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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Asset Acquisition | The following table summarizes the details of the asset acquisitions:
Asset Acquisition |  | Acquisition Date |  | Purchase Price (1) (in thousands) |  | Weighted Average Amortization Period (in years)
Edgio |  | December 2024 |  | $ | 158,247 |  | (2)(3) |  | 9.0
Lumen |  | October 2023 |  | $ | 79,682 |  |  |  | 12.2
StackPath |  | August 2023 |  | $ | 51,211 |  |  |  | 13.4
(1) Includes capitalized transaction costs and a portion of the transition services agreement costs. (2) Purchase price is estimated and is subject to adjustment for certain post-closing activities expected to be completed in the first quarter of 2025. (3) As of December 31, 2024, the Company paid the majority of the purchase price in cash to Edgio and expects to pay the remaining consideration, if any, by the end of the first quarter of 2025.
Schedule of Purchase Price Allocation | The preliminary allocation of the purchase price for Noname Security and fair values of the assets acquired and liabilities assumed were as follows (in thousands):
Total purchase consideration |  | $ | 452,319 |
Allocation of the purchase consideration: |  |
Cash |  | $ | 18,253 |
Accounts receivable |  | 5,984 |
Prepaid expenses and other current assets |  | 3,020 |
Identifiable intangible assets |  | 137,800 |
Deferred income tax assets |  | 2,487 |
Total assets acquired |  | 167,544 |
Accounts payable |  | (2,074) |
Accrued expenses |  | (5,926) |
Deferred revenue |  | (19,289) |
Total liabilities assumed |  | (27,289) |
Identifiable net assets acquired |  | 140,255 |
Goodwill |  | 312,064 |
Total purchase price allocation |  | $ | 452,319 |
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 |
Schedule of Acquired Intangible Assets | Acquired intangible assets that are subject to amortization consisted of the following as of December 31, 2024 and 2023 (in thousands):
| December 31, 2024 |  | December 31, 2023
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Completed technologies | $ | 463,766 |  |  | $ | (223,480) |  |  | $ | 240,286 |  |  | $ | 354,539 |  |  | $ | (196,572) |  |  | $ | 157,967 |
Customer-related intangible assets | 758,817 |  |  | (313,991) |  |  | 444,826 |  |  | 616,267 |  |  | (273,758) |  |  | 342,509 |
Trademarks and trade names | 15,318 |  |  | (10,579) |  |  | 4,739 |  |  | 14,659 |  |  | (9,117) |  |  | 5,542 |
Acquired license rights | 44,810 |  |  | (7,076) |  |  | 37,734 |  |  | 34,810 |  |  | (4,685) |  |  | 30,125 |
Total | $ | 1,282,711 |  |  | $ | (555,126) |  |  | $ | 727,585 |  |  | $ | 1,020,275 |  |  | $ | (484,132) |  |  | $ | 536,143 |
Identified intangible assets acquired and their respective weighted average amortization period were as follows (in thousands, except years):
| Gross Carrying Amount |  | Weighted Average Amortization Period (in years)
Completed technologies | $ | 132,300 |  |  | 10.5
Customer-related intangible assets | 4,800 |  |  | 10.5
Trademarks | 700 |  |  | 2.5
Total | $ | 137,800 |  |  |
Identified intangible assets acquired and their respective weighted average amortization period were as follows (in thousands, except years):
| Gross Carrying Amount |  | Weighted Average Amortization Period (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 |  |  |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -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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