Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

4.    Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following:

	Weighted-
	Average
	Amortization
(in thousands, except years)	Period	Gross		Accumulated			Intangible
March 31, 2020:	(in years)	Amount		Amortization			Assets, net
Intangible assets subject to amortization:
Developed technology	8	$	271,748	$	(171,415	)	$	100,333
Manufacturing know-how and trade secrets	13		30,783		(20,899	)		9,884
Trade name and trademarks	9		25,500		(17,696	)		7,804
Customer relationships	9		153,630		(80,515	)		73,115
Total intangible assets subject to amortization	9	$	481,661	$	(290,525	)	$	191,136
Intangible assets not subject to amortization:
Goodwill							$	559,299
Total goodwill and intangible assets, net							$	750,435

	Weighted-
	Average
	Amortization
	Period	Gross		Accumulated			Intangible
December 31, 2019:	(in years)	Amount		Amortization			Assets, net
Intangible assets subject to amortization:
Developed technology	8	$	271,748	$	(163,459	)	$	108,289
Manufacturing know-how and trade secrets	13		30,798		(20,333	)		10,465
Trade name and trademarks	9		25,500		(16,947	)		8,553
Customer relationships	9		150,744		(76,959	)		73,785
Total intangible assets subject to amortization	9	$	478,790	$	(277,698	)	$	201,092
Intangible assets not subject to amortization:
Goodwill							$	561,064
Total goodwill and intangible assets, net							$	762,156

The following table summarizes the changes in the carrying value of the Company’s goodwill:

(in thousands)
December 31, 2019
Gross goodwill	$	569,364
Accumulated impairment loss		(8,300	)
		561,064
Changes to gross goodwill
Changes resulting from foreign currency fluctuations		(1,765	)
		(1,765	)
March 31, 2020
Gross goodwill		567,599
Accumulated impairment loss		(8,300	)
	$	559,299

Total expense related to the amortization of intangible assets, which is recorded in both cost of revenue and operating expenses in the Unaudited Consolidated Statements of Operations depending on the functional nature of the intangible asset, was $13.5 million and $14.5 million for the three months ended March 31, 2020 and March 31, 2019, respectively.

Total future amortization expense related to intangible assets subject to amortization at March 31, 2020 is set forth in the table below:

(in thousands)
Remaining 2020	$	40,021
2021		51,235
2022		42,680
2023		18,809
2024		13,029
Thereafter through 2031		25,362
Total future amortization expense	$	191,136