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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Company's Identifiable Intangible Assets

A summary of the Company’s identifiable intangible assets as of June 30, 2022 and December 31, 2021 is as follows (in thousands, except for years):

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

June 30, 2022

 

Weighted
Average
Amortization
Period
(Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Intangibles,
Net

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Intangibles,
Net

 

Customer relationships

 

 

2

 

 

$

1,585

 

 

$

1,466

 

 

$

119

 

 

$

1,585

 

 

$

1,453

 

 

$

132

 

Acquired technology

 

 

19

 

 

 

3,410

 

 

 

1,500

 

 

 

1,910

 

 

 

3,410

 

 

 

1,412

 

 

 

1,998

 

Acquired in-process research and development

 

 

 

 

 

127,650

 

 

 

 

 

 

127,650

 

 

 

218,430

 

 

 

 

 

 

218,430

 

Technology placed in service

 

 

15

 

 

 

21,940

 

 

 

5,485

 

 

 

16,455

 

 

 

21,940

 

 

 

4,754

 

 

 

17,186

 

Patent rights

 

 

15

 

 

 

32,720

 

 

 

12,373

 

 

 

20,347

 

 

 

32,720

 

 

 

11,283

 

 

 

21,437

 

Assembled workforce

 

 

5

 

 

 

605

 

 

 

404

 

 

 

201

 

 

 

605

 

 

 

343

 

 

 

262

 

Internally developed software

 

 

2

 

 

 

520

 

 

 

347

 

 

 

173

 

 

 

520

 

 

 

260

 

 

 

260

 

Acquired licenses

 

 

15

 

 

 

5,711

 

 

 

 

 

 

5,711

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

 

$

194,141

 

 

$

21,575

 

 

$

172,566

 

 

$

279,210

 

 

$

19,505

 

 

$

259,705

 

Schedule of Estimated Future Amortization Expense Related to Intangible Assets

Aggregate amortization expense was $1.0 million and $1.1 million for the three months ended June 30, 2022 and 2021, respectively. Aggregate amortization expense was $2.1 million for each of the six months ended June 30, 2022 and 2021. Estimated future amortization expense related to intangible assets, excluding indefinite-lived intangible assets, at June 30, 2022 is as follows (in thousands):

 

Years Ending December 31,

 

Amount

 

2022 (Remaining six months)

 

$

2,253

 

2023

 

 

4,416

 

2024

 

 

4,239

 

2025

 

 

4,214

 

2026

 

 

4,214

 

Thereafter

 

 

25,580

 

Total expected future amortization

 

$

44,916