XML 67 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill information by reportable units
The following tables present goodwill information for the years ended December 31, 2019 and December 31, 2018:

December 31,
2018
 
Additions to Goodwill (1)
 
Divestiture of Goodwill (2)
 
Effect of Exchange Rates (3)
 
December 31,
2019
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
Total goodwill
$
207,178

 
$
30,322

 
$
(54,494
)
 
$
459

 
$
183,465

______________________________________
(1)
In August 2019, the Company acquired Northwest Logic, Inc. (“Northwest Logic”), and in December 2019, the Company acquired the Secure Silicon IP and Protocols business from Verimatrix (the “Secure Silicon IP and Protocols business”), which resulted in the Company recognizing additional goodwill. Refer to Note 21, “Acquisitions,” for additional information.
(2)
Refer to Note 17, “Divestiture,” for additional information.
(3)
Effect of exchange rates relates to foreign currency translation adjustments for the period.
 
As of December 31, 2019
 
Gross Carrying Amount
 
Accumulated Impairment Losses
 
Net Carrying Amount
 
 
 
 
 
 
 
(In thousands)
Total goodwill
$
205,235

 
$
(21,770
)
 
$
183,465



 
December 31,
2017
 
Effect of Exchange Rates (1)
 
December 31,
2018
 
 
 
 
 
 
 
(In thousands)
Total goodwill
$
209,661

 
$
(2,483
)
 
$
207,178

______________________________________
(1)
Effect of exchange rates relates to foreign currency translation adjustments for the period.
 
As of December 31, 2018
 
Gross Carrying Amount
 
Accumulated Impairment Losses
 
Net Carrying Amount
 
 
 
 
 
 
 
(In thousands)
Total goodwill
$
228,948

 
$
(21,770
)
 
$
207,178
Components of intangible assets
The components of the Company’s intangible assets as of December 31, 2019 and December 31, 2018 were as follows:
 
 
 
As of December 31, 2019
 
Useful Life
 
Gross Carrying Amount (1) (2)
 
Accumulated Amortization
(1) (2)
 
Net Carrying Amount
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
Existing technology
3 to 10 years
 
$
262,789

 
$
(213,354
)
 
$
49,435

Customer contracts and contractual relationships
0.5 to 10 years
 
36,293

 
(33,428
)
 
2,865

Non-compete agreements and trademarks
3 years
 
300

 
(300
)
 
—

IPR&D
Not applicable
 
2,600

 
—

 
2,600

Total intangible assets
 
 
$
301,982

 
$
(247,082
)
 
$
54,900

_________________________________________
(1)
In October 2019, the Company disposed of approximately $20.7 million of net intangible assets in connection with the sale of the legal entities comprising the Company’s Payments and Ticketing businesses. Refer to Note 17, “Divestiture,” for additional information.
(2)
In August 2019, the Company acquired Northwest Logic, and in December 2019, the Company acquired the Secure Silicon IP and Protocols business, which resulted in the Company recognizing additional intangible assets. Refer to Note 21, “Acquisitions,” for additional information.
 
 
 
As of December 31, 2018
 
Useful Life
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
Existing technology
3 to 10 years
 
$
258,903

 
$
(213,824
)
 
$
45,079

Customer contracts and contractual relationships
1 to 10 years
 
67,667

 
(54,410
)
 
13,257

Non-compete agreements and trademarks
3 years
 
300

 
(300
)
 
—

IPR&D
Not applicable
 
1,600

 
—

 
1,600

Total intangible assets
 
 
$
328,470

 
$
(268,534
)
 
$
59,936
Estimated future amortization expense of intangible assets The estimated future amortization expense of intangible assets as of December 31, 2019 was as follows (amounts in thousands):
Years Ending December 31:
Amount
2020
$
18,413

2021
14,411

2022
7,444

2023
6,740

2024
5,292

Thereafter
—

Total amortizable purchased intangible assets
52,300

IPR&D
2,600

Total intangible assets
$
54,900