XML 25 R14.htm IDEA: XBRL DOCUMENT v3.24.3

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

As of September 30, 2024 and December 31, 2023, the balance of the Company’s goodwill was $5.2 billion, of which $4.9 billion related to the Communications reportable segment and $306.1 million related to the Segment reportable segment. There was no goodwill activity during the nine months ended September 30, 2024.

Intangible assets

Intangible assets consisted of the following:

						As of September 30, 2024
						Cost						Accumulated Amortization						Net
Amortizable intangible assets:						(In thousands)
Developed technology						$	388,341					$	(292,649)					$	95,692
Customer relationships						348,314						(204,186)						144,128
Supplier relationships						49,756						(33,092)						16,664
Trade names						25,968						(24,744)						1,224
Order backlog						10,000						(10,000)						—
Patent						3,968						(1,050)						2,918
Total amortizable intangible assets						826,347						(565,721)						260,626
Non-amortizable intangible assets:
Telecommunication licenses						4,920						—						4,920
Trademarks and other						295						—						295
Total						$	831,562					$	(565,721)					$	265,841

						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 $27.5 million and $48.9 million for the three months ended September 30, 2024 and 2023, respectively, and $84.7 million and $150.0 million for the nine months ended September 30, 2024 and 2023, respectively.

Total estimated future amortization expense is as follows:

						As of September 30, 2024
Year Ended December 31,						(In thousands)
2024 (remaining three months)						$	27,393
2025						107,862
2026						42,149
2027						25,330
2028						19,055
Thereafter						38,837
Total						$	260,626

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration