Goodwill and Intangibles Assets (Tables)
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6 Months Ended |
Jun. 30, 2018 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The following table presents the changes in the carrying amount of goodwill:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2017 |
$ |
237,992 |
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Adjustments |
338 |
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Balance as of June 30, 2018 |
$ |
238,330 |
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| 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 continue to be amortized:
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June 30, 2018 |
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December 31, 2017 |
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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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$ |
2,070 |
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$ |
(860 |
) |
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$ |
1,210 |
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$ |
2,070 |
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$ |
(575 |
) |
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$ |
1,495 |
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Developed technology |
6.9 |
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241,561 |
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(57,189 |
) |
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184,372 |
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241,561 |
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(39,252 |
) |
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202,309 |
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Trademarks and trade names |
6.1 |
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13,800 |
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(3,122 |
) |
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10,678 |
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13,800 |
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(1,992 |
) |
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11,808 |
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Customer relationships |
4.6 |
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121,100 |
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(41,154 |
) |
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79,946 |
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121,100 |
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(26,661 |
) |
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94,439 |
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Non-compete covenants |
3.0 |
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1,100 |
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(689 |
) |
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411 |
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1,100 |
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(506 |
) |
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594 |
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6.1 |
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$ |
379,631 |
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$ |
(103,014 |
) |
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$ |
276,617 |
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$ |
379,631 |
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$ |
(68,986 |
) |
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$ |
310,645 |
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| 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 June 30, |
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Six Months Ended June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
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(in thousands) |
|
(in thousands) |
Cost of net revenue |
$ |
8,978 |
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$ |
6,260 |
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$ |
17,956 |
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$ |
8,944 |
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Research and development |
42 |
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|
138 |
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84 |
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275 |
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Selling, general and administrative |
7,994 |
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|
8,262 |
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15,988 |
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|
10,143 |
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$ |
17,014 |
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$ |
14,660 |
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$ |
34,028 |
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$ |
19,362 |
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| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity during the six months ended June 30, 2018 related to finite-lived intangible assets resulting from amortization:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2017 |
$ |
310,645 |
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Amortization |
(34,028 |
) |
Balance as of June 30, 2018 |
$ |
276,617 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2018:
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Amount |
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(in thousands) |
2018 (6 months) |
$ |
34,013 |
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2019 |
57,191 |
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2020 |
56,325 |
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2021 |
55,542 |
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2022 |
38,012 |
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Thereafter |
35,534 |
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Total |
$ |
276,617 |
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