Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets (Tables)

v3.25.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
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, 2025 December 31, 2024
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 $ 31,858  $ (3,663) $ 28,195  $ 24,661  $ (2,418) $ 22,243 
Developed technology 6.9 311,261  (293,761) 17,500  311,261  (283,432) 27,829 
Trademarks and trade names 6.2 14,800  (14,562) 238  14,800  (14,419) 381 
Customer relationships 4.6 128,800  (128,800) —  128,800  (127,887) 913 
Patents 7.0 4,780  (1,821) 2,959  4,780  (1,138) 3,642 
6.0 $ 491,499  $ (442,607) $ 48,892  $ 484,302  $ (429,294) $ 55,008 
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,
2025 2024 2023
(in thousands)
Cost of net revenue $ 11,574  $ 20,785  $ 35,952 
Research and development —  —  2 
Selling, general and administrative 1,739  2,366  2,881 
$ 13,313  $ 23,151  $ 38,835 
Summary of Finite-Lived Intangible Assets
The following table sets forth the activity related to finite-lived intangible assets:
Year Ended December 31,
2025 2024
(in thousands)
Beginning balance $ 55,008  $ 73,630 
Additions 7,197  5,766 
Amortization (13,313) (23,151)
Impairment losses —  (1,237)
Ending balance $ 48,892  $ 55,008 
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, 2025:
Amount
(in thousands)
2026 $ 13,697 
2027 11,580 
2028 6,124 
2029 5,033 
2030 3,904 
Thereafter 8,554 
Total $ 48,892