Goodwill and Intangibles Assets (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2019 |
|
December 31, 2018 |
|
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 |
3.7 |
|
$ |
2,156 |
|
|
$ |
(1,480 |
) |
|
$ |
676 |
|
|
$ |
2,070 |
|
|
$ |
(1,130 |
) |
|
$ |
940 |
|
Developed technology |
6.9 |
|
240,461 |
|
|
(100,010 |
) |
|
140,451 |
|
|
238,961 |
|
|
(74,630 |
) |
|
164,331 |
|
Trademarks and trade names |
6.1 |
|
13,800 |
|
|
(5,946 |
) |
|
7,854 |
|
|
13,800 |
|
|
(4,252 |
) |
|
9,548 |
|
Customer relationships |
4.6 |
|
121,100 |
|
|
(70,797 |
) |
|
50,303 |
|
|
121,100 |
|
|
(55,647 |
) |
|
65,453 |
|
Non-compete covenants |
3.0 |
|
1,100 |
|
|
(1,067 |
) |
|
33 |
|
|
1,100 |
|
|
(872 |
) |
|
228 |
|
|
6.1 |
|
$ |
378,617 |
|
|
$ |
(179,300 |
) |
|
$ |
199,317 |
|
|
$ |
377,031 |
|
|
$ |
(136,531 |
) |
|
$ |
240,500 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
Nine Months Ended September 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
|
(in thousands) |
|
(in thousands) |
Cost of net revenue |
$ |
8,487 |
|
|
$ |
8,979 |
|
|
$ |
25,410 |
|
|
$ |
26,935 |
|
Research and development |
1 |
|
|
33 |
|
|
47 |
|
|
117 |
|
Selling, general and administrative |
5,723 |
|
|
7,994 |
|
|
17,312 |
|
|
23,982 |
|
|
$ |
14,211 |
|
|
$ |
17,006 |
|
|
$ |
42,769 |
|
|
$ |
51,034 |
|
|
| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
2019 |
|
2018 |
|
(in thousands) |
Beginning balance |
$ |
240,500 |
|
|
$ |
310,645 |
|
Additions |
86 |
|
|
— |
|
Transfers to developed technology from IPR&D |
1,500 |
|
|
— |
|
Amortization |
(42,769 |
) |
|
(51,034 |
) |
Impairment losses |
— |
|
|
(2,198 |
) |
Ending balance |
$ |
199,317 |
|
|
$ |
257,413 |
|
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2019:
|
|
|
|
|
|
Amount |
|
(in thousands) |
2019 (3 months) |
$ |
14,216 |
|
2020 |
56,196 |
|
2021 |
55,414 |
|
2022 |
37,879 |
|
2023 |
25,661 |
|
Thereafter |
9,951 |
|
Total |
$ |
199,317 |
|
|
| Schedule of Indefinite-Lived Intangible Assets |
Indefinite-lived intangible assets consist entirely of acquired in-process research and development technology, or IPR&D. The following table sets forth the Company’s activities related to the indefinite-lived intangible assets:
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
2019 |
|
2018 |
|
(in thousands) |
Beginning balance |
$ |
4,400 |
|
|
$ |
4,400 |
|
Transfers to developed technology from IPR&D |
(1,500 |
) |
|
— |
|
Ending balance |
$ |
2,900 |
|
|
$ |
4,400 |
|
|