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Goodwill and Intangibles Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which are amortized over their estimated useful lives:

									March 31, 2022																		December 31, 2021
			Weighted Average Useful Life (in Years)						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Value						Accumulated Amortization						Net Carrying Amount
									(in thousands)
Licensed technology			6.2						$	21,487					$	(2,623)					$	18,864					$	16,850					$	(2,218)					$	14,632
Developed technology			7.0						308,661						(200,055)						108,606						308,661						(189,244)						119,417
Trademarks and trade names			6.2						14,800						(11,821)						2,979						14,800						(11,221)						3,579
Customer relationships			5.0						128,800						(122,047)						6,753						128,800						(116,847)						11,953
Backlog			2.4						1,300						(949)						351						1,300						(941)						359
			6.2						$	475,048					$	(337,495)					$	137,553					$	470,411					$	(320,471)					$	149,940

Finite-lived Intangible Assets Amortization Expense

The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of income as follows:

			Three Months Ended March 31,
			2022						2021
			(in thousands)
Cost of net revenue			$	10,847					$	10,765
Research and development			1						1
Selling, general and administrative			6,176						6,070
			$	17,024					$	16,836

Schedule of Finite-Lived Intangible Assets

The following table sets forth the activity related to finite-lived intangible assets:

			Three Months Ended March 31,
			2022						2021
			(in thousands)
Beginning balance			$	149,940					$	200,066
Additions			4,637						1,112
Amortization			(17,024)						(16,836)
Ending balance			$	137,553					$	184,342

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2022:

			Amount
			(in thousands)
2022 (9 months)			$	34,480
2023			39,934
2024			24,655
2025			13,320
2026			12,209
Thereafter			12,955
Total			$	137,553

X

- Definition

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

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- Definition

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

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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