v3.26.1
INTANGIBLE ASSETS AND GOODWILL
6 Months Ended
Jun. 30, 2026
INTANGIBLE ASSETS AND GOODWILL  
INTANGIBLE ASSETS AND GOODWILL

(4) INTANGIBLE ASSETS AND GOODWILL

The Company’s intangible assets at June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

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Weighted

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average

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amortization

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Net

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period

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Accumulated

  ​ ​ ​

carrying

June 30, 2026

  ​ ​ ​

(years)

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Cost

  ​ ​ ​

amortization

  ​ ​ ​

value

Developed technology

​

7.84

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$

340,380

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$

289,571

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$

50,809

Customer relationships

​

11.86

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​

268,140

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​

195,613

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​

72,527

Software licenses

 

3.00

 

​

6,855

 

​

5,807

 

​

1,048

Trade names

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3.88

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5,000

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​

5,000

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—

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$

620,375

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$

495,991

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$

124,384

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Weighted

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average

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amortization

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Net

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period

  ​ ​ ​

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Accumulated

  ​ ​ ​

carrying

December 31, 2025

  ​ ​ ​

(years)

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Cost

  ​ ​ ​

amortization

  ​ ​ ​

value

Developed technology

​

7.84

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$

340,380

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$

281,000

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$

59,380

Customer relationships

​

11.86

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​

268,140

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​

184,462

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​

83,678

Software licenses

 

3.00

 

​

5,748

 

​

5,462

 

​

286

Trade names

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3.88

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​

5,000

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​

5,000

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—

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$

619,268

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$

475,924

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$

143,344

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Estimated future amortization expense for the Company’s intangible assets at June 30, 2026 was as follows (in thousands):

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Years ending December 31, 

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Remainder of 2026

$

19,443

2027

​

34,347

2028

 

23,769

2029

 

18,380

2030

 

7,723

2031

​

5,927

Thereafter

​

14,795

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$

124,384

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There were no changes to the carrying value of the Company’s goodwill in the six months ended June 30, 2026. The components of goodwill at both June 30, 2026 and December 31, 2025 were as follows (in thousands):

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Cloud and

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IP Optical

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Edge

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Networks

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Total

Goodwill

$

392,302

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$

191,996

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$

584,298

Accumulated impairment losses

 

(167,406)

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(116,000)

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(283,406)

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$

224,896

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$

75,996

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$

300,892

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