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Commitments and Contingencies
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
As of June 30, 2023, the Company’s material contractual obligations were as follows:
(In thousands)TotalRemainder of 20232024202520262027
Contractual obligations (1) (2) (3)
      
Software licenses (4)
$33,252 $8,718 $16,452 $8,082 $— $— 
Other contractual obligations3,489 2,889 600 — — — 
Acquisition retention bonuses (5)
3,449 1,389 1,724 336 — — 
Total$40,190 $12,996 $18,776 $8,418 $— $— 
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(1)    The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.5 million, including $20.1 million recorded as a reduction of long-term deferred tax assets and $1.4 million in long-term income taxes payable as of June 30, 2023. As noted below in Note 13, “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 June 30, 2023, refer to Note 8, “Leases.”
(3)    During the first quarter of 2023, the Company paid upon maturity the remaining $10.4 million in aggregate principal amount of the 2023 Notes. Refer to Note 9, “Convertible Notes,” for additional information.
(4)    The Company has commitments with various software vendors for agreements generally having terms longer than one year. As of June 30, 2023, approximately $16.0 million of the fair value of the software licenses was included in other current liabilities and $14.2 million was included in other long-term liabilities, in the accompanying unaudited condensed consolidated balance sheet.
(5)    In connection with the acquisition of Hardent in the second quarter of 2022 and the acquisitions of AnalogX and 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.
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 (“IP”) infringement or any other claim by any third party arising as a 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 June 30, 2023 and December 31, 2022, respectively, was not material.