Goodwill and Intangibles Assets (Tables)
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3 Months Ended |
Mar. 31, 2019 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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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:
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March 31, 2019 |
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December 31, 2018 |
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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 Value |
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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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$ |
(1,265 |
) |
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$ |
805 |
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$ |
2,070 |
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$ |
(1,130 |
) |
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$ |
940 |
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Developed technology |
6.9 |
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240,461 |
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(83,055 |
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157,406 |
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238,961 |
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(74,630 |
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164,331 |
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Trademarks and trade names |
6.1 |
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13,800 |
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(4,816 |
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8,984 |
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13,800 |
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(4,252 |
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9,548 |
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Customer relationships |
4.6 |
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121,100 |
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(60,697 |
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60,403 |
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121,100 |
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(55,647 |
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65,453 |
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Non-compete covenants |
3.0 |
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1,100 |
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(964 |
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136 |
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1,100 |
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(872 |
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228 |
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6.1 |
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$ |
378,531 |
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$ |
(150,797 |
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$ |
227,734 |
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$ |
377,031 |
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$ |
(136,531 |
) |
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$ |
240,500 |
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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 March 31, |
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2019 |
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2018 |
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(in thousands) |
Cost of net revenue |
$ |
8,434 |
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$ |
8,978 |
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Research and development |
34 |
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42 |
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Selling, general and administrative |
5,798 |
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7,994 |
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$ |
14,266 |
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$ |
17,014 |
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| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
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Three Months Ended March 31, |
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2019 |
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2018 |
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(in thousands) |
Beginning balance |
$ |
240,500 |
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$ |
310,645 |
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Transfers to developed technology from IPR&D |
1,500 |
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— |
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Amortization |
(14,266 |
) |
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(17,014 |
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Ending balance |
$ |
227,734 |
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$ |
293,631 |
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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 March 31, 2019:
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Amount |
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(in thousands) |
2019 (9 months) |
$ |
42,715 |
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2020 |
56,168 |
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2021 |
55,385 |
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2022 |
37,855 |
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2023 |
25,660 |
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Thereafter |
9,951 |
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Total |
$ |
227,734 |
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| Schedule of Indefinite-Lived Intangible Assets |
Indefinite-lived intangible assets consist entirely of acquired in-process research and development technology, or IPR&D. The following table sets forth the Company’s activities related to the indefinite-lived intangible assets:
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Three Months Ended March 31, |
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2019 |
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2018 |
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(in thousands) |
Beginning balance |
$ |
4,400 |
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$ |
4,400 |
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Transfers to developed technology from IPR&D |
(1,500 |
) |
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— |
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Ending balance |
$ |
2,900 |
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$ |
4,400 |
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