XML 53 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-lived Intangible Assets

The following table presents details of the Company’s acquired intangible assets as of December 31, 2023 and 2022 (in thousands, except weighted-average amortization period):

As of December 31, 2023						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(19,640)					$	63,649
Customer relationships						15.0 years						6,579						(2,851)						3,728
Trade secrets and processes						20.0 years						5,256						(1,577)						3,679
Total intangible assets						9.6 years						$	95,124					$	(24,068)					$	71,056

As of December 31, 2022						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(10,113)					$	73,176
Customer relationships						15.0 years						6,383						(2,340)						4,043
Trade secrets and processes						20.0 years						5,256						(1,314)						3,942
Other						5.0 years						1,646						(1,646)						—
Total intangible assets						9.6 years						$	96,574					$	(15,413)					$	81,161

Schedule of Indefinite-lived Intangible Assets

The following table presents details of the Company’s acquired intangible assets as of December 31, 2023 and 2022 (in thousands, except weighted-average amortization period):

As of December 31, 2023						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(19,640)					$	63,649
Customer relationships						15.0 years						6,579						(2,851)						3,728
Trade secrets and processes						20.0 years						5,256						(1,577)						3,679
Total intangible assets						9.6 years						$	95,124					$	(24,068)					$	71,056

As of December 31, 2022						Weighted-Average Amortization Period						Gross Carrying Amount						Accumulated Amortization						Net
Finite-lived intangible assets:
Developed technology						8.8 years						$	83,289					$	(10,113)					$	73,176
Customer relationships						15.0 years						6,383						(2,340)						4,043
Trade secrets and processes						20.0 years						5,256						(1,314)						3,942
Other						5.0 years						1,646						(1,646)						—
Total intangible assets						9.6 years						$	96,574					$	(15,413)					$	81,161

Finite-lived Intangible Assets Amortization Expense

The following table presents the amortization recorded related to the Company’s finite-lived intangible assets for the years ended December 31, 2023, 2022 and 2021 (in thousands):

												Year Ended December 31,
																		2023						2022						2021
Cost of revenue																		$	263					$	263					$	263
Sales, general and administrative																		9,949						8,917						2,618
Total																		$	10,212					$	9,180					$	2,881

Schedule of Future Amortization Expense

As of December 31, 2023, expected amortization expense for the unamortized acquired intangible assets for the next five years and thereafter is as follows (in thousands):

			Amortization Expense
2024			$	10,220
2025			10,220
2026			10,220
2027			10,220
2028			10,220
Thereafter			19,956
Total amortization			$	71,056

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

No definition available.

+ Details

Name:	us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ 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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-3

+ Details

Name:	us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration