Goodwill and Intangibles Assets (Tables)
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6 Months Ended |
Jun. 30, 2017 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill [Table Text Block] |
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2016 |
$ |
76,015 |
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Acquisitions |
163,165 |
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Adjustments |
(342 |
) |
Balance as of June 30, 2017 |
$ |
238,838 |
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| Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and technology licenses purchased, which continue to be amortized:
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June 30, 2017 |
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December 31, 2016 |
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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 |
3.7 |
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$ |
4,838 |
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$ |
(3,130 |
) |
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$ |
1,708 |
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$ |
3,311 |
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$ |
(2,957 |
) |
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$ |
354 |
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Developed technology |
6.9 |
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208,561 |
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(22,687 |
) |
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185,874 |
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77,800 |
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(13,550 |
) |
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64,250 |
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Trademarks and trade names |
6.1 |
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13,800 |
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(862 |
) |
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12,938 |
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1,700 |
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(405 |
) |
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1,295 |
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Customer relationships |
4.6 |
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122,000 |
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(12,199 |
) |
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109,801 |
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20,000 |
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(4,782 |
) |
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15,218 |
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Covenants non-compete |
3.0 |
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1,100 |
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(322 |
) |
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778 |
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900 |
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(156 |
) |
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744 |
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Backlog |
0.5 |
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31,837 |
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(28,612 |
) |
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3,225 |
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26,600 |
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(26,600 |
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— |
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$ |
382,136 |
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$ |
(67,812 |
) |
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$ |
314,324 |
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$ |
130,311 |
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$ |
(48,450 |
) |
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$ |
81,861 |
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| Finite-lived Intangible Assets Amortization Expense [Table Text Block] |
The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of income as follows:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2017 |
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2016 |
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2017 |
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2016 |
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(in thousands) |
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(in thousands) |
Cost of net revenue |
$ |
6,260 |
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$ |
1,787 |
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$ |
8,944 |
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$ |
3,369 |
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Research and development |
138 |
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|
96 |
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275 |
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344 |
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Selling, general and administrative |
8,262 |
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|
725 |
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10,143 |
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957 |
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$ |
14,660 |
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$ |
2,608 |
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$ |
19,362 |
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$ |
4,670 |
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| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
The following table sets forth the activity during the six months ended June 30, 2017 related to finite-lived intangible assets resulting from acquisitions, other additions, transfers to developed technology from in-process research and development, or IPR&D, and amortization:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2016 |
$ |
81,861 |
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Acquisitions |
246,400 |
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Additions |
5,325 |
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Transfers to developed technology from IPR&D |
100 |
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Amortization |
(19,362 |
) |
Balance as of June 30, 2017 |
$ |
314,324 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2017:
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Amount |
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(in thousands) |
2017 (6 months) |
$ |
34,966 |
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2018 |
63,495 |
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2019 |
52,644 |
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2020 |
51,780 |
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2021 |
51,000 |
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Thereafter |
60,439 |
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Total |
$ |
314,324 |
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| Schedule of Indefinite-Lived Intangible Assets [Table Text Block] |
The following table sets forth the activity of the Company’s indefinite-lived intangible assets resulting from transfers to developed technology from IPR&D:
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Gross Carrying Amount |
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(in thousands) |
Balance as of December 31, 2016 |
$ |
22,400 |
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Acquisitions |
16,900 |
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Transfers to developed technology from IPR&D |
(100 |
) |
Balance as of June 30, 2017 |
$ |
39,200 |
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