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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill As of June 30, 2024 and December 31, 2023, the balance of the Company’s goodwill was $5.2 billion, of which $4.9 billion relates to the Communications reportable segment and $306.1 million relates to the Segment reportable segment. There was no goodwill activity during the six months ended June 30, 2024. Intangible assets Intangible assets consisted of the following:
|  | As of June 30, 2024
|  | Cost |  | Accumulated Amortization |  | Net
Amortizable intangible assets: |  | (In thousands)
Developed technology |  | $ | 397,473 |  |  | $ | (288,369) |  |  | $ | 109,104 |
Customer relationships |  | 349,074 |  |  | (193,460) |  |  | 155,614 |
Supplier relationships |  | 49,756 |  |  | (30,823) |  |  | 18,933 |
Trade names |  | 25,968 |  |  | (24,474) |  |  | 1,494 |
Order backlog |  | 10,000 |  |  | (10,000) |  |  | — |
Patent |  | 3,968 |  |  | (1,000) |  |  | 2,968 |
Total amortizable intangible assets |  | 836,239 |  |  | (548,126) |  |  | 288,113 |
Non-amortizable intangible assets: |  |  |  |  |  |
Telecommunication licenses |  | 4,920 |  |  | — |  |  | 4,920 |
Trademarks and other |  | 295 |  |  | — |  |  | 295 |
Total |  | $ | 841,454 |  |  | $ | (548,126) |  |  | $ | 293,328 |
|  | As of December 31, 2023 |  |
|  | Cost |  | Accumulated Amortization |  | Net |  |
Amortizable intangible assets: |  | (In thousands) |  |
Developed technology |  | $ | 397,473 |  |  | $ | (259,635) |  |  | $ | 137,838 |  |  |
Customer relationships |  | 349,074 |  |  | (170,511) |  |  | 178,563 |  |  |
Supplier relationships |  | 49,756 |  |  | (26,316) |  |  | 23,440 |  |  |
Trade names |  | 25,968 |  |  | (23,600) |  |  | 2,368 |  |  |
Order backlog |  | 10,000 |  |  | (10,000) |  |  | — |  |  |
Patent |  | 3,968 |  |  | (902) |  |  | 3,066 |  |  |
Total amortizable intangible assets |  | 836,239 |  |  | (490,964) |  |  | 345,275 |  |  |
Non-amortizable intangible assets: |  |  |  |  |  |  |  |
Telecommunication licenses |  | 4,920 |  |  | — |  |  | 4,920 |  |  |
Trademarks and other |  | 295 |  |  | — |  |  | 295 |  |  |
Total |  | $ | 841,454 |  |  | $ | (490,964) |  |  | $ | 350,490 |  |  |
Amortization expense was $28.2 million and $50.2 million for the three months ended June 30, 2024 and 2023, respectively, and $57.2 million and $101.1 million for the six months ended June 30, 2024 and 2023, respectively. Total estimated future amortization expense is as follows:
|  | As of June 30, 2024
Year Ended December 31, |  | (In thousands)
2024 (remaining six months) |  | $ | 54,880 |
2025 |  | 107,862 |
2026 |  | 42,149 |
2027 |  | 25,330 |
2028 |  | 19,055 |
Thereafter |  | 38,837 |
Total |  | $ | 288,113 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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