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Goodwill and Identified Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Identified Intangible Assets | NOTE 11 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS Goodwill The changes to the carrying value of goodwill from January 1, 2021 through December 31, 2022 are reflected below (in thousands):
|  | Amounts |
Balance at December 31, 2020 and 2021 |  | $ | 314,576 |
Goodwill adjustment related to Mergers in prior periods |  |  | (916 | )
Balance at December 31, 2022 |  | $ | 313,660 |
Goodwill at each reporting unit is evaluated for potential impairment annually, as of the beginning of the fourth quarter, and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. The process of evaluating goodwill for potential impairment is subjective and requires significant estimates, assumptions and judgments particularly related to the identification of reporting units, the assignment of assets and liabilities to reporting units and estimating the fair value of each reporting unit. As part of its annual goodwill impairment test, the Company elected to proceed with a qualitative goodwill impairment test and no indicators of potential impairment were identified. Additionally, based on the qualitative evaluation, which included consideration of the carrying value of the IP Licensing reporting unit and market capitalization of the Company, no goodwill impairment triggers were identified as of December 31, 2022. No impairment charges were recognized for the years ended December 31, 2021 and 2020. Identified Intangible Assets Identified intangible assets consisted of the following (in thousands):
|  |  |  | December 31, 2022 |  |  | December 31, 2021 |
|  | Average Life (Years) |  | Gross Assets |  |  | Accumulated Amortization |  |  | Net |  |  | Gross Assets |  |  | Accumulated Amortization |  |  | Net |
Finite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired patents / core technology |  | 3-10 |  | $ | 645,928 |  |  | $ | (270,275 | ) |  | $ | 375,653 |  |  | $ | 667,613 |  |  | $ | (219,292 | ) |  | $ | 448,321 |
Existing technology / content database |  | 5-10 |  |  | 38,681 |  |  |  | (36,614 | ) |  |  | 2,067 |  |  |  | 38,681 |  |  |  | (33,514 | ) |  |  | 5,167 |
Customer contracts and related relationships |  | 3-9 |  |  | 155,900 |  |  |  | (101,252 | ) |  |  | 54,648 |  |  |  | 155,900 |  |  |  | (62,677 | ) |  |  | 93,223 |
Trademarks/trade name |  | 4-10 |  |  | 1,300 |  |  |  | (1,192 | ) |  |  | 108 |  |  |  | 1,300 |  |  |  | (1,029 | ) |  |  | 271 |
Total intangible assets |  |  |  | $ | 841,809 |  |  | $ | (409,333 | ) |  | $ | 432,476 |  |  | $ | 863,494 |  |  | $ | (316,512 | ) |  | $ | 546,982 |
As of December 31, 2022, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):
|  | Amounts |
2023 |  | $ | 93,540 |
2024 |  |  | 68,809 |
2025 |  |  | 52,731 |
2026 |  |  | 52,597 |
2027 |  |  | 52,246 |
Thereafter |  |  | 112,553 |
|  | $ | 432,476 |

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- 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 https://asc.fasb.org/topic&trid=2144416 + Details
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