Issue discount due to lack of marketability	$	(697)
Fair value of common stock at December 10, 2018	$	13,243

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The acquisition fair values below are presented as of December 10, 2018 (in thousands):

	December 10, 2018 (As Initially Reported)		Measurement Period and Other Adjustments		December 10, 2018 (As Adjusted)
Current assets	$	22,172	$	2,765	$	24,937
Property and equipment	21,029		(428)		20,601
Identifiable intangible assets	71,792		(3,463)		68,329
Goodwill	50,873		709		51,582
Long-term assets	170		—		170
Total assets acquired	$	166,036	$	(417)	$	165,619
Current liabilities	(10,769)		(1,430)		(12,199)
Long-term liabilities (1)	(15,265)		1,847		(13,418)
Net assets acquired	$	140,002	$	—	$	140,002

⁽¹⁾ Includes $14.7 million and $12.9 million as initially reported and as adjusted, respectively, in deferred tax liabilities associated with tangible and intangible assets acquired.

Business Acquisition, Pro Forma Information

The following unaudited pro forma information (in thousands) has been provided for illustrative purposes only and is not necessarily indicative of results that would have occurred had the acquisition of Genoptix occurred on January 1, 2018, nor are they necessarily indicative of future results.

	For the Year Ended December 31, 2018 (unaudited)
Revenue	$	367,988
Net loss	$	(1,999)
Net income available to common stockholders	$	1,401

The following unaudited pro forma information (in thousands) has been provided for illustrative purposes only and is not necessarily indicative of results that would have occurred had the Acquisition been in effect since January 1, 2017, nor are they necessarily indicative of future results.

	For the Years ended December 31, (unaudited)
	2018		2017
Revenue	$	367,988	$	356,711
Net income (loss) attributable to common stockholders	1,401		(42,930)
Income (loss) per share	$	0.02	$	(0.53)
Basic	85,618		80,426
Diluted	91,568		80,426