Goodwill and Intangible Assets, net (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill consisted of the following (in thousands):

Balance as of December 31, 2022	$	60,210
Impact of foreign currency translation		592
Measurement period adjustments		(1,973	)
Balance as of June 30, 2023	$	58,829

During the six months ended June 30, 2023, the Company recognized a measurement period adjustment related to the Zymergen acquisition, which resulted in a decrease to goodwill of $2.2 million, an increase to accounts receivable of $1.8 million, and a decrease to accrued expenses and other current liabilities of $0.4 million. The adjustment was a result of updated information about facts and circumstances that existed at the acquisition date regarding the collectability of an acquired accounts receivable and accrued expenses under a collaboration agreement. Additionally, $0.2 million was added to goodwill related to the Altar SAS acquisition.

Schedule of Intangible Assets

Intangible assets, net consisted of the following (in thousands):

	Gross Carrying Value (1)		Accumulated Amortization (1)			Net Carrying Value		Weighted Average Amortization Period
June 30, 2023:
Developed technology	$	118,134	$	(16,717	)	$	101,417		9.0
Database		3,700		(371	)		3,329		6.3
Customer relationships		380		(166	)		214		1.1
Assembled workforce		190		(117	)		73		0.5
Total intangible assets	$	122,404	$	(17,371	)	$	105,033
December 31, 2022:
Developed technology	$	115,824	$	(8,825	)	$	106,999		9.4
Database		3,700		(107	)		3,593		6.8
Customer relationships		380		(71	)		309		1.6
Assembled workforce		190		(50	)		140		1.0
Total intangible assets	$	120,094	$	(9,053	)	$	111,041

(1) Gross carrying value and accumulated amortization include the impact of cumulative foreign currency translation adjustments.

Schedule of Estimated Future Amortization Expense

Amortization expense was $4.0 million and $0.8 million for the three months ended June 30, 2023 and 2022, respectively, and $8.3 million and $1.3 million for the six months ended June 30, 2023 and 2022, respectively. As of June 30, 2023, estimated future amortization expense for identifiable intangible assets is as follows (in thousands):

Remainder of 2023	$	7,911
2024		15,630
2025		15,505
2026		15,505
2027		12,431
Thereafter		38,051
Total	$	105,033