Goodwill and Identified Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes to Carrying Value of Goodwill

The changes to the carrying value of goodwill from January 1, 2022 through June 30, 2022 are reflected below (in thousands):

December 31, 2021	$	851,088
Goodwill adjustment related to Mergers in prior periods (1)		(988	)
June 30, 2022 (2)	$	850,100

(1)The change to the carrying value of goodwill from December 31, 2021 through June 30, 2022 was an immaterial measurement period adjustment.

(2)The Company's reporting units include the IP Licensing segment and the Product segment (defined further in “Note 16 - Segment and Geographic Information”). Of the carrying value of goodwill, approximately $322.3 million was allocated to the IP Licensing segment and approximately $527.8 million was allocated to the Product segment as of June 30, 2022.

Identified Intangible Assets

Identified intangible assets consisted of the following (in thousands):

	Average	June 30, 2022							December 31, 2021
	Life (Years)	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Finite-lived intangible assets
Acquired patents / core technology	3-10	$	673,032	$	(252,980	)	$	420,052	$	672,872	$	(224,508	)	$	448,364
Existing technology / content database	5-10		251,388		(216,411	)		34,977		251,445		(206,934	)		44,511
Customer contracts and related relationships	3-9		649,637		(398,462	)		251,175		649,926		(360,543	)		289,383
Trademarks/trade name	4-10		40,083		(28,333	)		11,750		40,083		(25,825	)		14,258
Non-competition agreements	1		2,231		(2,231	)		—		2,231		(2,231	)		—
Total finite-lived intangible assets			1,616,371		(898,417	)		717,954		1,616,557		(820,041	)		796,516
Indefinite-lived intangible assets
TiVo Tradename/trademarks	N/A		21,400		—			21,400		21,400		—			21,400
Total intangible assets		$	1,637,771	$	(898,417	)	$	739,354	$	1,637,957	$	(820,041	)	$	817,916

Estimated Future Amortization Expense

As of June 30, 2022, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):

2022 (remaining 6 months)	$	77,558
2023		145,092
2024		106,178
2025		81,673
2026		78,727
Thereafter		228,726
	$	717,954