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Commitments and Contingencies
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
As of September 30, 2022, the Company’s material contractual obligations were as follows:
(In thousands)TotalRemainder of 20222023202420252026
Contractual obligations (1) (2) (3)
      
Software licenses (4)
$36,546 $4,271 $14,166 $12,421 $5,688 $— 
Acquisition retention bonuses (5)
5,342 — 2,500 2,500 342 — 
Convertible notes (6)
10,381 — 10,381 — — — 
Interest payments related to convertible notes71 — 71 — — — 
Total$52,340 $4,271 $27,118 $14,921 $6,030 $— 
_________________________________________
(1)    The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.6 million, including $19.7 million recorded as a reduction of long-term deferred tax assets and $1.9 million in long-term income taxes payable as of September 30, 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 September 30, 2022, refer to Note 9, “Leases.”
(3)    The Company’s other contractual obligations as of September 30, 2022 were not material.
(4)    The Company has commitments with various software vendors for agreements generally having terms longer than one year. During the second quarter of 2022, the Company renewed a software license agreement for engineering development tools, which is included in the table above. As of September 30, 2022, approximately $9.1 million of the fair value of this software license was included in other current liabilities and $17.2 million was included in other long-term liabilities, in the accompanying unaudited condensed consolidated balance sheet.
(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, the acquisitions of AnalogX and PLDA in the third quarter of 2021, and the acquisition of Hardent in the second quarter of 2022, 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 nine months ended September 30, 2022, the Company repurchased $162.1 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.”
Indemnifications
From time to time, the Company indemnifies certain customers as a necessary means of doing business. Indemnification covers customers for losses suffered or incurred by them as a result of any patent, copyright, or other intellectual property infringement or any other claim by any third party arising as result of the applicable agreement with the Company. The Company generally attempts to limit the maximum amount of indemnification that the Company could be required to make under these agreements to the amount of fees received by the Company, however, this may not always be possible. The fair value of the liability as of September 30, 2022 and December 31, 2021, respectively, was not material.