| 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, 2023 |
|
$ |
148,936 |
|
|
$ |
205,769 |
|
|
$ |
354,705 |
|
Addition from business acquisition |
|
|
— |
|
|
|
2,151 |
|
|
|
2,151 |
|
Measurement period adjustments |
|
|
— |
|
|
|
(28 |
) |
|
|
(28 |
) |
Effect of foreign currency exchange rates |
|
|
(6 |
) |
|
|
698 |
|
|
|
692 |
|
Balance as of September 30, 2024 |
|
$ |
148,930 |
|
|
$ |
208,590 |
|
|
$ |
357,520 |
|
|
| Summary of Intangible Assets, Net |
The following table is a summary of intangible assets, net (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
December 31, 2023 |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Developed technology |
$ |
51,015 |
|
|
$ |
27,287 |
|
|
$ |
23,728 |
|
|
$ |
47,221 |
|
|
$ |
21,206 |
|
|
$ |
26,015 |
|
Trade name |
|
45,960 |
|
|
|
10,976 |
|
|
|
34,984 |
|
|
|
34,114 |
|
|
|
9,060 |
|
|
|
25,054 |
|
Customer relationships |
|
218,464 |
|
|
|
155,288 |
|
|
|
63,176 |
|
|
|
218,453 |
|
|
|
138,800 |
|
|
|
79,653 |
|
Patent portfolio |
|
36,292 |
|
|
|
21,445 |
|
|
|
14,847 |
|
|
|
34,781 |
|
|
|
17,031 |
|
|
|
17,750 |
|
Supplier relationships |
|
5,940 |
|
|
|
2,722 |
|
|
|
3,218 |
|
|
|
6,136 |
|
|
|
2,045 |
|
|
|
4,091 |
|
Total finite-life intangibles |
|
357,671 |
|
|
|
217,718 |
|
|
|
139,953 |
|
|
|
340,705 |
|
|
|
188,142 |
|
|
|
152,563 |
|
Indefinite life trade name |
|
35,430 |
|
|
|
— |
|
|
|
35,430 |
|
|
|
35,430 |
|
|
|
— |
|
|
|
35,430 |
|
Other |
|
4 |
|
|
|
— |
|
|
|
4 |
|
|
|
16 |
|
|
|
— |
|
|
|
16 |
|
Total intangible assets |
$ |
393,105 |
|
|
$ |
217,718 |
|
|
$ |
175,387 |
|
|
$ |
376,151 |
|
|
$ |
188,142 |
|
|
$ |
188,009 |
|
|
| Schedule of Estimated Future Amortization Expense of Intangible Assets |
The estimated future amortization expense of intangible assets as of September 30, 2024 is as follows (in thousands):
|
|
|
|
|
|
|
Amounts |
|
|
|
|
|
Remainder of 2024 |
|
$ |
9,899 |
|
2025 |
|
|
39,283 |
|
2026 |
|
|
35,973 |
|
2027 |
|
|
26,188 |
|
2028 |
|
|
5,885 |
|
Thereafter |
|
|
22,725 |
|
Total |
|
$ |
139,953 |
|
|