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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets as of March 31, 2025 and December 31, 2024, consisted of the following:

 

 

 

 

As of March 31, 2025

 

 

As of December 31, 2024

 

(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

 

11.0

 

 

$

52,849

 

 

$

(20,509

)

 

$

32,340

 

 

$

51,165

 

 

$

(18,778

)

 

$

32,387

 

Backlog

 

1.7

 

 

 

56,242

 

 

 

(55,262

)

 

 

980

 

 

 

53,839

 

 

 

(52,258

)

 

 

1,581

 

Developed technology

 

7.7

 

 

 

372,948

 

 

 

(116,133

)

 

 

256,815

 

 

 

346,923

 

 

 

(99,588

)

 

 

247,335

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(4,616

)

 

 

1,284

 

 

 

5,900

 

 

 

(4,452

)

 

 

1,448

 

Licensed agreements

 

8.5

 

 

 

560

 

 

 

(417

)

 

 

143

 

 

 

560

 

 

 

(407

)

 

 

153

 

Trade names

 

3.0

 

 

 

29,094

 

 

 

(27,592

)

 

 

1,502

 

 

 

27,851

 

 

 

(25,862

)

 

 

1,989

 

     Total

 

 

 

$

517,593

 

 

$

(224,529

)

 

$

293,064

 

 

$

486,238

 

 

$

(201,345

)

 

$

284,893

 

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense of intangible assets is as follows:

 

 

As of

 

(In thousands)

 

March 31, 2025

 

2025

 

$

44,939

 

2026

 

 

58,284

 

2027

 

 

52,352

 

2028

 

 

43,429

 

2029

 

 

42,170

 

Thereafter

 

 

51,890

 

     Total

 

$

293,064