XML 44 R39.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

As of June 30, 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

 

Developed technology

 

8.5

 

 

$

320,849

 

 

$

(78,762

)

 

$

242,087

 

 

$

329,369

 

 

$

(61,271

)

 

$

268,098

 

Customer relationships

 

10.9

 

 

$

52,587

 

 

$

(16,863

)

 

$

35,724

 

 

$

54,856

 

 

$

(15,943

)

 

$

38,913

 

Trade names

 

3.0

 

 

 

28,901

 

 

 

(21,391

)

 

 

7,510

 

 

 

29,689

 

 

 

(16,379

)

 

 

13,310

 

Backlog

 

1.6

 

 

 

55,868

 

 

 

(52,343

)

 

 

3,525

 

 

 

57,391

 

 

 

(52,022

)

 

 

5,369

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(4,125

)

 

 

1,775

 

 

 

5,900

 

 

 

(3,797

)

 

 

2,103

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(388

)

 

 

172

 

 

 

560

 

 

 

(368

)

 

 

192

 

Patents

 

7.3

 

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

(500

)

 

 

 

     Total

 

 

 

$

464,665

 

 

$

(173,872

)

 

$

290,793

 

 

$

478,265

 

 

$

(150,280

)

 

$

327,985

 

 

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense of intangible assets is as follows:

 

 

 

As of

 

(In thousands)

 

June 30, 2024

 

2024

 

$

28,814

 

2025

 

 

46,163

 

2026

 

 

42,915

 

2027

 

 

41,554

 

2028

 

 

41,408

 

Thereafter

 

 

89,939

 

     Total

 

$

290,793