XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.23.2

Intangible Assets, Net | 6 Months Ended
--- | ---
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, Net | Intangible Assets, Net Intangible assets, net consist of the following:
| June 30, 2023 |  | December 31, 2022
| Weighted Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed technology | 4.6 |  | $ | 90,581 |  |  | $ | (11,430) |  |  | $ | 79,151 |  |  | 4.0 |  | $ | 22,734 |  |  | $ | (4,993) |  |  | $ | 17,741 |
Software licenses | 0.8 |  | 23,590 |  |  | (14,889) |  |  | 8,701 |  |  | 1.5 |  | 23,305 |  |  | (11,514) |  |  | 11,791 |
Customer relationships | 9.2 |  | 52,841 |  |  | (3,918) |  |  | 48,923 |  |  | 8.2 |  | 17,569 |  |  | (1,895) |  |  | 15,674 |
Intellectual property licenses | 0.4 |  | 1,814 |  |  | (1,728) |  |  | 86 |  |  | 1.0 |  | 1,777 |  |  | (1,716) |  |  | 61 |
Trade names | 5.7 |  | 15,581 |  |  | (2,431) |  |  | 13,150 |  |  | 5.5 |  | 9,536 |  |  | (1,466) |  |  | 8,070 |
Backlog | 0.8 |  | 3,787 |  |  | (1,310) |  |  | 2,477 |  |  | 1.0 |  | 366 |  |  | (175) |  |  | 191 |
Effect of exchange rate on gross carrying amount |  |  | (2,523) |  |  |  |  | (2,523) |  |  |  |  | (3,614) |  |  | — |  |  | (3,614) |
Intangible assets with finite lives |  |  | 185,671 |  |  | (35,706) |  |  | 149,965 |  |  |  |  | 71,673 |  |  | (21,759) |  |  | 49,914 |
IPR&D |  |  | 32,368 |  |  | — |  |  | 32,368 |  |  |  |  | 14,160 |  |  | — |  |  | 14,160 |
Effect of exchange rate on gross carrying amount |  |  | (895) |  |  | — |  |  | (895) |  |  |  |  | (957) |  |  | — |  |  | (957) |
Total intangible assets with indefinite lives |  |  | 31,473 |  |  | — |  |  | 31,473 |  |  |  |  | 13,203 |  |  | — |  |  | 13,203 |
Total intangible assets |  |  | $ | 217,144 |  |  | $ | (35,706) |  |  | $ | 181,438 |  |  |  |  | $ | 84,876 |  |  | $ | (21,759) |  |  | $ | 63,117 |
The Company obtained software licenses, which it uses for its research and development efforts related to its products. In fiscal 2022, the Company obtained additional software licenses. Further, the Company has acquired developed technology, customer relationships, trade names, backlog and IPR&D as a result of business combinations. See Note 2 — Business Combinations for additional information. Intangible assets with finite lives are amortized on a straight-line basis over the expected period to be benefited by future cash flows. Amortization of intangible assets for the three months ended June 30, 2023 and 2022 was $8,577 and $4,133, respectively. Amortization of intangible assets for the six months ended June 30, 2023 and 2022 was $13,657 and $8,808, respectively. Amortization of intangible assets is included within Cost of goods sold, Research and development expenses, and Selling, general and administrative expenses based their respective nature, in the condensed consolidated statements of operations. Based on the amount of definite-lived intangible assets subject to amortization as of June 30, 2023, amortization expense for each of the next five fiscal years is expected to be as follows:
2023 (remaining six months) | $ | 18,366 |
2024 | 30,008 |
2025 | 24,463 |
2026 | 23,712 |
2027 | 21,138 |
Thereafter | 32,279 |
| $ | 149,965 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration