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Goodwill and Identified Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of Changes to Carrying Value of Goodwill | The changes to the carrying value of goodwill from January 1, 2019 through December 31, 2020 are reflected below (in thousands):
December 31, 2018 |  | $ | 385,784 |
December 31, 2019 |  | $ | 385,784 |
Goodwill acquired through the Mergers (1) |  |  | 461,129 |
Purchase price adjustment related to the Mergers (2) |  |  | 116 |
December 31, 2020 (3) |  | $ | 847,029 |
(1) In connection with the TiVo Merger, the Company recorded $461.1 million of goodwill, representing the preliminary fair value as of the effective date of the Mergers. See “Note 9 – Business Combination” for additional details. (2) Representing measurement period adjustments primarily related to current indirect taxes payable, current and non-current income taxes receivable and payable, and deferred taxes as additional information was received and tax returns were finalized. See “Note 9 – Business Combination” for additional details. (3) Of this amount, approximately $523.8 million is allocated to the Company’s Product reporting segment and approximately $323.2 million is allocated to its IP Licensing reporting segment.
Identified Intangible Assets | Identified intangible assets consisted of the following (in thousands):
|  |  |  | December 31, 2020 |  |  | December 31, 2019 |
|  | Average Life (Years) |  | Gross Assets |  |  | Accumulated Amortization |  |  | Net |  |  | Gross Assets |  |  | Accumulated Amortization |  |  | Net |
Finite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired patents / core technology (1) |  | 3-15 |  | $ | 659,085 |  |  | $ | (167,916 | ) |  | $ | 491,169 |  |  | $ | 151,184 |  |  | $ | (135,952 | ) |  | $ | 15,232 |
Existing technology / content database (2) (3) |  | 5-10 |  |  | 248,110 |  |  |  | (169,326 | ) |  |  | 78,784 |  |  |  | 206,878 |  |  |  | (130,890 | ) |  |  | 75,988 |
Customer contracts and related relationships (4) |  | 3-9 |  |  | 650,171 |  |  |  | (256,199 | ) |  |  | 393,972 |  |  |  | 291,769 |  |  |  | (174,741 | ) |  |  | 117,028 |
Trademarks/trade name |  | 4-10 |  |  | 40,083 |  |  |  | (21,029 | ) |  |  | 19,054 |  |  |  | 40,083 |  |  |  | (16,056 | ) |  |  | 24,027 |
Non-competition agreements |  | 1 |  |  | 2,231 |  |  |  | (2,231 | ) |  |  | — |  |  |  | 2,231 |  |  |  | (2,231 | ) |  |  | — |
Total finite-lived intangible assets |  |  |  |  | 1,599,680 |  |  |  | (616,701 | ) |  |  | 982,979 |  |  |  | 692,145 |  |  |  | (459,870 | ) |  |  | 232,275 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TiVo Tradename/trademarks (5) |  | N/A |  |  | 21,400 |  |  |  | — |  |  |  | 21,400 |  |  |  | — |  |  |  | — |  |  |  | — |
Total intangible assets |  |  |  | $ | 1,621,080 |  |  | $ | (616,701 | ) |  | $ | 1,004,379 |  |  | $ | 692,145 |  |  | $ | (459,870 | ) |  | $ | 232,275 |
| (1) | In June 2020, $457.4 million of patents was acquired through the Mergers. See “Note 9 – Business Combination.”
| (2) | In June 2020, $34.8 million of existing (developed) technology was acquired through the Mergers. See “Note 9 – Business Combination.”
| (3) | In June 2020, $6.2 million of content database was acquired through the Mergers. See “Note 9 – Business Combination.”
| (4) | In June 2020, $358.2 million of customer contracts and related relationships was acquired through the Mergers. See “Note 9 – Business Combination.”
| (5) | In June 2020, $21.4 million of TiVo t radename/trademarks was acquired through the Merger s. See “Note 9 – Business Combination.”
Estimated Future Amortization Expense | As of December 31, 2020, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):
2021 |  | $ | 202,453 |
2022 |  |  | 154,014 |
2023 |  |  | 143,134 |
2024 |  |  | 104,330 |
2025 |  |  | 79,862 |
Thereafter |  |  | 299,186 |
|  | $ | 982,979 |

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