Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.10.0.1
Goodwill and Intangibles Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes in the carrying amount of goodwill:
 
Carrying Amount
 
(in thousands)
Balance as of December 31, 2017
$
237,992

Adjustments
338

Balance as of June 30, 2018
$
238,330

Schedule of Acquired Finite-Lived Intangible Assets by Major Class
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized:
 
 
 
June 30, 2018
 
December 31, 2017
 
Weighted
Average
Useful Life
(in Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
 
 
(in thousands)
Licensed technology
3.7
 
$
2,070

 
$
(860
)
 
$
1,210

 
$
2,070

 
$
(575
)
 
$
1,495

Developed technology
6.9
 
241,561

 
(57,189
)
 
184,372

 
241,561

 
(39,252
)
 
202,309

Trademarks and trade names
6.1
 
13,800

 
(3,122
)
 
10,678

 
13,800

 
(1,992
)
 
11,808

Customer relationships
4.6
 
121,100

 
(41,154
)
 
79,946

 
121,100

 
(26,661
)
 
94,439

Non-compete covenants
3.0
 
1,100

 
(689
)
 
411

 
1,100

 
(506
)
 
594

 
6.1
 
$
379,631

 
$
(103,014
)
 
$
276,617

 
$
379,631

 
$
(68,986
)
 
$
310,645

Finite-lived Intangible Assets Amortization Expense
The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
 
(in thousands)
Cost of net revenue
$
8,978

 
$
6,260

 
$
17,956

 
$
8,944

Research and development
42

 
138

 
84

 
275

Selling, general and administrative
7,994

 
8,262

 
15,988

 
10,143

 
$
17,014

 
$
14,660


$
34,028


$
19,362

Schedule of Finite-Lived Intangible Assets
The following table sets forth the activity during the six months ended June 30, 2018 related to finite-lived intangible assets resulting from amortization:
 
Carrying Amount
 
(in thousands)
Balance as of December 31, 2017
$
310,645

Amortization
(34,028
)
Balance as of June 30, 2018
$
276,617

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2018:
 
Amount
 
(in thousands)
2018 (6 months)
$
34,013

2019
57,191

2020
56,325

2021
55,542

2022
38,012

Thereafter
35,534

Total
$
276,617