Goodwill and Intangibles Assets (Tables)
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9 Months Ended |
Sep. 30, 2018 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The following table presents the changes in the carrying amount of goodwill:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2017 |
$ |
237,992 |
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Adjustments |
338 |
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Balance as of September 30, 2018 |
$ |
238,330 |
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| 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:
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September 30, 2018 |
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December 31, 2017 |
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Weighted
Average
Useful Life
(in Years)
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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(in thousands) |
Licensed technology |
3.7 |
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$ |
2,070 |
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$ |
(995 |
) |
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$ |
1,075 |
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$ |
2,070 |
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$ |
(575 |
) |
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$ |
1,495 |
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Developed technology |
6.9 |
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238,961 |
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(65,755 |
) |
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173,206 |
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241,561 |
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(39,252 |
) |
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202,309 |
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Trademarks and trade names |
6.1 |
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13,800 |
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(3,687 |
) |
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10,113 |
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13,800 |
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(1,992 |
) |
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11,808 |
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Customer relationships |
4.6 |
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121,100 |
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(48,400 |
) |
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72,700 |
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121,100 |
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(26,661 |
) |
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94,439 |
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Non-compete covenants |
3.0 |
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1,100 |
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(781 |
) |
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319 |
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1,100 |
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(506 |
) |
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594 |
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6.1 |
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$ |
377,031 |
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$ |
(119,618 |
) |
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$ |
257,413 |
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$ |
379,631 |
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$ |
(68,986 |
) |
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$ |
310,645 |
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| 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:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2018 |
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2017 |
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2018 |
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2017 |
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(in thousands) |
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(in thousands) |
Cost of net revenue |
$ |
8,979 |
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$ |
7,907 |
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$ |
26,935 |
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$ |
16,851 |
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Research and development |
33 |
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137 |
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117 |
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412 |
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Selling, general and administrative |
7,994 |
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9,924 |
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23,982 |
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|
20,067 |
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$ |
17,006 |
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$ |
17,968 |
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$ |
51,034 |
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$ |
37,330 |
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| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity during the nine months ended September 30, 2018 related to finite-lived intangible assets resulting from amortization and impairment losses:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2017 |
$ |
310,645 |
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Amortization |
(51,034 |
) |
Impairment losses |
(2,198 |
) |
Balance as of September 30, 2018 |
$ |
257,413 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2018:
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Amount |
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(in thousands) |
2018 (3 months) |
$ |
16,913 |
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2019 |
56,819 |
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2020 |
55,954 |
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2021 |
55,171 |
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2022 |
37,641 |
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Thereafter |
34,915 |
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Total |
$ |
257,413 |
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