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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill by Reportable Segment

The following table summarizes the changes in the carrying amount of goodwill by reportable segment (in thousands):

 

 

Gaming

Components

and

Systems

 

 

Gamer and

Creator

Peripherals

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2021

 

$

145,310

 

 

$

171,744

 

 

$

317,054

 

Addition from iDisplay Acquisition

 

 

3,485

 

 

 

28,485

 

 

 

31,970

 

Measurement period adjustments

 

 

235

 

 

 

782

 

 

 

1,017

 

Effect of foreign currency exchange rates

 

 

(157

)

 

 

(3,582

)

 

 

(3,739

)

Balance as of September 30, 2022

 

$

148,873

 

 

$

197,429

 

 

$

346,302

 

Summary of Intangible Assets, Net

The following table is a summary of intangible assets, net (in thousands):

 

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

53,986

 

 

$

21,821

 

 

$

32,165

 

 

$

32,086

 

 

$

14,922

 

 

$

17,164

 

Trade name

 

 

29,339

 

 

 

6,253

 

 

 

23,086

 

 

 

30,665

 

 

 

4,942

 

 

 

25,723

 

Customer relationships

 

 

218,527

 

 

 

111,405

 

 

 

107,122

 

 

 

218,566

 

 

 

94,910

 

 

 

123,656

 

Patent portfolio

 

 

31,042

 

 

 

9,884

 

 

 

21,158

 

 

 

31,481

 

 

 

8,196

 

 

 

23,285

 

Non-competition agreements

 

 

 

 

 

 

 

 

 

 

 

2,521

 

 

 

2,193

 

 

 

328

 

Supplier relationships

 

 

5,922

 

 

 

740

 

 

 

5,182

 

 

 

 

 

 

 

 

 

 

Total finite-life intangibles

 

 

338,816

 

 

 

150,103

 

 

 

188,713

 

 

 

315,319

 

 

 

125,163

 

 

 

190,156

 

Indefinite life trade name

 

 

35,430

 

 

 

 

 

 

35,430

 

 

 

35,430

 

 

 

 

 

 

35,430

 

Other

 

 

113

 

 

 

 

 

 

113

 

 

 

123

 

 

 

 

 

 

123

 

Total intangible assets

 

$

374,359

 

 

$

150,103

 

 

$

224,256

 

 

$

350,872

 

 

$

125,163

 

 

$

225,709

 

Schedule of Estimated Future Amortization Expense of Intangible Assets

The estimated future amortization expense of intangible assets as of September 30, 2022 is as follows (in thousands):

 

 

 

Amounts

 

 

 

 

 

 

Remainder of 2022

 

$

9,670

 

2023

 

 

37,561

 

2024

 

 

36,110

 

2025

 

 

35,814

 

2026

 

 

32,454

 

Thereafter

 

 

37,104

 

Total

 

$

188,713