Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.21.2
Goodwill and Intangibles Assets (Tables)
9 Months Ended
Sep. 30, 2021
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, which are amortized over their estimated useful lives:
September 30, 2021 December 31, 2020
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 6.4 $ 11,485  $ (2,065) $ 9,420  $ 4,869  $ (2,006) $ 2,863 
Developed technology 7.0 304,061  (178,485) 125,576  304,061  (146,252) 157,809 
Trademarks and trade names 6.2 14,800  (10,620) 4,180  14,800  (8,818) 5,982 
Customer relationships 4.6 128,800  (111,647) 17,153  128,800  (96,047) 32,753 
Backlog 2.4 1,300  (935) 365  1,300  (641) 659 
6.2 $ 460,446  $ (303,752) $ 156,694  $ 453,830  $ (253,764) $ 200,066 
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,
2021 2020 2021 2020
(in thousands) (in thousands)
Cost of net revenue $ 10,761  $ 9,910  $ 32,288  $ 27,093 
Research and development
Selling, general and administrative 5,812  6,056  17,697  17,328 
$ 16,574  $ 15,968  $ 49,988  $ 44,425 
Schedule of Finite-Lived Intangible Assets The following table sets forth the activity related to finite-lived intangible assets:
Nine Months Ended September 30,
2021 2020
(in thousands)
Beginning balance $ 200,066  $ 187,971 
Acquisitions (Note 3) —  81,100 
Additions 6,616  388 
Amortization (49,988) (44,425)
Impairment losses —  (86)
Ending balance $ 156,694  $ 224,948 
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, 2021:
Amount
(in thousands)
2021 (3 months) $ 16,810 
2022 49,014 
2023 37,462 
2024 22,045 
2025 11,947 
Thereafter 19,416 
Total $ 156,694 
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 indefinite-lived intangible assets:
Nine Months Ended September 30,
2021 2020
(in thousands)
Beginning balance $ 7,200  $ — 
Acquisitions (Note 3) —  7,200 
Ending balance $ 7,200  $ 7,200