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