Goodwill and Intangible Assets (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| 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:
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June 30, 2025 |
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December 31, 2024 |
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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 Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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(in thousands) |
| Licensed technology |
6.9 |
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$ |
30,868 |
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$ |
(2,927) |
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$ |
27,941 |
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$ |
24,661 |
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$ |
(2,418) |
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$ |
22,243 |
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| Developed technology |
6.9 |
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311,261 |
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(288,597) |
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22,664 |
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311,261 |
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(283,432) |
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27,829 |
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| Trademarks and trade names |
6.2 |
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14,800 |
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(14,490) |
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310 |
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14,800 |
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(14,419) |
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381 |
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| Customer relationships |
5.0 |
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128,800 |
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(128,657) |
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143 |
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128,800 |
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(127,887) |
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913 |
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| Patents |
7.0 |
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4,780 |
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(1,479) |
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3,301 |
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4,780 |
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(1,138) |
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3,642 |
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6.0 |
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$ |
490,509 |
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$ |
(436,150) |
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$ |
54,359 |
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$ |
484,302 |
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$ |
(429,294) |
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$ |
55,008 |
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| 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:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(in thousands) |
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(in thousands) |
| Cost of net revenue |
$ |
2,844 |
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$ |
5,336 |
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$ |
5,673 |
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$ |
13,804 |
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| Selling, general and administrative |
591 |
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592 |
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1,183 |
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1,183 |
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$ |
3,435 |
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$ |
5,928 |
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$ |
6,856 |
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$ |
14,987 |
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| Summary of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
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Six Months Ended June 30, |
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2025 |
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2024 |
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(in thousands) |
| Beginning balance |
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$ |
55,008 |
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$ |
73,630 |
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| Additions |
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6,207 |
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3,143 |
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| Amortization |
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(6,856) |
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(14,987) |
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| Ending balance |
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$ |
54,359 |
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$ |
61,786 |
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| Summary 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, 2025:
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Amount |
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(in thousands) |
| 2025 |
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$ |
7,345 |
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| 2026 |
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14,512 |
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| 2027 |
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11,438 |
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| 2028 |
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5,983 |
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| 2029 |
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4,892 |
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| Thereafter |
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10,189 |
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| Total |
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$ |
54,359 |
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