Goodwill and Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Goodwill |
The following table presents the changes in the carrying amount of goodwill for the periods indicated:
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2023 |
|
2022 |
|
(in thousands) |
| Beginning balance |
$ |
306,739 |
|
|
$ |
306,668 |
|
Acquisitions (Note 3) |
11,849 |
|
|
71 |
|
|
|
|
|
|
|
|
|
| Ending balance |
$ |
318,588 |
|
|
$ |
306,739 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
December 31, 2022 |
|
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 |
7.0 |
|
$ |
20,133 |
|
|
$ |
(1,431) |
|
|
$ |
18,702 |
|
|
$ |
21,764 |
|
|
$ |
(580) |
|
|
$ |
21,184 |
|
| Developed technology |
7.0 |
|
311,261 |
|
|
(263,635) |
|
|
47,626 |
|
|
311,261 |
|
|
(228,532) |
|
|
82,729 |
|
| Trademarks and trade names |
6.2 |
|
14,800 |
|
|
(14,276) |
|
|
524 |
|
|
14,800 |
|
|
(13,461) |
|
|
1,339 |
|
| Customer relationships |
5.0 |
|
128,800 |
|
|
(126,347) |
|
|
2,453 |
|
|
128,800 |
|
|
(124,807) |
|
|
3,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Backlog |
5.3 |
|
500 |
|
|
(500) |
|
|
— |
|
|
500 |
|
|
(429) |
|
|
71 |
|
| Patents |
7.0 |
|
4,780 |
|
|
(455) |
|
|
4,325 |
|
|
— |
|
|
— |
|
|
— |
|
|
6.1 |
|
$ |
480,274 |
|
|
$ |
(406,644) |
|
|
$ |
73,630 |
|
|
$ |
477,125 |
|
|
$ |
(367,809) |
|
|
$ |
109,316 |
|
|
| Schedule 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, |
|
|
|
|
|
2023 |
|
2022 |
|
2021 |
|
|
|
(in thousands) |
| Cost of net revenue |
|
|
|
|
$ |
35,952 |
|
|
$ |
39,638 |
|
|
$ |
43,078 |
|
| Research and development |
|
|
|
|
2 |
|
|
4 |
|
|
4 |
|
| Selling, general and administrative |
|
|
|
|
2,881 |
|
|
11,955 |
|
|
23,625 |
|
|
|
|
|
|
$ |
38,835 |
|
|
$ |
51,597 |
|
|
$ |
66,707 |
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2023 |
|
2022 |
|
(in thousands) |
| Beginning balance |
$ |
109,316 |
|
|
$ |
149,940 |
|
|
|
|
|
| Additions |
6,355 |
|
|
11,184 |
|
| Transfers to developed technology from IPR&D |
— |
|
|
2,600 |
|
| Amortization |
(38,835) |
|
|
(51,597) |
|
| Impairment losses |
(2,438) |
|
|
(2,811) |
|
| Ending balance |
$ |
73,630 |
|
|
$ |
109,316 |
|
|
| Schedule 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, 2023:
|
|
|
|
|
|
|
Amount |
|
(in thousands) |
| 2024 |
$ |
24,120 |
|
| 2025 |
14,862 |
|
| 2026 |
13,753 |
|
| 2027 |
9,905 |
|
| 2028 |
4,567 |
|
| Thereafter |
6,423 |
|
| Total |
$ |
73,630 |
|
|