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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets as of December 31, 2024 and 2023, consisted of the following:

 

 

 

 

2024

 

 

2023

 

(In thousands)

Weighted Average Useful Life
(in years)

 

 

Gross Value

 

 

Accumulated
Amortization

 

 

Net Value

 

 

Gross Value

 

 

Accumulated
Amortization

 

 

Net Value

 

Customer relationships

 

11.0

 

 

$

51,165

 

 

$

(18,778

)

 

$

32,387

 

 

$

54,856

 

 

$

(15,943

)

 

$

38,913

 

Backlog

 

1.7

 

 

 

53,839

 

 

 

(52,258

)

 

 

1,581

 

 

 

57,391

 

 

 

(52,022

)

 

 

5,369

 

Developed technology

 

7.9

 

 

 

346,923

 

 

 

(99,588

)

 

 

247,335

 

 

 

339,189

 

 

 

(61,653

)

 

 

277,536

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(4,452

)

 

 

1,448

 

 

 

5,900

 

 

 

(3,797

)

 

 

2,103

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(407

)

 

 

153

 

 

 

560

 

 

 

(368

)

 

 

192

 

Patents

 

7.3

 

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

(500

)

 

 

 

Trade names

 

3.0

 

 

 

27,851

 

 

 

(25,862

)

 

 

1,989

 

 

 

29,689

 

 

 

(16,379

)

 

 

13,310

 

Total

 

 

 

$

486,238

 

 

$

(201,345

)

 

$

284,893

 

 

$

488,085

 

 

$

(150,662

)

 

$

337,423

 

 

Estimated Future Amortization Expense Related to Intangible Assets

As of December 31, 2024, estimated future amortization expense of intangible assets was as follows:

 

 

 

As of

 

(In thousands)

 

December 31, 2024

 

2025

 

$

56,268

 

2026

 

 

53,231

 

2027

 

 

47,585

 

2028

 

 

40,374

 

2029

 

 

40,028

 

Thereafter

 

 

47,407

 

     Total

 

$

284,893