Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill
The following table presents the changes in the carrying amount of goodwill for the periods indicated:
Year Ended December 31,
2024 2023
(in thousands)
Beginning balance $ 318,588  $ 306,739 
Acquisitions (Note 3)
 —  11,849 
Ending balance $ 318,588  $ 318,588 
Summary 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:
December 31, 2024 December 31, 2023
Weighted
Average
Useful Life
(in Years)		 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
(in thousands)
Licensed technology 6.9 $ 24,661  $ (2,418) $ 22,243  $ 20,133  $ (1,431) $ 18,702 
Developed technology 7.0 311,261  (283,432) 27,829  311,261  (263,635) 47,626 
Trademarks and trade names 6.2 14,800  (14,419) 381  14,800  (14,276) 524 
Customer relationships 5.0 128,800  (127,887) 913  128,800  (126,347) 2,453 
Patents 7.0 4,780  (1,138) 3,642  4,780  (455) 4,325 
6.1 $ 484,302  $ (429,294) $ 55,008  $ 479,774  $ (406,144) $ 73,630 
Summary of 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:
Year Ended December 31,
2024 2023 2022
(in thousands)
Cost of net revenue $ 20,785  $ 35,952  $ 39,638 
Research and development —  2  4 
Selling, general and administrative 2,366  2,881  11,955 
$ 23,151  $ 38,835  $ 51,597 
Summary of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Year Ended December 31,
2024 2023
(in thousands)
Beginning balance $ 73,630  $ 109,316 
Additions 5,766  6,355 
Other disposals —  (768)
Amortization (23,151) (38,835)
Impairment losses (1,237) (2,438)
Ending balance $ 55,008  $ 73,630 
Summary of Finite-Lived Intangible Assets, Future Amortization Expense The following table presents future amortization of the Company’s finite-lived intangible assets at December 31, 2024:
Amount
(in thousands)
2025 $ 14,138 
2026 13,974 
2027 10,552 
2028 5,096 
2029 4,009 
Thereafter 7,239 
Total $ 55,008