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GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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

Schedule of Acquired Indefinite-lived Intangible Assets by Major Class

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

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

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

Schedule of Amortization Expense

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

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

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- Definition

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)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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