XML 43 R33.htm IDEA: XBRL DOCUMENT v3.22.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of material contractual obligations
As of March 31, 2022, the Company’s material contractual obligations were as follows:
(In thousands)TotalRemainder of 20222023202420252026
Contractual obligations (1) (2) (3)
      
Software licenses (4)
$12,428 $7,503 $3,361 $1,564 $— $— 
Acquisition retention bonuses (5)
9,500 5,166 2,167 2,167 — — 
Convertible notes (6)
74,011 24,657 49,354 — — — 
Interest payments related to convertible notes567 509 58 — — — 
Total$96,506 $37,835 $54,940 $3,731 $— $— 
_________________________________________
(1)    The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $20.9 million, including $19.1 million recorded as a reduction of long-term deferred tax assets and $1.8 million in long-term income taxes payable as of March 31, 2022. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time.
(2)    For the Company’s lease commitments as of March 31, 2022, refer to Note 9, “Leases.”
(3)    The Company’s other contractual obligations as of March 31, 2022 were not material.
(4)    The Company has commitments with various software vendors for agreements generally having terms longer than one year.
(5)    In connection with the acquisition of Northwest Logic in the third quarter of 2019, the Secure Silicon IP and Protocols business in the fourth quarter of 2019, and the acquisitions of AnalogX Inc. (“AnalogX”) and PLDA Group (“PLDA”) in the third quarter of 2021, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions including the condition of employment.
(6)    During the three months ended March 31, 2022, the Company repurchased $107.9 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.”