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Goodwill
9 Months Ended
Sep. 30, 2022
Goodwill Disclosure [Abstract]  
Goodwill

10. GOODWILL

The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 are as follows:

 

(In thousands)

 

Network Solutions

 

 

Services & Support

 

 

Total

 

As of December 31, 2021

 

$

6,568

 

 

$

400

 

 

$

6,968

 

Goodwill from Business Combination with ADVA

 

 

270,568

 

 

 

88,589

 

 

 

359,157

 

Foreign currency translation adjustments

 

 

(6,220

)

 

 

(2,036

)

 

 

(8,256

)

As of September 30, 2022

 

$

270,916

 

 

$

86,953

 

 

$

357,869

 

 

Goodwill represents the excess purchase price over the fair value of net assets acquired. We qualitatively assess the carrying value of goodwill each reporting period for events or circumstance changes that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Based on its assessment of certain qualitative factors such as macro-economic conditions, industry and market considerations, costs factors and overall financial performance, management concluded that no such events or circumstance changes were identified that would suggest that the fair value of the goodwill was more likely than not greater than its carrying amount as of September 30, 2022. No impairment of goodwill was recorded during the three and nine months ended September 30, 2022 and 2021.