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Goodwill and Acquisition-Related Intangibles (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summaries of Goodwill and Acquisitions-Related Intangibles Balances

Summaries of goodwill and acquisitions-related intangibles balances as of September 30, 2021 and December 30, 2020 were as follows:

 

 

 

September 30,

 

 

December 31,

 

 

Weighted-Average Amortization Period

2021

 

 

2020

 

 

 

(in thousands)

 

Goodwill

 

$

48,749

 

 

$

 

 

 

 

 

 

 

 

 

 

Royalty-free technology

10 Years

$

5,706

 

 

$

 

Less: accumulated amortization

 

 

(238

)

 

 

 

Royalty-free technology, net

 

 

5,468

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

12 Years

 

28,824

 

 

 

 

Less: accumulated amortization

 

 

(480

)

 

 

 

Customer relationships, net

 

 

28,344

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

10 Years

 

1,090

 

 

 

 

Less: accumulated amortization

 

 

(19

)

 

 

 

Trade name, net

 

 

1,071

 

 

 

 

 

 

 

 

 

 

 

 

 

Laboratory information system platform

5 Years

 

1,860

 

 

 

 

Less: accumulated amortization

 

 

(59

)

 

 

 

Laboratory information system platform, net

 

 

1,801

 

 

 

 

Total acquisition-related intangibles, net

 

$

36,684

 

 

$

 

Summary of Annual Amortization Expense For Acquisition-Related Intangibles

Based on the carrying value of acquisition-related intangibles recorded as of September 30, 2021, and assuming no subsequent impairment of the underlying assets, the annual amortization expense for acquisition-related intangibles is expected to be as follows:

 

 

Amounts

 

 

(in thousands)

 

2021 (remaining 3 months)

$

910

 

2022

 

3,597

 

2023

 

3,597

 

2024

 

3,597

 

2025

 

3,597

 

2026

 

3,278

 

Thereafter

 

18,108

 

Total

$

36,684