v3.25.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill
The following table summarizes the activity in the Company’s goodwill by segment for the six months ended June 30, 2025 (in thousands):
Nucleic Acid Production (1)
Biologics Safety Testing (2)
Total
Balance as of December 31, 2024$39,950 $119,928 $159,878 
Acquisitions
12,207 — 12,207 
Impairment
(42,884)— (42,884)
Foreign currency translation
228 — 228 
Balance as of June 30, 2025$9,501 $119,928 $129,429 
____________________
(1)The Nucleic Acid Production segment had accumulated goodwill impairment of $209.0 million and $166.2 million as of June 30, 2025 and December 31, 2024, respectively.
(2)The Biologics Safety Testing segment had no accumulated goodwill impairment as of June 30, 2025 and December 31, 2024.
Summary of Components of Finite-Lived Intangible Assets
The following are components of finite-lived intangible assets and accumulated amortization as of the periods presented (in thousands):
June 30, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Estimated
Useful
Life
Weighted
Average
Remaining
Amortization
Period
(in thousands)(in years)(in years)
Trade Names$7,800 $(7,129)$671 
3 - 10
1.5
Patents and Developed Technology (1)
333,418 (147,826)185,592 
10 - 14
7.6
Customer Relationships (1)
22,403 (15,600)6,803 
6 - 12
4.9
Total$363,621 $(170,555)$193,066 7.5

December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Estimated
Useful
Life
Weighted
Average
Remaining
Amortization
Period
(in thousands)(in years)(in years)
Trade Names$7,800 $(6,885)$915 
3 - 10
2.0
Patents and Developed Technology321,149 (134,822)186,327 
10- 14
8.0
Customer Relationships22,313 (14,598)7,715 
10 - 12
5.2
Total$351,262 $(156,305)$194,957 7.8
____________________
(1)Certain intangible assets are denominated in currencies other than U.S. dollar; therefore, their gross and net carrying values are subject to foreign currency movements.
Summary of Estimated Future Amortization Expense For Finite-lived Intangible Assets
As of June 30, 2025, the estimated future amortization expense for finite-lived intangible assets was as follows (in thousands):
2025 (remaining six months)
$14,422 
202628,618 
202727,602 
202827,382 
202926,217 
Thereafter68,825 
Total estimated amortization expense$193,066