Goodwill and Intangibles Assets (Tables)
|
6 Months Ended |
Jun. 30, 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 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 |
3.7 |
|
$ |
5,981 |
|
|
$ |
(2,045) |
|
|
$ |
3,936 |
|
|
$ |
4,869 |
|
|
$ |
(2,006) |
|
|
$ |
2,863 |
|
| Developed technology |
6.9 |
|
304,061 |
|
|
(167,742) |
|
|
136,319 |
|
|
304,061 |
|
|
(146,252) |
|
|
157,809 |
|
| Trademarks and trade names |
6.6 |
|
14,800 |
|
|
(10,019) |
|
|
4,781 |
|
|
14,800 |
|
|
(8,818) |
|
|
5,982 |
|
| Customer relationships |
4.6 |
|
128,800 |
|
|
(106,447) |
|
|
22,353 |
|
|
128,800 |
|
|
(96,047) |
|
|
32,753 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Backlog |
2.4 |
|
1,300 |
|
|
(925) |
|
|
375 |
|
|
1,300 |
|
|
(641) |
|
|
659 |
|
|
6.2 |
|
$ |
454,942 |
|
|
$ |
(287,178) |
|
|
$ |
167,764 |
|
|
$ |
453,830 |
|
|
$ |
(253,764) |
|
|
$ |
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 June 30, |
|
Six Months Ended June 30, |
|
|
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
|
|
(in thousands) |
|
(in thousands) |
| Cost of net revenue |
$ |
10,762 |
|
|
$ |
8,592 |
|
|
$ |
21,527 |
|
|
$ |
17,183 |
|
|
|
| Research and development |
1 |
|
|
1 |
|
|
2 |
|
|
2 |
|
|
|
| Selling, general and administrative |
5,815 |
|
|
5,549 |
|
|
11,885 |
|
|
11,272 |
|
|
|
|
$ |
16,578 |
|
|
$ |
14,142 |
|
|
$ |
33,414 |
|
|
$ |
28,457 |
|
|
|
|
| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
2021 |
|
2020 |
|
(in thousands) |
| Beginning balance |
$ |
200,066 |
|
|
$ |
187,971 |
|
|
|
|
|
| Additions |
1,112 |
|
|
13 |
|
|
|
|
|
| Amortization |
(33,414) |
|
|
(28,457) |
|
| Impairment losses |
— |
|
|
(86) |
|
| Ending balance |
$ |
167,764 |
|
|
$ |
159,441 |
|
|
| 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, 2021:
|
|
|
|
|
|
|
Amount |
|
(in thousands) |
| 2021 (6 months) |
$ |
33,383 |
|
| 2022 |
48,974 |
|
| 2023 |
36,923 |
|
| 2024 |
20,977 |
|
| 2025 |
10,878 |
|
| Thereafter |
16,629 |
|
| Total |
$ |
167,764 |
|
|