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Goodwill and Intangibles Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The following table presents the changes in the carrying amount of goodwill for the periods indicated:
|  | Six Months Ended June 30,
|  | 2024 |  | 2023
|  | (in thousands)
Beginning balance |  | $ | 318,588 |  |  | $ | 306,739 |
Acquisitions (Note 3) |  | — |  |  | 11,717 |
Ending balance |  | $ | 318,588 |  |  | $ | 318,456 |
Summary 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:
|  |  | June 30, 2024 |  | December 31, 2023
| Weighted Average Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
|  |  | (in thousands)
Licensed technology | 7.0 |  | $ | 23,276 |  |  | $ | (1,924) |  |  | $ | 21,352 |  |  | $ | 20,133 |  |  | $ | (1,431) |  |  | $ | 18,702 |
Developed technology | 6.9 |  | 311,261 |  |  | (276,946) |  |  | 34,315 |  |  | 311,261 |  |  | (263,635) |  |  | 47,626 |
Trademarks and trade names | 6.2 |  | 14,800 |  |  | (14,348) |  |  | 452 |  |  | 14,800 |  |  | (14,276) |  |  | 524 |
Customer relationships | 5.0 |  | 128,800 |  |  | (127,117) |  |  | 1,683 |  |  | 128,800 |  |  | (126,347) |  |  | 2,453 |
Patents | 7.0 |  | 4,780 |  |  | (796) |  |  | 3,984 |  |  | 4,780 |  |  | (455) |  |  | 4,325 |
| 6.1 |  | $ | 482,917 |  |  | $ | (421,131) |  |  | $ | 61,786 |  |  | $ | 479,774 |  |  | $ | (406,144) |  |  | $ | 73,630 |
Summary of 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 operations as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands) |  | (in thousands)
Cost of net revenue | $ | 5,336 |  |  | $ | 9,333 |  |  | $ | 13,804 |  |  | $ | 18,791 |
Research and development | — |  |  | 1 |  |  | — |  |  | 2 |
Selling, general and administrative | 592 |  |  | 709 |  |  | 1,183 |  |  | 1,637 |
| $ | 5,928 |  |  | $ | 10,043 |  |  | $ | 14,987 |  |  | $ | 20,430 |
Summary of Finite-Lived Intangible Assets | The following table sets forth the activity related to finite-lived intangible assets:
|  | Six Months Ended June 30,
|  | 2024 |  | 2023
|  | (in thousands)
Beginning balance |  | $ | 73,630 |  |  | $ | 109,316 |
Additions |  | 3,143 |  |  | 5,524 |
Other disposals |  | — |  |  | (769) |
Amortization |  | (14,987) |  |  | (20,430) |
Impairment losses |  | — |  |  | (2,438) |
Ending balance |  | $ | 61,786 |  |  | $ | 91,203 |
Summary of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2024:
|  | Amount
|  | (in thousands)
2024 (6 months) |  | $ | 8,370 |
2025 |  | 14,795 |
2026 |  | 13,966 |
2027 |  | 10,354 |
2028 |  | 5,016 |
Thereafter |  | 9,285 |
Total |  | $ | 61,786 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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