Business Combinations (Tables)

9 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Purchase Price Consideration

The total purchase consideration consisted of the following (in thousands):

Cash paid to exocad stockholders	$	412,287
Cash paid to settle exocad’s bank debt	17,691
Total purchase consideration paid	$	429,978

Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The preliminary allocation of purchase price to assets acquired and liabilities assumed which is subject to change within the measurement period is as follows (in thousands):

Goodwill	$	340,181
Identified intangible assets	118,700
Cash and cash equivalents	9,190
Deferred tax liabilities	(35,419)
Other assets (liabilities), net	(2,674)
Total	$	429,978

Identified Intangible Assets Acquired

The following table presents details of the identified intangible assets acquired (in thousands, except years):

	Weighted Average Amortization Period (in years)	Fair Value
Intangible assets subject to amortization:
Existing technology	10	$	87,000
Customer relationships	10	21,500
Tradenames	7	9,800
Intangible assets not subject to amortization:
In-process Research and Development (“IPR&D”)	N/A	400
Total intangible assets		$	118,700