XML 20 R11.htm IDEA: XBRL DOCUMENT v3.22.1
Acquisition, Goodwill and Acquisition-Related Intangible Assets
3 Months Ended
Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Acquisition, Goodwill and Acquisition-Related Intangible Assets Acquisition, Goodwill and Acquisition-Related Intangible Assets
Acquisition and Goodwill
    In January 2022, we completed an acquisition of a privately-held technology company in the United States for a total consideration of $47.0 million with both cash and common stock. The purchase price included $19.0 million of intangible assets, $28.5 million of goodwill and $0.5 million of net liabilities assumed.
    The changes in the carrying values of goodwill for the three months ended March 31, 2022 are as follows (in thousands):
Amount
Balance at December 31, 2021$188,397 
Additions related to one acquisition 28,518 
Balance at March 31, 2022$216,915 
Acquisition-Related Intangible Assets
    The following table presents details of our acquisition-related intangible assets as of March 31, 2022 and December 31, 2021 (in thousands, except for years):
March 31, 2022
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Useful Life
(In Years)
Developed technology$135,530 $(59,384)$76,146 4.7
Customer relationships32,920 (8,966)23,954 5.5
Trade name10,190 (5,046)5,144 3.4
Others5,720 (5,720)— 0.0
Total$184,360 $(79,116)$105,244 4.8
December 31, 2021
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted Average Remaining Useful Life
(In Years)
Developed technology$124,730 $(53,663)$71,067 4.5
Customer relationships25,920 (7,899)18,021 5.2
Trade name8,990 (4,693)4,297 3.8
Others5,720 (5,550)170 0.1
Total$165,360 $(71,805)$93,555 4.6
    For intangible assets acquired and purchased during the three months ended March 31, 2022, developed technology has a weighted-average useful life of 7.0 years, customer relationships has a weighted-average useful life of 7.0 years, and trade name has a weighted-average useful life of 3.0 years.
    Amortization expense related to acquisition-related intangible assets was $7.3 million, and $7.4 million for the three months ended March 31, 2022, and 2021, respectively.
    As of March 31, 2022, future estimated amortization expense related to the acquired-related intangible assets is as follows (in thousands):
Future Amortization Expense
Remainder of 2022$22,161 
202325,724 
202419,046 
202512,326 
202610,280 
Thereafter15,707 
Total $105,244