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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2022
Hardent, Inc.  
Business acquisition  
Schedule of recognized identified assets acquired and liabilities assumed
The total consideration from the acquisition was allocated as of the Closing Date, and reflects adjustments made during the measurement period, as described in Note 6, “Intangible Assets and Goodwill,” to finalize the purchase price accounting, as follows:
(In thousands)Total
Cash and cash equivalents$209 
Accounts receivable1,088 
Unbilled receivables239 
Prepaid expenses and other current assets16 
Identified intangible assets5,000 
Goodwill12,069 
Accounts payable(55)
Deferred revenue(578)
Income taxes payable(466)
Deferred tax liability(1,325)
Other current liabilities(56)
Total$16,141 
Schedule of finite-lived intangible assets acquired as part of business combination
The identified intangible assets assumed in the acquisition of Hardent were recognized as follows based upon their estimated fair values as of the acquisition date:
TotalEstimated Weighted-Average Useful Life
(in thousands)(in years)
Existing technology$4,800 5 years
Customer contracts and contractual relationships200 2 years
Total$5,000 
Business acquisition, pro forma information Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition:
Years Ended December 31,
(In thousands)20222021
(unaudited)
Total revenue$457,852 $336,258 
Net income (loss)$(13,251)$19,452 
AnalogX, Inc.  
Business acquisition  
Schedule of recognized identified assets acquired and liabilities assumed
The total consideration from the business combination was allocated as of the Closing Date, and reflects adjustments made through the measurement period, as described in Note 6, “Intangible Assets and Goodwill,” to finalize the purchase price accounting, as follows:
(In thousands)Total
Cash and cash equivalents$2,763 
Accounts receivable280 
Unbilled receivables1,566 
Prepaid expenses and other current assets1,354 
Identified intangible assets6,800 
IPR&D3,800 
Goodwill39,309 
Property, plant and equipment, net118 
Accounts payable(1,112)
Deferred revenue(23)
Income taxes payable(7,127)
Other current liabilities(215)
Total$47,513 
Schedule of finite-lived and indefinite-lived intangible assets acquired as part of business combination
The identified intangible assets assumed in the acquisition of AnalogX were recognized as follows based upon their estimated fair values as of the acquisition date:
TotalEstimated Weighted-Average Useful Life
(in thousands)(in years)
Existing technology$6,300 5 years
Customer contracts and contractual relationships500 2 years
IPR&D3,800 Not applicable
Total$10,600 
PLDA Group  
Business acquisition  
Schedule of recognized identified assets acquired and liabilities assumed
The total consideration from the business combination was allocated as of the Closing Date as follows:
(In thousands)Total
Cash and cash equivalents$5,820 
Accounts receivable2,233 
Inventories125 
Prepaid expenses and other current assets836 
Identified intangible assets21,400 
IPR&D7,400 
Goodwill57,543 
Property, plant and equipment, net679 
Operating lease right-of-use asset864 
Other assets339 
Accounts payable(1,046)
Accrued salaries and benefits(814)
Deferred revenue(514)
Income taxes payable(118)
Operating lease liability(852)
Deferred tax liability(8,180)
Other current liabilities(74)
Total$85,641 
Schedule of finite-lived and indefinite-lived intangible assets acquired as part of business combination
The identified intangible assets assumed in the acquisition of PLDA were recognized as follows based upon their estimated fair values as of the acquisition date:
TotalEstimated Weighted-Average Useful Life
(in thousands)(in years)
Existing technology$20,400 
3 to 5 years
Customer contracts and contractual relationships1,000 2 years
IPR&D7,400 Not applicable
Total$28,800 
AnalogX, Inc and PLDA Group  
Business acquisition  
Business acquisition, pro forma information Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisitions:
For the Years Ended December 31,
(In thousands)20212020
(unaudited)
Total revenue$338,961 $267,006 
Net income (loss)$16,533 $(33,871)