Goodwill and Intangibles Assets (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2019 |
|
December 31, 2018 |
|
Weighted
Average
Useful Life
(in Years) |
|
Gross Carrying Amount |
|
Accumulated Amortization |
|
Net Carrying Amount |
|
Gross Carrying Value |
|
Accumulated Amortization |
|
Net Carrying Amount |
|
|
|
(in thousands) |
Licensed technology |
3.7 |
|
$ |
2,070 |
|
|
$ |
(1,378 |
) |
|
$ |
692 |
|
|
$ |
2,070 |
|
|
$ |
(1,130 |
) |
|
$ |
940 |
|
Developed technology |
6.9 |
|
240,461 |
|
|
(91,533 |
) |
|
148,928 |
|
|
238,961 |
|
|
(74,630 |
) |
|
164,331 |
|
Trademarks and trade names |
6.1 |
|
13,800 |
|
|
(5,381 |
) |
|
8,419 |
|
|
13,800 |
|
|
(4,252 |
) |
|
9,548 |
|
Customer relationships |
4.6 |
|
121,100 |
|
|
(65,747 |
) |
|
55,353 |
|
|
121,100 |
|
|
(55,647 |
) |
|
65,453 |
|
Non-compete covenants |
3.0 |
|
1,100 |
|
|
(1,050 |
) |
|
50 |
|
|
1,100 |
|
|
(872 |
) |
|
228 |
|
|
6.1 |
|
$ |
378,531 |
|
|
$ |
(165,089 |
) |
|
$ |
213,442 |
|
|
$ |
377,031 |
|
|
$ |
(136,531 |
) |
|
$ |
240,500 |
|
|
| 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, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
(in thousands) |
|
(in thousands) |
Cost of net revenue |
$ |
8,488 |
|
|
$ |
8,978 |
|
|
$ |
16,922 |
|
|
$ |
17,956 |
|
Research and development |
12 |
|
|
42 |
|
|
46 |
|
|
84 |
|
Selling, general and administrative |
5,792 |
|
|
7,994 |
|
|
11,590 |
|
|
15,988 |
|
|
$ |
14,292 |
|
|
$ |
17,014 |
|
|
$ |
28,558 |
|
|
$ |
34,028 |
|
|
| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
2019 |
|
2018 |
|
(in thousands) |
Beginning balance |
$ |
240,500 |
|
|
$ |
310,645 |
|
Transfers to developed technology from IPR&D |
1,500 |
|
|
— |
|
Amortization |
(28,558 |
) |
|
(34,028 |
) |
Ending balance |
$ |
213,442 |
|
|
$ |
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, 2019:
|
|
|
|
|
|
Amount |
|
(in thousands) |
2019 (6 months) |
$ |
28,423 |
|
2020 |
56,168 |
|
2021 |
55,385 |
|
2022 |
37,855 |
|
2023 |
25,660 |
|
Thereafter |
9,951 |
|
Total |
$ |
213,442 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
2019 |
|
2018 |
|
(in thousands) |
Beginning balance |
$ |
4,400 |
|
|
$ |
4,400 |
|
Transfers to developed technology from IPR&D |
(1,500 |
) |
|
— |
|
Ending balance |
$ |
2,900 |
|
|
$ |
4,400 |
|
|