Goodwill and Intangible Assets (Tables)
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9 Months Ended |
Sep. 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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September 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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$ |
31,880 |
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$ |
(3,300) |
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$ |
28,580 |
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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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(291,179) |
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20,082 |
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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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(14,526) |
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274 |
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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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(128,800) |
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— |
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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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(1,650) |
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3,130 |
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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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$ |
491,521 |
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$ |
(439,455) |
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$ |
52,066 |
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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 September 30, |
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Nine Months Ended September 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 |
$ |
2,955 |
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$ |
3,745 |
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$ |
8,628 |
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$ |
17,549 |
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| Selling, general and administrative |
350 |
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591 |
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1,533 |
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1,774 |
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$ |
3,305 |
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$ |
4,336 |
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$ |
10,161 |
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$ |
19,323 |
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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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Nine Months Ended September 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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7,219 |
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4,961 |
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| Amortization |
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(10,161) |
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(19,323) |
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| Impairment losses |
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— |
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(1,237) |
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| Ending balance |
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$ |
52,066 |
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$ |
58,031 |
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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 September 30, 2025:
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Amount |
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(in thousands) |
| 2025 (3 months) |
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$ |
3,474 |
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| 2026 |
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14,584 |
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| 2027 |
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11,583 |
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| 2028 |
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6,127 |
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| 2029 |
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5,036 |
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| Thereafter |
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11,262 |
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| Total |
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$ |
52,066 |
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