Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Purchase Price Allocation

The allocation of the purchase price for Linode was as follows (in thousands):

Total purchase consideration	$	898,516
Allocation of the purchase consideration:
Cash	$	26,678
Accounts receivable	7,171
Prepaid expenses and other current assets	4,478
Property and equipment	56,268
Operating lease right-of-use assets	17,000
Identifiable intangible assets	196,020
Deferred income tax assets	2,528
Other assets	292
Total assets acquired	310,435
Accounts payable	(5,767)
Accrued expenses	(1,958)
Operating lease liabilities	(17,235)
Other liabilities	(4,251)
Total liabilities assumed	(29,211)
Net assets acquired	281,224
Goodwill	$	617,292

The allocation of the purchase price for Guardicore was as follows (in thousands):

Total purchase consideration	$	610,693
Allocation of the purchase consideration:
Cash	$	27,252
Accounts receivable	10,179
Prepaid expenses and other current assets	1,307
Property and equipment	1,211
Operating lease right-of-use assets	2,657
Identifiable intangible assets	123,600
Deferred income tax assets	9,686
Other assets	890
Total assets acquired	176,782
Accounts payable	(1,523)
Accrued liabilities	(7,742)
Deferred revenue	(35,658)
Operating lease liabilities	(1,000)
Total liabilities assumed	(45,923)
Net assets acquired	$	130,859
Goodwill	479,834

Schedule of Acquired Intangible Assets

Acquired intangible assets that are subject to amortization consisted of the following as of December 31, 2023 and 2022 (in thousands):

	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Completed technologies	$	354,539	$	(196,572)	$	157,967	$	327,848	$	(162,323)	$	165,525
Customer-related intangible assets	616,267		(273,758)		342,509		480,817		(244,158)		236,659
Non-compete agreements	—		—		—		244		(183)		61
Trademarks and trade names	14,659		(9,117)		5,542		14,642		(7,585)		7,057
Acquired license rights	34,810		(4,685)		30,125		34,810		(2,396)		32,414
Total	$	1,020,275	$	(484,132)	$	536,143	$	858,361	$	(416,645)	$	441,716

Identified intangible assets acquired and their respective weighted average useful lives were as follows (in thousands, except years):

	Gross Carrying Amount		Weighted Average Useful Life (in years)
Customer-related intangible assets	$	84,200	16.8
Completed technologies	70,900		5.8
Acquired license rights	34,320		15.0
Trademarks and trade name	6,600		8.8
Total	$	196,020

Identified intangible assets acquired and their respective weighted average useful lives were as follows (in thousands, except years):

	Gross Carrying Amount		Weighted Average Useful Life (in years)
Completed technologies	$	79,000	15.0
Customer-related intangible assets	44,200		14.0
Trademarks	400		1.9
Total	$	123,600