Goodwill and Intangibles Assets (Tables)
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9 Months Ended |
Sep. 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 |
163,999 |
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Adjustments |
(341 |
) |
Balance as of September 30, 2017 |
$ |
239,673 |
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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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September 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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$ |
4,891 |
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$ |
(3,263 |
) |
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$ |
1,628 |
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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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224,461 |
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(30,690 |
) |
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193,771 |
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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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(1,427 |
) |
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12,373 |
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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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121,100 |
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(19,415 |
) |
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101,685 |
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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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(415 |
) |
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685 |
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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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31,337 |
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(30,570 |
) |
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767 |
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26,600 |
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(26,600 |
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— |
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$ |
396,689 |
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$ |
(85,780 |
) |
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$ |
310,909 |
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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 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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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 |
$ |
7,907 |
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$ |
2,571 |
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$ |
16,851 |
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$ |
5,940 |
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Research and development |
137 |
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137 |
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|
412 |
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481 |
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Selling, general and administrative |
9,924 |
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3,082 |
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20,067 |
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4,039 |
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$ |
17,968 |
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$ |
5,790 |
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$ |
37,330 |
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$ |
10,460 |
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| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
The following table sets forth the activity during the nine months ended September 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 |
245,500 |
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Additions |
5,378 |
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Transfers to developed technology from IPR&D |
15,500 |
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Amortization |
(37,330 |
) |
Balance as of September 30, 2017 |
$ |
310,909 |
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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 September 30, 2017:
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Amount |
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(in thousands) |
2017 (3 months) |
$ |
17,167 |
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2018 |
65,598 |
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2019 |
54,748 |
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2020 |
53,882 |
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2021 |
53,099 |
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Thereafter |
66,415 |
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Total |
$ |
310,909 |
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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 acquisitions, transfers to developed technology from IPR&D and impairment losses:
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Gross Carrying Amount |
|
(in thousands) |
Balance as of December 31, 2016 |
$ |
22,400 |
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Acquisitions |
16,600 |
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Transfers to developed technology from IPR&D |
(15,500 |
) |
Impairment losses |
(2,000 |
) |
Balance as of September 30, 2017 |
$ |
21,500 |
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