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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
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

 

Schedule of Changes in The Carrying Value of Goodwill

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

 

Future Amortization Expense Related to Intangible Assets

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