Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.21.1
Goodwill and Intangibles Assets (Tables)
 3 Months Ended
Mar. 31, 2021
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, which are amortized over their estimated useful lives:
March 31, 2021 December 31, 2020
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 6.1 $ 5,981  $ (2,025) $ 3,956  $ 4,869  $ (2,006) $ 2,863 
Developed technology 6.9 304,061  (156,999) 147,062  304,061  (146,252) 157,809 
Trademarks and trade names 6.2 14,800  (9,419) 5,381  14,800  (8,818) 5,982 
Customer relationships 4.6 128,800  (101,247) 27,553  128,800  (96,047) 32,753 
Non-compete covenants 3.0 1,100  (1,100) —  1,100  (1,100) — 
Backlog 2.4 1,300  (910) 390  1,300  (641) 659 
6.2 $ 456,042  $ (271,700) $ 184,342  $ 454,930  $ (254,864) $ 200,066 
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 March 31,
2021 2020
(in thousands)
Cost of net revenue $ 10,765  $ 8,591 
Research and development 1  1 
Selling, general and administrative 6,070  5,723 
$ 16,836  $ 14,315 
Schedule of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Three Months Ended March 31,
2021 2020
(in thousands)
Beginning balance $ 200,066  $ 187,971 
Additions 1,112  — 
Amortization (16,836) (14,315)
Impairment losses —  (86)
Ending balance $ 184,342  $ 173,570 
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, 2021:
Amount
(in thousands)
2021 (9 months) $ 49,939 
2022 48,973 
2023 36,876 
2024 20,930 
2025 10,832 
Thereafter 16,792 
Total $ 184,342 
Schedule of Indefinite-Lived Intangible Assets Indefinite-lived intangible assets consisted entirely of acquired in-process research and development technology, or IPR&D. There was no activity related to the Company’s indefinite-lived intangible assets during the three months ended March 31, 2021 and 2020.