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Business Combinations (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule of business acquisitions, by acquisition

 

City Semi

 

TeraXion

 

OnDesign
Israel

Purchase price – cash consideration

 

$

138

 

 

$

74,050

 

 

$

6,107

 

Add: debt paid at closing

 

 

 

 

 

6,857

 

 

 

 

Less: cash acquired

 

 

 

 

 

(5,625

)

 

 

(1,133

)

Net cash paid

 

 

138

 

 

 

75,282

 

 

 

4,974

 

   

 

 

 

 

 

 

 

 

 

 

 

Total equity consideration

 

 

711

 

 

 

82,441

 

 

 

 

   

 

 

 

 

 

 

 

 

 

 

 

Purchase price – accrued cash consideration

 

 

 

 

 

 

 

 

7,500

 

Contingent consideration

 

 

1,180

 

 

 

 

 

 

4,000

 

Net consideration

 

$

2,029

 

 

$

157,723

 

 

$

16,474

 

   

 

 

 

 

 

 

 

 

 

 

 

Fair value of net assets and liabilities assumed:

 

 

 

 

 

 

 

 

 

 

 

 

Current assets other than cash

 

 

 

 

 

7,627

 

 

 

119

 

Property and equipment

 

 

 

 

 

6,009

 

 

 

1,315

 

Intangible assets – Software license

 

 

139

 

 

 

 

 

 

 

Developed technology

 

 

369

 

 

 

43,594

 

 

 

5,077

 

In-progress research & development

 

 

 

 

 

10,304

 

 

 

1,562

 

Customer relationships

 

 

 

 

 

12,682

 

 

 

 

Backlog

 

 

 

 

 

2,378

 

 

 

 

Trade name

 

 

 

 

 

6,125

 

 

 

 

Other non-current assets

 

 

 

 

 

 

 

 

66

 

Current liabilities

 

 

(177

)

 

 

(5,840

)

 

 

(754

)

Deferred revenue

 

 

(41

)

 

 

(1,025

)

 

 

 

Deferred tax liabilities, non-current

 

 

 

 

 

(20,272

)

 

 

(1,578

)

Other non-current liabilities

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

(7,580

)

 

 

 

Total fair value of net assets acquired

 

 

290

 

 

 

54,002

 

 

 

5,807

 

   

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,739

 

 

$

103,721

 

 

$

10,667

 

Schedule of pro forma financial information
 

Year ended
December 31,
2020

Combined revenue

 

$

23,388

 

Combined net loss before income taxes

 

 

(96,121

)

 

Year ended

   

December 31, 2021

 

December 31, 2020

Combined revenue

 

$

66,788

 

 

$

43,783

 

Combined net loss before income taxes

 

 

(126,350

)

 

 

(104,768

)