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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Purchase Price Allocation | The allocation of the purchase price for Linode was as follows (in thousands):
Total purchase consideration |  | $ | 898,516 |
Allocation of the purchase consideration: |  |
Cash |  | $ | 26,678 |
Accounts receivable |  | 7,171 |
Prepaid expenses and other current assets |  | 4,478 |
Property and equipment |  | 56,268 |
Operating lease right-of-use assets |  | 17,000 |
Identifiable intangible assets |  | 196,020 |
Deferred income tax assets |  | 2,528 |
Other assets |  | 292 |
Total assets acquired |  | 310,435 |
Accounts payable |  | (5,767) |
Accrued expenses |  | (1,958) |
Operating lease liabilities |  | (17,235) |
Other liabilities |  | (4,251) |
Total liabilities assumed |  | (29,211) |
Net assets acquired |  | 281,224 |
Goodwill |  | $ | 617,292 |
The allocation of the purchase price for Guardicore was as follows (in thousands):
Total purchase consideration |  | $ | 610,693 |
Allocation of the purchase consideration: |  |
Cash |  | $ | 27,252 |
Accounts receivable |  | 10,179 |
Prepaid expenses and other current assets |  | 1,307 |
Property and equipment |  | 1,211 |
Operating lease right-of-use assets |  | 2,657 |
Identifiable intangible assets |  | 123,600 |
Deferred income tax assets |  | 9,686 |
Other assets |  | 890 |
Total assets acquired |  | 176,782 |
Accounts payable |  | (1,523) |
Accrued liabilities |  | (7,742) |
Deferred revenue |  | (35,658) |
Operating lease liabilities |  | (1,000) |
Total liabilities assumed |  | (45,923) |
Net assets acquired |  | $ | 130,859 |
Goodwill |  | 479,834 |
Schedule of Acquired Intangible Assets | Acquired intangible assets that are subject to amortization consisted of the following as of December 31, 2023 and 2022 (in thousands):
| December 31, 2023 |  | December 31, 2022
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Completed technologies | $ | 354,539 |  |  | $ | (196,572) |  |  | $ | 157,967 |  |  | $ | 327,848 |  |  | $ | (162,323) |  |  | $ | 165,525 |
Customer-related intangible assets | 616,267 |  |  | (273,758) |  |  | 342,509 |  |  | 480,817 |  |  | (244,158) |  |  | 236,659 |
Non-compete agreements | — |  |  | — |  |  | — |  |  | 244 |  |  | (183) |  |  | 61 |
Trademarks and trade names | 14,659 |  |  | (9,117) |  |  | 5,542 |  |  | 14,642 |  |  | (7,585) |  |  | 7,057 |
Acquired license rights | 34,810 |  |  | (4,685) |  |  | 30,125 |  |  | 34,810 |  |  | (2,396) |  |  | 32,414 |
Total | $ | 1,020,275 |  |  | $ | (484,132) |  |  | $ | 536,143 |  |  | $ | 858,361 |  |  | $ | (416,645) |  |  | $ | 441,716 |
Identified intangible assets acquired and their respective weighted average useful lives were as follows (in thousands, except years):
| Gross Carrying Amount |  | Weighted Average Useful Life (in years)
Customer-related intangible assets | $ | 84,200 |  |  | 16.8
Completed technologies | 70,900 |  |  | 5.8
Acquired license rights | 34,320 |  |  | 15.0
Trademarks and trade name | 6,600 |  |  | 8.8
Total | $ | 196,020 |  |  |
Identified intangible assets acquired and their respective weighted average useful lives were as follows (in thousands, except years):
| Gross Carrying Amount |  | Weighted Average Useful Life (in years)
Completed technologies | $ | 79,000 |  |  | 15.0
Customer-related intangible assets | 44,200 |  |  | 14.0
Trademarks | 400 |  |  | 1.9
Total | $ | 123,600 |  |  |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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