Goodwill and Intangibles Assets (Tables)
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3 Months Ended |
Mar. 31, 2020 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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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:
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March 31, 2020 |
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December 31, 2019 |
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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 Value |
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Accumulated Amortization |
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Net Carrying Amount |
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(in thousands) |
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| Licensed technology |
3.5 |
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$ |
2,070 |
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$ |
(1,685) |
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$ |
385 |
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$ |
2,156 |
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$ |
(1,583) |
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$ |
573 |
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| Developed technology |
6.9 |
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243,361 |
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(117,103) |
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126,258 |
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243,361 |
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(108,522) |
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134,839 |
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| Trademarks and trade names |
6.1 |
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13,800 |
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(7,076) |
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6,724 |
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13,800 |
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(6,511) |
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7,289 |
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| Customer relationships |
4.6 |
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121,100 |
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(80,897) |
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40,203 |
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121,100 |
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(75,847) |
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45,253 |
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| Non-compete covenants |
3.0 |
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1,100 |
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(1,100) |
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— |
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1,100 |
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(1,083) |
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17 |
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6.1 |
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$ |
381,431 |
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$ |
(207,861) |
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$ |
173,570 |
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$ |
381,517 |
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$ |
(193,546) |
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$ |
187,971 |
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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 March 31, |
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2020 |
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2019 |
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(in thousands) |
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| Cost of net revenue |
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$ |
8,591 |
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$ |
8,434 |
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| Research and development |
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1 |
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34 |
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| Selling, general and administrative |
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5,723 |
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5,798 |
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$ |
14,315 |
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$ |
14,266 |
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| Schedule of Finite-Lived Intangible Assets |
The following table sets forth the activity related to finite-lived intangible assets:
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Three Months Ended March 31, |
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2020 |
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2019 |
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(in thousands) |
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| Beginning balance |
$ |
187,971 |
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$ |
240,500 |
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| Transfers to developed technology from IPR&D |
— |
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1,500 |
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| Amortization |
(14,315) |
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(14,266) |
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| Impairment losses |
(86) |
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— |
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| Ending balance |
$ |
173,570 |
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$ |
227,734 |
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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 March 31, 2020:
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Amount |
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(in thousands) |
| 2020 (9 months) |
$ |
42,267 |
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| 2021 |
55,799 |
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| 2022 |
38,269 |
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| 2023 |
26,075 |
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| 2024 |
10,098 |
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| Thereafter |
1,062 |
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| Total |
$ |
173,570 |
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| Schedule of Indefinite-Lived Intangible Assets |
Indefinite-lived intangible assets consisted 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:
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Three Months Ended March 31, |
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2020 |
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2019 |
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(in thousands) |
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| Beginning balance |
$ |
— |
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$ |
4,400 |
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| Transfers to developed technology from IPR&D |
— |
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(1,500) |
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| Ending balance |
$ |
— |
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$ |
2,900 |
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