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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The Company’s goodwill as of December 31, 2021 and December 31, 2020 are as follows:

Goodwill			December 31, 2021						December 31, 2020
			(In thousands)
Goodwill, beginning of period			$	24,783					$	24,783
Goodwill acquired			156,390						—
Currency translation adjustment			81						—
Goodwill, end of period			$	181,254					$	24,783

Schedule of Acquired Indefinite-lived Intangible Assets by Major Class

The Company’s purchased intangible assets as of December 31, 2021 and December 31, 2020 are as follows:

			December 31, 2021																								December 31, 2020
			Gross						Additions						Accumulated Amortization						Net						Gross						Additions												Accumulated Amortization						Net
			(In thousands)
Intangible assets:
Other indefinite-lived intangibles			$	286					$	—					$	—					$	286					$	286					$	—											$	—					$	286
Intangible assets with finite lives:
Developed technology			13,100						25,550						(8,958)						29,692						13,100						—												(5,276)						7,824
Customer relationships			26,421						14,600						(11,448)						29,573						23,100						3,321												(5,723)						20,698
Trade names			—						37,700						(93)						37,607						—						—												—						—
Order backlog			—						600						—						600						—						—												—						—
Total purchased intangible assets			$	39,807					$	78,450					$	(20,499)					$	97,758					$	36,486					$	3,321											$	(10,999)					$	28,808

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The Company’s purchased intangible assets as of December 31, 2021 and December 31, 2020 are as follows:

			December 31, 2021																								December 31, 2020
			Gross						Additions						Accumulated Amortization						Net						Gross						Additions												Accumulated Amortization						Net
			(In thousands)
Intangible assets:
Other indefinite-lived intangibles			$	286					$	—					$	—					$	286					$	286					$	—											$	—					$	286
Intangible assets with finite lives:
Developed technology			13,100						25,550						(8,958)						29,692						13,100						—												(5,276)						7,824
Customer relationships			26,421						14,600						(11,448)						29,573						23,100						3,321												(5,723)						20,698
Trade names			—						37,700						(93)						37,607						—						—												—						—
Order backlog			—						600						—						600						—						—												—						—
Total purchased intangible assets			$	39,807					$	78,450					$	(20,499)					$	97,758					$	36,486					$	3,321											$	(10,999)					$	28,808

Schedule of Amortization Expense

Amortization expense related to finite-lived intangible assets are as follows:

									Years Ended December 31,
															2021						2020
															(In thousands)
Developed technology															$	3,681					$	2,183
Customer relationships															5,726						2,909
Trade names															93						—
Total amortization expense															$	9,500					$	5,092

The expected future annual amortization expense of intangible assets as of December 31, 2021 is presented below (in thousands):

			December 31, 2021
Fiscal year:
2022			$	22,212
2023			21,856
2024			19,059
2025			17,744
2026			14,185
Thereafter			2,416
Total			$	97,472

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

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of acquired indefinite-lived intangible assets. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. Indefinite-lived assets are assets that are not subject to amortization. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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