XML 44 R39.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

As of March 31, 2024

 

 

As of December 31, 2023

 

(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

 

 

$

52,754

 

 

$

(15,725

)

 

$

37,029

 

 

$

54,856

 

 

$

(15,943

)

 

$

38,913

 

Backlog

 

1.6

 

 

 

56,106

 

 

 

(51,712

)

 

 

4,394

 

 

 

57,391

 

 

 

(52,022

)

 

 

5,369

 

Developed technology

 

8.5

 

 

 

322,176

 

 

 

(69,549

)

 

 

252,627

 

 

 

329,369

 

 

 

(61,271

)

 

 

268,098

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(3,961

)

 

 

1,939

 

 

 

5,900

 

 

 

(3,797

)

 

 

2,103

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(378

)

 

 

182

 

 

 

560

 

 

 

(368

)

 

 

192

 

Trade names

 

3.0

 

 

 

29,024

 

 

 

(18,747

)

 

 

10,277

 

 

 

29,689

 

 

 

(16,379

)

 

 

13,310

 

     Total

 

 

 

$

466,520

 

 

$

(160,072

)

 

$

306,448

 

 

$

477,765

 

 

$

(149,780

)

 

$

327,985

 

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense of intangible assets is as follows:

 

 

 

As of

 

(In thousands)

 

March 31, 2024

 

2024

 

$

43,396

 

2025

 

 

46,346

 

2026

 

 

43,089

 

2027

 

 

41,725

 

2028

 

 

41,578

 

Thereafter

 

 

90,314

 

     Total

 

$

306,448