XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Intangible Assets | Note 10 – Intangible Assets Intangible assets as of December 31, 2023 and 2022, consisted of the following:
|  |  |  | 2023 |  |  | 2022 |
(In thousands) | Weighted Average Useful Life (in years) |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |  |  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |
Customer relationships |  | 10.9 |  |  | $ | 54,856 |  |  | $ | (15,943 | ) |  | $ | 38,913 |  |  | $ | 53,847 |  |  | $ | (11,102 | ) |  | $ | 42,745 |
Backlog |  | 1.6 |  |  |  | 57,391 |  |  |  | (52,022 | ) |  |  | 5,369 |  |  |  | 55,782 |  |  |  | (22,725 | ) |  |  | 33,057 |
Developed technology |  | 8.5 |  |  |  | 329,369 |  |  |  | (61,271 | ) |  |  | 268,098 |  |  |  | 320,364 |  |  |  | (21,856 | ) |  |  | 298,508 |
Licensed technology |  | 9.0 |  |  |  | 5,900 |  |  |  | (3,797 | ) |  |  | 2,103 |  |  |  | 5,900 |  |  |  | (3,141 | ) |  |  | 2,759 |
Licensing agreements |  | 8.5 |  |  |  | 560 |  |  |  | (368 | ) |  |  | 192 |  |  |  | 560 |  |  |  | (298 | ) |  |  | 262 |
Patents |  | 7.3 |  |  |  | 500 |  |  |  | (500 | ) |  |  | — |  |  |  | 500 |  |  |  | (431 | ) |  |  | 69 |
Trade names |  | 3.0 |  |  |  | 29,689 |  |  |  | (16,379 | ) |  |  | 13,310 |  |  |  | 28,856 |  |  |  | (5,045 | ) |  |  | 23,811 |
Total |  |  |  | $ | 478,265 |  |  | $ | (150,280 | ) |  | $ | 327,985 |  |  | $ | 465,809 |  |  | $ | (64,598 | ) |  | $ | 401,211 |
The Company evaluates impairment at the reporting unit level, whenever events or changes in circumstances indicate that the carrying amount of assets within a reporting unit may not be recoverable and the undiscounted cash flows estimated to be generated by the assets are less than the reporting units carrying value. The Company assessed impairment triggers related to our reporting units during each financial period in 2023, 2022 and 2021 and no impairment losses of intangible assets were recorded during the years ended December 31, 2023, 2022 and 2021. See Note 1 for additional information regarding our assessment of impairment for our reporting units. Amortization expense was $82.8 million, $47.3 million and $4.1 million for the years ended December 31, 2023, 2022 and 2021, respectively, and was included in cost of revenue, selling, general and administrative expenses and research and development expenses in the Consolidated Statements of Loss. As of December 31, 2023, estimated future amortization expense of intangible assets was as follows:
|  | As of |
(In thousands) |  | December 31, 2023 |
2024 |  | $ | 59,112 |
2025 |  |  | 47,337 |
2026 |  |  | 44,040 |
2027 |  |  | 42,647 |
2028 |  |  | 42,504 |
Thereafter |  |  | 92,345 |
Total |  | $ | 327,985 |

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

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