Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Changes in Carrying Value of Goodwill

The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2022 and 2021 (amounts in thousands):

Balance as of December 31, 2020	$	618,305
Measurement period adjustment - NMS		(71	)
Measurement period adjustment - ARTeSYN		(60	)
Acquisition of Polymem		35,680
Acquisition of Avitide		199,245
Acquisition of NTM		10,180
Cumulative translation adjustment		(2,917	)
Balance as of December 31, 2021	$	860,362
Measurement period adjustment - BioFlex		(346	)
Measurement period adjustment - Avitide		(1,768	)
Cumulative translation adjustment		(2,735	)
Balance as of December 31, 2022	$	855,513

Intangible assets

Intangible assets, net consisted of the following at December 31, 2022:

	December 31, 2022
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed(1)	$	190,463	$	(30,992	)	$	159,471		16
Patents		240		(240	)		—		8
Customer relationships		252,934		(66,559	)		186,375		15
Trademarks		7,682		(1,319	)		6,363		19
Other intangibles		2,811		(2,044	)		767		4
Total finite-lived intangible assets		454,130		(101,154	)		352,976		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	454,830	$	(101,154	)	$	353,676

(1)Includes an upfront payment paid to DRS Daylight Solutions, Inc. ("Daylight") in September 2022 to exclusively license and commercialization rights to use certain technology and intellectual property which Daylight owns. The expected useful life of this technology is 15 years, which is the term of the exclusive License Agreement ("Daylight Agreement") and the period the Company expects to be able to utilize the license and which the technology will contribute directly to cash flows. See Note 12, "Commitments and Contingencies" for more information on this transaction.

Intangible assets consisted of the following at December 31, 2021:

	December 31, 2021
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted Average Useful Life (in years)
	(Amounts in thousands)
Finite-lived intangible assets:
Technology - developed	$	146,097	$	(21,553	)	$	124,544		17
Patents		240		(240	)		—		8
Customer relationships		254,699		(50,719	)		203,980		15
Trademarks		7,699		(877	)		6,822		19
Other intangibles		2,839		(1,611	)		1,228		4
Total finite-lived intangible assets		411,574		(75,000	)		336,574		16
Indefinite-lived intangible asset:
Trademarks		700		—			700		—
Total intangible assets	$	412,274	$	(75,000	)	$	337,274

Schedule of Amortization Expense for Amortized Intangible Assets

As of December 31, 2022, the Company expects to record the following amortization expense (amounts in thousands):

	Estimated
	Amortization
For the Years Ended December 31,	Expense
2023	$	29,286
2024		28,699
2025		28,361
2026		28,333
2027		28,305
2028 and thereafter		209,992
Total	$	352,976