Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles Assets (Tables)

v3.23.3
Goodwill and Intangibles Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill The following table presents the changes in the carrying amount of goodwill for the periods indicated:
Nine Months Ended September 30,
2023 2022
(in thousands)
Beginning balance $ 306,739  $ 306,668 
Acquisitions (Note 3)
 11,717  — 
Adjustments —  71 
Ending balance $ 318,456  $ 306,739 
Summary 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, 2023 December 31, 2022
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 6.9 $ 19,974  $ (1,184) $ 18,790  $ 21,764  $ (580) $ 21,184 
Developed technology 6.9 311,261  (255,303) 55,958  311,261  (228,532) 82,729 
Trademarks and trade names 6.2 14,800  (14,240) 560  14,800  (13,461) 1,339 
Customer relationships 5.0 128,800  (125,962) 2,838  128,800  (124,807) 3,993 
Backlog 5.3 500  (500) —  500  (429) 71 
Patents 7.0 4,781  (284) 4,497  —  —  — 
6.1 $ 480,116  $ (397,473) $ 82,643  $ 477,125  $ (367,809) $ 109,316 
Summary of 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,
2023 2022 2023 2022
(in thousands) (in thousands)
Cost of net revenue $ 8,581  $ 9,480  $ 27,372  $ 30,192 
Research and development —  1  2  3 
Selling, general and administrative 653  1,541  2,290  10,643 
$ 9,234  $ 11,022  $ 29,664  $ 40,838 
Summary of Finite-Lived Intangible Assets The following table sets forth the activity related to finite-lived intangible assets:
Nine Months Ended September 30,
2023 2022
(in thousands)
Beginning balance $ 109,316  $ 149,940 
Additions 6,198  10,440 
Other disposals (769) — 
Transfers to developed technology from IPR&D —  2,600 
Amortization (29,664) (40,838)
Impairment losses (2,438) — 
Ending balance $ 82,643  $ 122,142 
Summary 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, 2023:
Amount
(in thousands)
2023 (3 months) $ 9,292 
2024 24,524 
2025 14,839 
2026 13,730 
2027 9,882 
Thereafter 10,376 
Total $ 82,643