Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.20.2
Goodwill and Intangibles Assets (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 December 31, 2019
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 $ 2,083    $ (1,787)   $ 296    $ 2,156    $ (1,583)   $ 573   
Developed technology 6.9 243,361    (125,685)   117,676    243,361    (108,522)   134,839   
Trademarks and trade names 6.1 13,800    (7,641)   6,159    13,800    (6,511)   7,289   
Customer relationships 4.6 121,100    (85,790)   35,310    121,100    (75,847)   45,253   
Non-compete covenants 3.0 1,100    (1,100)   —    1,100    (1,083)   17   
6.1 $ 381,444    $ (222,003)   $ 159,441    $ 381,517    $ (193,546)   $ 187,971   
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,
2020 2019 2020 2019
(in thousands) (in thousands)
Cost of net revenue $ 8,592    $ 8,488    $ 17,183    $ 16,922   
Research and development   12      46   
Selling, general and administrative 5,549    5,792    11,272    11,590   
$ 14,142    $ 14,292    $ 28,457    $ 28,558   
Schedule of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Six Months Ended June 30,
2020 2019
(in thousands)
Beginning balance $ 187,971    $ 240,500   
Additions 13    —   
Transfers to developed technology from IPR&D —    1,500   
Amortization (28,457)   (28,558)  
Impairment losses (86)   —   
Ending balance $ 159,441    $ 213,442   
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, 2020:
Amount
(in thousands)
2020 (6 months) $ 28,127   
2021 55,803   
2022 38,274   
2023 26,077   
2024 10,098   
Thereafter 1,062   
Total $ 159,441   
Schedule of Indefinite-Lived Intangible Assets
Indefinite-lived intangible assets consisted 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,
2020 2019
(in thousands)
Beginning balance $ —    $ 4,400   
Transfers to developed technology from IPR&D —    (1,500)  
Ending balance $ —    $ 2,900