v3.25.4
Acquisitions
 12 Months Ended
Dec. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Fiscal 2023
On December 1, 2023, we completed our acquisition of certain assets and an exclusive license to certain intellectual property ("IP") relating to Aura's timing business and clock products, and an assembled workforce. The acquisition date fair value of the purchase consideration was $259.2 million, which was comprised of the following:
Estimated Fair Value
(in thousands)
Fixed consideration$139,946 
Fair value of sales based earnout liability102,278 
Settlement of pre-existing arrangement16,974 
Total purchase consideration$259,198 
The purchase consideration allocation to the assets acquired based on their respective estimated fair values as of the date of acquisition is as follows:
Estimated Fair ValueEstimated Useful LifeFinancial Statement Line Item
(in thousands)(in years)
Developed Technology$96,700 
5 to 8 years
Intangible assets, net
In-process research and development69,500 N/AIntangible assets, net
Goodwill87,098 IndefiniteGoodwill
Assumed customer agreements5,900 4 yearsIntangible assets, net
Total assets acquired$259,198 
We did not record any measurement period adjustments for this acquisition.
Goodwill is primarily attributed to the assembled workforce and expected synergies from acquiring the underlying IP. Goodwill from this business combination is deductible for income tax purposes.