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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

Intangible assets consisted of the following:

 

 

 

 

As of September 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

 

 

$

332,245

 

 

$

(91,210

)

 

$

241,035

 

 

$

329,369

 

 

$

(61,271

)

 

$

268,098

 

Customer relationships

 

10.9

 

 

$

54,016

 

 

$

(18,461

)

 

$

35,555

 

 

$

54,856

 

 

$

(15,943

)

 

$

38,913

 

Trade names

 

3.0

 

 

 

29,955

 

 

 

(24,993

)

 

 

4,962

 

 

 

29,689

 

 

 

(16,379

)

 

 

13,310

 

Backlog

 

1.6

 

 

 

57,905

 

 

 

(55,133

)

 

 

2,772

 

 

 

57,391

 

 

 

(52,022

)

 

 

5,369

 

Licensed technology

 

9.0

 

 

 

5,900

 

 

 

(4,288

)

 

 

1,612

 

 

 

5,900

 

 

 

(3,797

)

 

 

2,103

 

Licensing agreements

 

8.5

 

 

 

560

 

 

 

(398

)

 

 

162

 

 

 

560

 

 

 

(368

)

 

 

192

 

Patents

 

7.3

 

 

 

 

 

 

 

 

 

 

 

 

500

 

 

 

(500

)

 

 

 

     Total

 

 

 

$

480,581

 

 

$

(194,483

)

 

$

286,098

 

 

$

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)

 

September 30, 2024

 

2024

 

$

14,905

 

2025

 

 

47,737

 

2026

 

 

44,408

 

2027

 

 

43,018

 

2028

 

 

42,870

 

Thereafter

 

 

93,160

 

     Total

 

$

286,098