XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

INTANGIBLE ASSETS AND GOODWILL | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS AND GOODWILL | INTANGIBLE ASSETS AND GOODWILL The Company's intangible assets at March 31, 2023 and December 31, 2022 consisted of the following (in thousands):
March 31, 2023 | Weighted average amortization period (years) |  | Cost |  | Accumulated amortization |  | Net carrying value
Developed technology | 7.84 |  | $ | 340,380 |  |  | $ | 219,471 |  |  | $ | 120,909 |
Customer relationships | 11.86 |  | 268,140 |  |  | 113,497 |  |  | 154,643 |
Trade names | 3.88 |  | 5,000 |  |  | 4,810 |  |  | 190 |
Software licenses | 3.00 |  | 5,186 |  |  | 853 |  |  | 4,333 |
| 9.51 |  | $ | 618,706 |  |  | $ | 338,631 |  |  | $ | 280,075 |
December 31, 2022 | Weighted average amortization period (years) |  | Cost |  | Accumulated amortization |  | Net carrying value
Developed technology | 7.84 |  | $ | 340,380 |  |  | $ | 212,448 |  |  | $ | 127,932 |
Customer relationships | 11.86 |  | 268,140 |  |  | 106,385 |  |  | 161,755 |
Trade names | 3.88 |  | 5,000 |  |  | 4,658 |  |  | 342 |
Software licenses | 3.00 |  | 5,186 |  |  | 487 |  |  | 4,699 |
| 9.51 |  | $ | 618,706 |  |  | $ | 323,978 |  |  | $ | 294,728 |
Estimated future amortization expense for the Company's intangible assets at March 31, 2023 was as follows (in thousands):
Years ending December 31, |
Remainder of 2023 | $ | 42,229 |
2024 | 50,717 |
2025 | 44,006 |
2026 | 38,965 |
2027 | 33,936 |
2028 | 23,400 |
Thereafter | 46,822 |
| $ | 280,075 |
There were no changes to the carrying value of the Company's goodwill in the three months ended March 31, 2023 and 2022. The components of goodwill at March 31, 2023 and 2022 were as follows (in thousands):
| Cloud and Edge |  | IP Optical Networks |  | Total
Balance at March 31, 2023 |  |  |  |  |
Goodwill | $ | 392,302 |  |  | $ | 191,996 |  |  | $ | 584,298 |
Accumulated impairment losses | (167,406) |  |  | (116,000) |  |  | (283,406) |
| $ | 224,896 |  |  | $ | 75,996 |  |  | $ | 300,892 |
Balance at March 31, 2022 |  |  |  |  |
Goodwill | $ | 392,302 |  |  | $ | 191,996 |  |  | $ | 584,298 |
Accumulated impairment losses | (167,406) |  |  | (116,000) |  |  | (283,406) |
| $ | 224,896 |  |  | $ | 75,996 |  |  | $ | 300,892 |

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 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration