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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

As of March 31, 2023

 

 

As of December 31, 2022

 

(In thousands)

Weighted Average Useful Life
(in years)

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

Customer relationships

 

10.9

 

 

$

54,103

 

 

$

(12,180

)

 

$

41,923

 

 

$

55,517

 

 

$

(12,772

)

 

$

42,745

 

Backlog

 

1.6

 

 

 

56,382

 

 

 

(35,348

)

 

 

21,034

 

 

 

55,782

 

 

 

(22,725

)

 

 

33,057

 

Developed technology

 

8.5

 

 

 

323,723

 

 

 

(31,604

)

 

 

292,119

 

 

 

320,364

 

 

 

(21,856

)

 

 

298,508

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(3,305

)

 

 

2,595

 

 

 

5,900

 

 

 

(3,141

)

 

 

2,759

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(316

)

 

 

244

 

 

 

560

 

 

 

(298

)

 

 

262

 

Patents

 

7.3

 

 

 

500

 

 

 

(449

)

 

 

51

 

 

 

500

 

 

 

(431

)

 

 

69

 

Trade names

 

3.0

 

 

 

29,167

 

 

 

(7,847

)

 

 

21,320

 

 

 

29,066

 

 

 

(5,255

)

 

 

23,811

 

     Total

 

 

 

$

470,335

 

 

$

(91,049

)

 

$

379,286

 

 

$

467,689

 

 

$

(66,478

)

 

$

401,211

 

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense of intangible assets was as follows:

 

 

 

As of

 

(In thousands)

 

March 31, 2023

 

2023

 

$

56,855

 

2024

 

 

58,129

 

2025

 

 

46,558

 

2026

 

 

43,292

 

2027

 

 

41,922

 

Thereafter

 

 

132,530

 

     Total

 

$

379,286