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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets as of December 31, 2022 and 2021, consisted of the following:

 

 

 

 

2022

 

 

2021

 

(In thousands)

Weighted Average Useful Life
(in years)

 

 

Gross Value

 

 

Accumulated
Amortization

 

 

Net Value

 

 

Gross Value

 

 

Accumulated
Amortization

 

 

Net Value

 

Customer relationships

 

10.9

 

 

$

55,517

 

 

$

(12,772

)

 

$

42,745

 

 

$

20,796

 

 

$

(9,906

)

 

$

10,890

 

Backlog

 

1.6

 

 

 

55,782

 

 

 

(22,725

)

 

 

33,057

 

 

 

 

 

 

 

 

 

 

Developed technology

 

8.5

 

 

 

320,364

 

 

 

(21,856

)

 

 

298,508

 

 

 

8,200

 

 

 

(3,683

)

 

 

4,517

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(3,141

)

 

 

2,759

 

 

 

5,900

 

 

 

(2,486

)

 

 

3,414

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(298

)

 

 

262

 

 

 

560

 

 

 

(225

)

 

 

335

 

Patents

 

7.3

 

 

 

500

 

 

 

(431

)

 

 

69

 

 

 

500

 

 

 

(363

)

 

 

137

 

Trade names

 

3.0

 

 

 

29,066

 

 

 

(5,255

)

 

 

23,811

 

 

 

210

 

 

 

(210

)

 

 

 

Total

 

 

 

$

467,689

 

 

$

(66,478

)

 

$

401,211

 

 

$

36,166

 

 

$

(16,873

)

 

$

19,293

 

Estimated Future Amortization Expense Related to Intangible Assets

As of December 31, 2022, estimated future amortization expense of intangible assets was as follows:

(In thousands)

 

Amount

 

2023

 

$

82,080

 

2024

 

 

57,545

 

2025

 

 

46,095

 

2026

 

 

42,851

 

2027

 

 

41,491

 

Thereafter

 

 

131,149

 

Total

 

$

401,211