Goodwill and Intangibles Assets (Tables)
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9 Months Ended |
Sep. 30, 2020 |
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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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September 30, 2020 |
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December 31, 2019 |
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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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$ |
2,458 |
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$ |
(1,890) |
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$ |
568 |
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$ |
2,156 |
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$ |
(1,583) |
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$ |
573 |
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| Developed technology |
6.9 |
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310,961 |
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(135,585) |
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175,376 |
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243,361 |
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(108,522) |
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134,839 |
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| Trademarks and trade names |
6.7 |
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15,000 |
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(8,220) |
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6,780 |
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13,800 |
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(6,511) |
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7,289 |
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| Customer relationships |
4.6 |
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130,900 |
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(90,882) |
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40,018 |
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121,100 |
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(75,847) |
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45,253 |
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| Non-compete covenants |
3.0 |
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1,100 |
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(1,100) |
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— |
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1,100 |
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(1,083) |
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17 |
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| Backlog |
3.8 |
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2,500 |
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(294) |
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2,206 |
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— |
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— |
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— |
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6.2 |
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$ |
462,919 |
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$ |
(237,971) |
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$ |
224,948 |
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$ |
381,517 |
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$ |
(193,546) |
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$ |
187,971 |
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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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2020 |
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2019 |
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2020 |
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2019 |
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(in thousands) |
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(in thousands) |
| Cost of net revenue |
$ |
9,910 |
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$ |
8,487 |
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$ |
27,093 |
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$ |
25,410 |
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| Research and development |
2 |
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1 |
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4 |
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47 |
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| Selling, general and administrative |
6,056 |
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5,723 |
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17,328 |
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17,312 |
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$ |
15,968 |
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$ |
14,211 |
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$ |
44,425 |
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$ |
42,769 |
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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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Nine Months Ended September 30, |
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2020 |
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2019 |
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(in thousands) |
| Beginning balance |
$ |
187,971 |
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$ |
240,500 |
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| Acquisitions (Note 3) |
81,100 |
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— |
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| Additions |
388 |
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86 |
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| Transfers to developed technology from IPR&D |
— |
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1,500 |
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| Amortization |
(44,425) |
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(42,769) |
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| Impairment losses |
(86) |
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— |
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| Ending balance |
$ |
224,948 |
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$ |
199,317 |
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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, 2020:
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Amount |
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(in thousands) |
| 2020 (3 months) |
$ |
17,596 |
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| 2021 |
68,918 |
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| 2022 |
50,322 |
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| 2023 |
37,879 |
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| 2024 |
21,900 |
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| Thereafter |
28,333 |
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| Total |
$ |
224,948 |
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| 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:
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Nine Months Ended September 30, |
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2020 |
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2019 |
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(in thousands) |
| Beginning balance |
$ |
— |
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$ |
4,400 |
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| Acquisitions (Note 3) |
7,200 |
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— |
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| Transfers to developed technology from IPR&D |
— |
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(1,500) |
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| Ending balance |
$ |
7,200 |
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$ |
2,900 |
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