XML 27 R13.htm IDEA: XBRL DOCUMENT
v3.22.1

GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The Company’s goodwill as of March 31, 2022 and December 31, 2021 are as follows:
Goodwill | March 31, 2022 |  | December 31, 2021
| (In thousands)
Goodwill, beginning of period | $ | 181,254 |  |  | $ | 24,783 |
Goodwill acquired | 14,105 |  |  | 156,390 |
Currency translation adjustment | 278 |  |  | 81 |
Goodwill, end of period | $ | 195,637 |  |  | $ | 181,254 |
The Company’s purchased intangible assets as of March 31, 2022 and December 31, 2021 are as follows:
| March 31, 2022 |  | December 31, 2021
| 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 | 38,650 |  |  | 3,600 |  |  | (10,823) |  |  | 31,427 |  |  | 13,100 |  |  | 25,550 |  |  |  |  | (8,958) |  |  | 29,692 |
Customer relationships | 41,021 |  |  | 7,600 |  |  | (13,206) |  |  | 35,415 |  |  | 26,421 |  |  | 14,600 |  |  |  |  | (11,448) |  |  | 29,573 |
Trade names | 37,700 |  |  | — |  |  | (1,978) |  |  | 35,722 |  |  | — |  |  | 37,700 |  |  |  |  | (93) |  |  | 37,607 |
Order backlog | 600 |  |  | — |  |  | (277) |  |  | 323 |  |  | — |  |  | 600 |  |  |  |  | — |  |  | 600 |
Total purchased intangible assets | $ | 118,257 |  |  | $ | 11,200 |  |  | $ | (26,284) |  |  | $ | 103,173 |  |  | $ | 39,807 |  |  | $ | 78,450 |  |  |  |  | $ | (20,499) |  |  | $ | 97,758 |
Amortization expense related to finite-lived intangible assets are as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021 |  |
|  |  |  |  | (In thousands)
Developed technology |  |  |  |  | $ | 1,866 |  |  | $ | 799 |  |  |
Customer relationships |  |  |  |  | 1,758 |  |  | 930 |  |  |
Trade names |  |  |  |  | 1,885 |  |  | 62 |  |  |
Order backlog |  |  |  |  | 277 |  |  | — |  |  |
Total amortization expense |  |  |  |  | $ | 5,786 |  |  | $ | 1,791 |  |  |
Amortization of developed technology is recorded to cost of sales and customer relationships and trade names is recorded to sales and marketing expense. The expected future amortization expense of intangible assets as of March 31, 2022 is presented below (in thousands):
| March 31, 2022
Fiscal year: |
2022 (remaining nine months) | $ | 18,212 |
2023 | 24,096 |
2024 | 21,299 |
2025 | 19,984 |
2026 | 16,425 |
Thereafter | 2,871 |
Total | $ | 102,887 |

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration