Rambus (RMBS) 10-Q4 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page	9 Months Ended
Cover Page	Sep. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	000-22339
Entity Registrant Name	RAMBUS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3112828
Entity Address, Address Line One	4453 North First Street
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	408
Local Phone Number	462-8000
Title of 12(b) Security	Common Stock, $.001 Par Value
Trading Symbol	RMBS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	107,482,010
Entity Central Index Key	0000917273
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 141,559	$ 107,891
Marketable securities	123,289	377,718
Accounts receivable	38,547	44,065
Unbilled receivables	142,037	135,608
Inventories	14,161	8,482
Prepaids and other current assets	14,584	10,600
Total current assets	474,177	684,364
Intangible assets, net	54,856	58,420
Goodwill	292,038	278,810
Property, plant and equipment, net	78,563	56,035
Operating lease right-of-use assets	25,232	23,712
Deferred tax assets	2,803	4,047
Unbilled receivables	37,914	123,018
Other assets	3,473	4,240
Total assets	969,056	1,232,646
Current liabilities:
Accounts payable	20,405	11,279
Accrued salaries and benefits	16,654	20,945
Convertible notes	10,368	163,687
Deferred revenue	23,460	24,755
Income taxes payable	20,024	20,607
Operating lease liabilities	5,435	5,992
Other current liabilities	20,085	20,002
Total current liabilities	116,431	267,267
Long-term operating lease liabilities	30,093	29,099
Long-term income taxes payable	7,818	21,424
Deferred tax liabilities	25,746	23,985
Other long-term liabilities	39,084	28,475
Total liabilities	219,172	370,250
Commitments and contingencies (Notes 9, 11 and 15)
Stockholders’ equity:
Convertible preferred stock, $.001 par value: Authorized: 5,000,000 shares; Issued and outstanding: no shares at September 30, 2022 and December 31, 2021	0	0
Common stock, $.001 par value: Authorized: 500,000,000 shares; Issued and outstanding: 107,482,010 shares at September 30, 2022 and 109,292,235 shares at December 31, 2021	107	109
Additional paid-in capital	1,265,943	1,298,966
Accumulated deficit	(509,398)	(435,227)
Accumulated other comprehensive loss	(6,768)	(1,452)
Total stockholders’ equity	749,884	862,396
Total liabilities and stockholders’ equity	$ 969,056	$ 1,232,646

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Stockholders’ equity:
Convertible preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Convertible preferred stock, authorized shares	5,000,000	5,000,000
Convertible preferred stock, issued shares	0	0
Convertible preferred stock, outstanding shares	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized shares	500,000,000	500,000,000
Common stock, issued shares	107,482,010	109,292,235
Common stock, outstanding shares	107,482,010	109,292,235

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue
Revenue	$ 112,244	$ 81,282	$ 332,426	$ 236,523
Cost of revenue
Cost of product revenue	21,953	13,157	60,767	35,989
Cost of contract and other revenue	1,455	1,456	3,053	4,029
Amortization of acquired intangible assets	3,576	3,813	10,375	12,638
Cost of revenue	26,984	18,426	74,195	52,656
Gross profit	85,260	62,856	258,231	183,867
Operating expenses:
Research and development	39,295	35,592	118,648	99,415
Sales, general and administrative	26,198	22,210	79,409	67,956
Amortization of acquired intangible assets	433	359	1,259	817
Restructuring charges	0	0	0	368
Change in fair value of earn-out liability	2,411	0	(1,889)	0
Total operating expenses	68,337	58,161	197,427	168,556
Operating income	16,923	4,695	60,804	15,311
Interest income and other income (expense), net	2,838	2,726	6,936	8,088
Gain on fair value of equity security	3,547	0	3,547	0
Loss on extinguishment of debt	(17,129)	0	(83,626)	0
Loss on fair value adjustment of derivatives, net	(2,302)	0	(10,585)	0
Interest expense	(437)	(2,672)	(1,390)	(7,969)
Interest and other income (expense), net	(13,483)	54	(85,118)	119
Income (loss) before income taxes	3,440	4,749	(24,314)	15,430
Provision for income taxes	2,501	1,073	5,945	3,201
Net income (loss)	$ 939	$ 3,676	$ (30,259)	$ 12,229
Net income (loss) per share:
Basic net income (loss) per share	$ 0.01	$ 0.03	$ (0.27)	$ 0.11
Diluted net income (loss) per share	$ 0.01	$ 0.03	$ (0.27)	$ 0.11
Weighted-average shares used in per share calculation:
Basic (in shares)	109,968	108,989	110,102	111,103
Diluted (in shares)	111,962	113,661	110,102	114,954
Product revenue
Revenue
Revenue	$ 58,619	$ 36,710	$ 159,890	$ 98,661
Royalties
Revenue
Revenue	29,878	33,044	108,380	103,813
Contract and other revenue
Revenue
Revenue	$ 23,747	$ 11,528	$ 64,156	$ 34,049

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 939	$ 3,676	$ (30,259)	$ 12,229
Other comprehensive income (loss):
Foreign currency translation adjustment	(1,018)	(217)	(1,987)	(234)
Unrealized loss on marketable securities, net of tax	(12)	0	(3,329)	(85)
Total comprehensive income (loss)	$ (91)	$ 3,459	$ (35,575)	$ 11,910

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative effect, period of adoption, adjustment	Common stock	Additional paid-in capital	Additional paid-in capital Cumulative effect, period of adoption, adjustment	Accumulated deficit	Accumulated deficit Cumulative effect, period of adoption, adjustment	Accumulated other comprehensive gain (loss)
Balance (in shares) at Dec. 31, 2020			111,698
Balance at Dec. 31, 2020	$ 912,706		$ 112	$ 1,270,426		$ (357,751)		$ (81)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	12,229					12,229
Foreign currency translation adjustment	(234)							(234)
Unrealized loss on marketable securities, net of tax	(85)							(85)
Issuance of common stock upon exercise of options, equity stock and stock units, and employee stock purchase plan (in shares)			1,382
Issuance of common stock upon exercise of options, equity stock and employee stock purchase plan	(4,951)		$ 1	(4,952)
Issuance of common stock due to acquisition (in shares)			300
Issuance of common stock due to acquisition	6,978			6,978
Repurchase and retirement of common stock under repurchase program (in shares)			(4,015)
Repurchase and retirement of common stock under repurchase program	(100,081)		$ (4)	(22,862)		(77,215)
Stock-based compensation	21,281			21,281
Balance (in shares) at Sep. 30, 2021			109,365
Balance at Sep. 30, 2021	847,843		$ 109	1,270,871		(422,737)		(400)
Balance (in shares) at Jun. 30, 2021			108,897
Balance at Jun. 30, 2021	830,588		$ 109	1,257,075		(426,413)		(183)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	3,676					3,676
Foreign currency translation adjustment	(217)							(217)
Unrealized loss on marketable securities, net of tax	0
Issuance of common stock upon exercise of options, equity stock and stock units, and employee stock purchase plan (in shares)			168
Issuance of common stock upon exercise of options, equity stock and employee stock purchase plan	(651)		$ 0	(651)
Issuance of common stock due to acquisition (in shares)			300
Issuance of common stock due to acquisition	6,978			6,978
Repurchase and retirement of common stock under repurchase program (in shares)			0
Repurchase and retirement of common stock under repurchase program	(13)		$ 0	(13)		0
Stock-based compensation	7,482			7,482
Balance (in shares) at Sep. 30, 2021			109,365
Balance at Sep. 30, 2021	847,843		$ 109	1,270,871		(422,737)		(400)
Balance (in shares) at Dec. 31, 2021			109,292
Balance at Dec. 31, 2021	862,396		$ 109	1,298,966		(435,227)		(1,452)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(30,259)					(30,259)
Foreign currency translation adjustment	(1,987)							(1,987)
Unrealized loss on marketable securities, net of tax	(3,329)							(3,329)
Issuance of common stock upon exercise of options, equity stock and stock units, and employee stock purchase plan (in shares)			1,322
Issuance of common stock upon exercise of options, equity stock and employee stock purchase plan	(13,679)		$ 2	(13,681)
Repurchase and retirement of common stock under repurchase program (in shares)			(3,132)
Repurchase and retirement of common stock under repurchase program	(100,412)		$ (4)	(30,075)		(70,333)
Stock-based compensation	25,286			25,286
Retirement of convertible senior note hedges	78,415			78,415
Retirement of warrants	(58,423)			(58,423)
Balance (in shares) at Sep. 30, 2022			107,482
Balance at Sep. 30, 2022	749,884		$ 107	1,265,943		(509,398)		(6,768)
Balance (Accounting Standards Update 2020-06) at Sep. 30, 2022		$ (8,124)			$ (34,545)		$ 26,421
Balance (in shares) at Jun. 30, 2022			110,528
Balance at Jun. 30, 2022	838,158		$ 111	1,283,789		(440,004)		(5,738)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	939					939
Foreign currency translation adjustment	(1,018)							(1,018)
Unrealized loss on marketable securities, net of tax	(12)							(12)
Issuance of common stock upon exercise of options, equity stock and stock units, and employee stock purchase plan (in shares)			86
Issuance of common stock upon exercise of options, equity stock and employee stock purchase plan	(980)		$ 0	(980)
Repurchase and retirement of common stock under repurchase program (in shares)			(3,132)
Repurchase and retirement of common stock under repurchase program	(100,412)		$ (4)	(30,075)		(70,333)
Stock-based compensation	8,872			8,872
Retirement of convertible senior note hedges	16,404			16,404
Retirement of warrants	(12,067)			(12,067)
Balance (in shares) at Sep. 30, 2022			107,482
Balance at Sep. 30, 2022	$ 749,884		$ 107	$ 1,265,943		$ (509,398)		$ (6,768)
Balance (Accounting Standards Update 2020-06) at Sep. 30, 2022		$ (8,124)			$ (34,545)		$ 26,421

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ (30,259)	$ 12,229
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Stock-based compensation	25,286	21,281
Depreciation	23,107	19,623
Amortization of intangible assets	11,634	13,456
Non-cash interest expense and amortization of convertible debt issuance costs	197	5,702
Loss on extinguishment of debt	83,626	0
Loss on fair value adjustment of derivatives, net	10,585	0
Deferred income taxes	1,680	1,939
Gain on fair value of equity security	(3,547)	0
Loss on equity investment	862	717
Realized loss from sale of marketable securities	1,138	0
Change in fair value of earn-out liability	(1,889)	0
Gain on disposal of property, plant and equipment	(10)	(48)
Change in operating assets and liabilities, net of effects of acquisition:
Accounts receivable	6,689	(16,258)
Unbilled receivables	78,914	87,335
Prepaids and other current assets	1,186	5,910
Inventories	(5,679)	6,506
Accounts payable	8,682	1,007
Accrued salaries and benefits and other liabilities	(10,811)	(7,626)
Income taxes payable	(15,352)	(21,414)
Deferred revenue	(1,709)	9,670
Operating lease liabilities	(5,226)	(2,980)
Net cash provided by operating activities	179,104	137,049
Cash flows from investing activities:
Purchases of property, plant, and equipment	(12,650)	(7,527)
Acquisition of intangible assets	(3,000)	0
Purchases of marketable securities	(80,969)	(419,073)
Maturities of marketable securities	53,358	297,759
Proceeds from sales of marketable securities	276,687	227,045
Acquisition of business, net of cash acquired	(15,932)	(97,115)
Net cash provided by investing activities	217,494	1,089
Cash flows from financing activities:
Proceeds received from issuance of common stock under employee stock plans	3,775	5,002
Payments of taxes on restricted stock units	(17,454)	(9,953)
Payments under installment payment arrangements	(10,472)	(9,826)
Repurchase of convertible senior notes	(258,060)	0
Proceeds from retirement of convertible senior note hedges	91,729	0
Payments for retirement of warrants	(69,528)	0
Repurchase and retirement of common stock, including prepayment under accelerated share repurchase program	(100,412)	(100,081)
Net cash used in financing activities	(360,422)	(114,858)
Effect of exchange rate changes on cash and cash equivalents	(2,519)	(362)
Net increase in cash, cash equivalents and restricted cash	33,657	22,918
Cash, cash equivalents and restricted cash at beginning of period	108,264	129,324
Cash, cash equivalents and restricted cash at end of period	141,921	152,242
Non-cash investing and financing activities during the period:
Property, plant and equipment received and accrued in accounts payable and other liabilities	32,540	11,809
Operating lease right-of-use assets obtained in exchange for operating lease obligations	$ 5,663	$ 0
Common stock issued pursuant to acquisition	0	6,978

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash, cash equivalents and restricted cash
Restricted cash	$ 362	$ 373

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Rambus Inc. (“Rambus” or the “Company”) and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in the accompanying unaudited condensed consolidated financial statements. In the opinion of management, the unaudited condensed consolidated financial statements include all adjustments (consisting only of normal recurring items) necessary to state fairly the financial position and results of operations for each interim period presented. Interim results are not necessarily indicative of results for a full year. The unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) applicable to interim financial information. Certain information and Note disclosures included in the financial statements prepared in accordance with generally accepted accounting principles have been omitted in these interim statements pursuant to such SEC rules and regulations. The information included in this Form 10-Q should be read in conjunction with the consolidated financial statements and notes thereto in Form 10-K for the year ended December 31, 2021.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recent Accounting Pronouncements Adopted In August 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-06, “Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40) (“ASU 2020-06”).” The amendments in this ASU simplify the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts in an entity’s own equity. Among other changes, the guidance removes the liability and equity separation models for convertible instruments. Instead, entities will account for convertible debt instruments wholly as debt unless convertible instruments contain features that require bifurcation as a derivative or that result in substantial premiums accounted for as paid-in capital. The guidance also requires the application of the if-converted method to calculate the impact of convertible instruments on diluted earnings per share. The guidance is effective for fiscal years beginning after December 15, 2021. The Company adopted this guidance on January 1, 2022 on a modified retrospective basis. Upon adoption, the Company reversed approximately $35.2 million of debt discount related to the Company’s 1.375% Convertible Senior Notes due 2023 (the “2023 Notes”) from additional paid-in capital, reversed approximately $8.3 million representing the unamortized debt discount from liabilities, and recorded the net impact of $26.9 million to accumulated deficit. The Company also removed approximately $0.7 million of debt issuance costs related to the 2023 Notes from additional paid-in capital and recorded approximately $0.5 million to accumulated deficit related to the amortization of debt issuance costs that were historically allocated to equity. The Company expects reported interest expense for its convertible notes to decrease this year and in the future. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805)—Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The amendments in this ASU improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistencies related to recognition of an acquired contract liability, and to payment terms and their effect on subsequent revenue recognized by the acquirer. Among other changes, this ASU requires that an acquirer account for acquired revenue contracts in accordance with Topic 606 as if it had originated the contracts. If the acquirer is unable to assess or rely on how the acquiree applied Topic 606, the acquirer should consider the terms of the acquired contracts as of the contract inception or contract modification date in applying Topic 606 to determine what should be recorded at the acquisition date. The amendments also provide certain practical expedients for acquirers when recognizing and measuring acquired contract assets and contract liabilities from revenue contracts in a business combination. The guidance is effective for fiscal years beginning after December 15, 2022. The Company elected to early adopt this ASU on April 1, 2022. The adoption of this ASU did not have a material impact on the Company's condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Contract Balances The contract assets are primarily related to the Company’s fixed fee IP licensing arrangements and rights to consideration for performance obligations delivered but not billed as of September 30, 2022. The Company’s contract balances were as follows: As of (In thousands) September 30, 2022 December 31, 2021 Unbilled receivables $ 179,951 $ 258,626 Deferred revenue 25,066 26,198 During the nine months ended September 30, 2022, the Company recognized $21.7 million of revenue that was included in the contract balances as of December 31, 2021. During the nine months ended September 30, 2021, the Company recognized $9.7 million of revenue that was included in the contract balances as of December 31, 2020. Remaining Performance Obligations Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods. Contracted but unsatisfied performance obligations were approximately $29.6 million as of September 30, 2022, which the Company primarily expects to recognize over the next 2 years.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	9 Months Ended
Earnings (Loss) Per Share	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share is calculated by dividing the net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing the earnings by the weighted-average number of common shares and potentially dilutive securities outstanding during the period. Potentially dilutive common shares consist of incremental common shares issuable upon exercise of stock options, employee stock purchases, restricted stock and restricted stock units and shares issuable upon the conversion of convertible notes. The dilutive effect of outstanding shares is reflected in diluted earnings per share by application of the treasury stock method. This method includes consideration of the amounts to be paid by the employees and the amount of unrecognized stock-based compensation related to future services. No potential dilutive common shares are included in the computation of any diluted per share amount when a net loss is reported. The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Net income (loss) per share: Numerator: Net income (loss) $ 939 $ 3,676 $ (30,259) $ 12,229 Denominator: Weighted-average shares outstanding - basic 109,968 108,989 110,102 111,103 Effect of potential dilutive common shares 1,994 4,672 — 3,851 Weighted-average shares outstanding - diluted 111,962 113,661 110,102 114,954 Basic net income (loss) per share $ 0.01 $ 0.03 $ (0.27) $ 0.11 Diluted net income (loss) per share $ 0.01 $ 0.03 $ (0.27) $ 0.11 For the nine months ended September 30, 2022, an additional 2.4 million shares were excluded from the weighted-average dilutive shares because there was a net loss position for the period. During the three months ended September 30, 2022, the Company’s stock price exceeded the 2023 Notes’ conversion price of $18.93 per share, therefore approximately 0.1 million shares for the three months ended September 30, 2022 were included in the weighted-average dilutive shares. During the three and nine months ended September 30, 2021 , the Company’s stock price exceeded the 2023 Notes’ conversion price of $18.93 per share, therefore approximately 1.8 million and 1.0 million shares for the three and nine months ended September 30, 2021 , respectively, were included in the weighted-average dilutive shares. As a result of the Company’s adoption of ASU No. 2020-06 on January 1, 2022, the dilutive impact of the 2023 Notes on the calculation of diluted net income (loss) per share is considered using the if-converted method. Furthermore, because the principal amount of the 2023 Notes must be settled in cash, the dilutive impact of applying the if-converted method is limited to the in-the-money portion, if any, of the 2023 Notes. For periods prior to the Company’s January 1, 2022 adoption of ASU No. 2020-06, the Company applied the treasury stock method to account for the dilutive impact of the 2023 Notes for diluted net income (loss) per share purposes. As noted in ASU No. 2020-06, for convertible instruments where the principal is required to be paid in cash, the results of applying the if-converted method are consistent with the results of applying the historical treasury stock method. Therefore, even though the Company is required to apply the if-converted method upon adoption of ASU No. 2020-06, there is no impact to its earnings per share calculation. Under the if-converted method, the cumulative dilutive effect of the 2023 Notes would be approximately 0.5 million shares. Refer to Note 10, “Convertible Notes,” for additional information.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	9 Months Ended
Intangible Assets and Goodwill	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Goodwill The following tables present goodwill information for the nine months ended September 30, 2022: (In thousands) As of December 31, 2021 Addition to Goodwill (1) Adjustments to Goodwill (2) Effect of Exchange Rates (3) As of September 30, 2022 Total goodwill $ 278,810 $ 12,069 $ 1,013 $ 146 $ 292,038 _________________________________________ (1) In May 2022, the Company acquired Hardent, Inc. (“Hardent”), which resulted in the Company recognizing additional goodwill. Refer to Note 16, “Acquisition,” for additional information. (2) The adjustments to goodwill primarily include a correction of an immaterial error related to an understatement in other current liabilities that originated from the acquisition of AnalogX in 2021 and working capital adjustments from the acquisition of Hardent. (3) Effect of exchange rates relates to foreign currency translation adjustments for the period. As of September 30, 2022 (In thousands) Gross Carrying Amount Accumulated Impairment Losses Net Carrying Amount Total goodwill $ 313,808 $ (21,770) $ 292,038 Intangible Assets, Net The components of the Company’s intangible assets as of September 30, 2022 and December 31, 2021 were as follows: As of September 30, 2022 (In thousands) Useful Life Gross Carrying Amount (1) (2) Accumulated Amortization (1) (2) Net Carrying Amount Existing technology 3 to 10 years $ 299,925 $ (258,072) $ 41,853 Customer contracts and contractual relationships 0.5 to 10 years 37,996 (36,193) 1,803 Non-compete agreements and trademarks 3 years 300 (300) — In-process research and development (“IPR&D”) Not applicable 11,200 — 11,200 Total intangible assets $ 349,421 $ (294,565) $ 54,856 _________________________________________ (1) During the nine months ended September 30, 2022, the Company acquired certain intangible assets for $3.0 million in cash. The assets were classified as existing technology and are being amortized over their expected useful life of five years. During the nine months ended September 30, 2022, the amortization for the acquired assets was not material. (2) In May 2022, the Company acquired Hardent, which resulted in the Company recognizing additional intangible assets. Refer to Note 16, “Acquisition,” for additional information. As of December 31, 2021 (In thousands) Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Existing technology 3 to 10 years $ 292,058 $ (247,422) $ 44,636 Customer contracts and contractual relationships 0.5 to 10 years 37,793 (35,209) 2,584 Non-compete agreements and trademarks 3 years 300 (300) — IPR&D Not applicable 11,200 — 11,200 Total intangible assets $ 341,351 $ (282,931) $ 58,420 Amortization expense for intangible assets for the three and nine months ended September 30, 2022 was $4.0 million and $11.6 million, respectively. Amortization expense for intangible assets for the three and nine months ended September 30, 2021 was $4.2 million and $13.5 million, respectively. The estimated future amortization of intangible assets as of September 30, 2022 was as follows (in thousands): Years Ending December 31: Amount 2022 (remaining three months) $ 4,154 2023 15,134 2024 12,759 2025 6,718 2026 4,400 Thereafter 491 Total amortizable purchased intangible assets 43,656 IPR&D 11,200 Total intangible assets $ 54,856

Segment Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segments and Major Customers Operating segments are based upon the Company’s internal organization structure, the manner in which its operations are managed, the criteria used by its Chief Operating Decision Maker (“CODM”) to evaluate segment performance and availability of separate financial information regularly reviewed for resource allocation and performance assessment. The Company has determined its CODM to be the Chief Executive Officer (“CEO”). The CEO reviews financial information presented on a consolidated basis for purposes of managing the business, allocating resources, making operating decisions and assessing financial performance. On this basis, the Company is organized and operates as a single segment within the semiconductor space. As of September 30, 2022, the Company has a single operating and reportable segment. Accounts receivable from the Company’s major customers representing 10% or more of total accounts receivable at September 30, 2022 and December 31, 2021, respectively, was as follows: As of Customer September 30, 2022 December 31, 2021 Customer 1 20 % 17 % Customer 2 14 % * Customer 3 * 19 % _________________________________________ * Customer accounted for less than 10% of total accounts receivable in the period. Revenue from the Company’s major customers representing 10% or more of total revenue for the three and nine months ended September 30, 2022 and 2021, respectively, was as follows: Three Months Ended Nine Months Ended September 30, September 30, Customer 2022 2021 2022 2021 Customer A 20 % 23 % 21 % 21 % Customer B 20 % 15 % 16 % 10 % Customer C 12 % 11 % 13 % 11 % Revenue from customers in the geographic regions based on the location of contracting parties was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 USA $ 70,284 $ 55,337 $ 193,253 $ 147,029 Singapore 10,498 8,214 50,262 28,882 Asia-Other 16,430 8,436 43,954 20,720 Taiwan 8,142 4,170 23,601 22,031 Japan 3,765 3,095 11,191 11,509 South Korea 1,081 1,350 5,118 3,947 Europe 1,963 661 4,847 2,294 Canada 81 19 200 111 Total $ 112,244 $ 81,282 $ 332,426 $ 236,523

Marketable Securities

Marketable Securities	9 Months Ended
Marketable Securities	Sep. 30, 2022
Debt Securities, Available-for-Sale [Abstract]
Marketable Securities	Marketable Securities Rambus invests its excess cash and cash equivalents primarily in U.S. government-sponsored obligations, commercial paper, corporate notes and bonds, money market funds and municipal notes and bonds that mature within three years. All cash equivalents and marketable securities are classified as available-for-sale. Total cash, cash equivalents and marketable securities are summarized as follows: As of September 30, 2022 (In thousands, except percentages) Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Weighted Rate of Return Money market funds $ 16,159 $ 16,159 $ — $ — 1.94 % U.S. Government bonds and notes 66,680 68,954 — (2,274) 0.52 % Corporate notes, bonds and commercial paper 63,449 65,567 — (2,118) 0.75 % Total cash equivalents and marketable securities 146,288 150,680 — (4,392) Cash 118,560 118,560 — — Total cash, cash equivalents and marketable securities $ 264,848 $ 269,240 $ — $ (4,392) As of December 31, 2021 (In thousands, except percentages) Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Weighted Rate of Return Money market funds $ 7,402 $ 7,402 $ — $ — 0.02 % U.S. Government bonds and notes 102,812 103,113 — (301) 0.29 % Corporate notes, bonds and commercial paper 287,905 288,667 8 (770) 0.22 % Total cash equivalents and marketable securities 398,119 399,182 8 (1,071) Cash 87,490 87,490 — — Total cash, cash equivalents and marketable securities $ 485,609 $ 486,672 $ 8 $ (1,071) Available-for-sale securities are reported at fair value on the balance sheets and classified along with cash as follows: As of (In thousands) September 30, 2022 December 31, 2021 Cash equivalents $ 22,999 $ 20,401 Short-term marketable securities 123,289 377,718 Total cash equivalents and marketable securities 146,288 398,119 Cash 118,560 87,490 Total cash, cash equivalents and marketable securities $ 264,848 $ 485,609 The Company continues to invest in highly rated and highly liquid debt securities. The Company holds all of its marketable securities as available-for-sale, marks them to market, and regularly reviews its portfolio to ensure adherence to its investment policy and to monitor individual investments for risk analysis, proper valuation, and unrealized losses that may be other than temporary. The estimated fair value and gross unrealized losses of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position at September 30, 2022 and December 31, 2021 are as follows: Fair Value Gross Unrealized Losses (In thousands) September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Less than 12 months U.S. Government bonds and notes $ 54,924 $ 82,822 $ (1,570) $ (301) Corporate notes, bonds and commercial paper 31,012 255,783 (786) (770) Total cash equivalents and marketable securities in a continuous unrealized loss position for less than 12 months 85,936 338,605 (2,356) (1,071) 12 months or greater U.S. Government bonds and notes 11,756 — (704) — Corporate notes, bonds and commercial paper 32,437 — (1,332) — Total cash equivalents and marketable securities in a continuous unrealized loss position for 12 months or greater 44,193 — (2,036) — Total cash equivalents and marketable securities in a continuous unrealized loss position $ 130,129 $ 338,605 $ (4,392) $ (1,071) The gross unrealized losses at September 30, 2022 and December 31, 2021 were not material in relation to the Company’s total available-for-sale portfolio. The gross unrealized losses can be primarily attributed to a combination of market conditions as well as the demand for and duration of the U.S. government-sponsored obligations and corporate notes and bonds. The Company reasonably believes that there is no need to sell these investments and that it can recover the amortized cost of these investments. The Company has found no evidence of impairment due to credit losses in its portfolio. Therefore, these unrealized losses were recorded in other comprehensive income (loss). However, the Company cannot provide any assurance that its portfolio of cash, cash equivalents and marketable securities will not be impacted by adverse conditions in the financial markets, which may require the Company in the future to record an impairment charge for credit losses which could adversely impact its financial results. The contractual maturities of cash equivalents (excluding money market funds which have no maturity) and marketable securities are summarized as follows: (In thousands) September 30, 2022 Due less than one year $ 84,954 Due from one year through three years 45,175 Total $ 130,129 Refer to Note 8, “Fair Value of Financial Instruments,” for discussion regarding the fair value of the Company’s cash equivalents and marketable securities.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following table presents the financial instruments that are carried at fair value and summarizes the valuation of its cash equivalents and marketable securities by the below pricing levels as of September 30, 2022 and December 31, 2021: As of September 30, 2022 (In thousands) Total Quoted Market Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds $ 16,159 $ 16,159 $ — $ — U.S. Government bonds and notes 66,680 — 66,680 — Corporate notes, bonds and commercial paper 63,449 — 63,449 — Total available-for-sale securities $ 146,288 $ 16,159 $ 130,129 $ — As of December 31, 2021 (In thousands) Total Quoted Market Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds $ 7,402 $ 7,402 $ — $ — U.S. Government bonds and notes 102,812 — 102,812 — Corporate notes, bonds and commercial paper 287,905 — 287,905 — Total available-for-sale securities $ 398,119 $ 7,402 $ 390,717 $ — The Company monitors its investments for other-than-temporary impairment and records appropriate reductions in carrying value when necessary. The Company monitors its investments for other-than-temporary losses by considering current factors, including the economic environment, market conditions, operational performance and other specific factors relating to the business underlying the investment, reductions in carrying values when necessary and the Company’s ability and intent to hold the investment for a period of time which may be sufficient for anticipated recovery in the market. Any other-than-temporary loss is reported under “Interest and other income (expense), net” on the unaudited condensed consolidated statement of operations. During the second half of 2018, the Company made an investment in a non-marketable equity security of a private company. This equity investment is accounted for under the equity method of accounting, and the Company accounts for its equity method share of the income (loss) on a quarterly basis. As of September 30, 2022 and December 31, 2021, the carrying value of the Company’s 25.0% ownership percentage was $0.9 million and $1.8 million, respectively, which were included in other assets on the accompanying unaudited condensed consolidated balance sheets. The Company recorded immaterial amounts on its condensed consolidated statements of operations representing its share of the investee’s loss for the nine months ended September 30, 2022 and 2021. During the third quarter of 2022, the Company recorded a gain on fair value of approximately $3.5 million related to the sale of an equity security with an immaterial carrying value on its condensed consolidated statement of operations. The Company has a liability related to the contingent earn-out consideration from the PLDA acquisition, which is classified within Level 3 of the fair value hierarchy because the fair value is determined using significant unobservable inputs. During the three and nine months ended September 30, 2022, the changes in this liability were related to fair value measurements resulting in an increase of approximately $2.4 million and a decrease of $1.9 million, respectively. No fair value measurements were recognized during the three and nine months ended September 30, 2021. During the three and nine months ended September 30, 2022 and 2021, there were no transfers of financial instruments between different categories of fair value. The following table presents the financial instruments that are not carried at fair value but require fair value disclosure as of September 30, 2022 and December 31, 2021: As of September 30, 2022 As of December 31, 2021 (In thousands) Face Value Carrying Value Fair Value Face Value Carrying Value Fair Value 1.375% Convertible Senior Notes due 2023 (the “2023 Notes”) $ 10,381 $ 10,368 $ 14,048 $ 172,500 $ 163,687 $ 254,103 The fair value of the convertible notes at each balance sheet date is determined based on recent quoted market prices for these notes which is a level 2 measurement. As discussed in Note 10, “Convertible Notes,” as of September 30, 2022, the convertible notes were carried at their face value of $10.4 million, less any unamortized debt issuance costs. The carrying value of other financial instruments, including accounts receivable, accounts payable and other liabilities, approximated fair value due to their short maturities.

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2022
Leases [Abstract]
Leases	Leases The Company leases office space, domestically and internationally, under operating leases. The Company’s leases have remaining lease terms generally between one year and eight years. Operating leases are included in operating lease right-of-use (“ROU”) assets, operating lease liabilities and long-term operating lease liabilities on the Company’s unaudited condensed consolidated balance sheets. The Company does not have any finance leases. The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded on the unaudited condensed consolidated balance sheet as of September 30, 2022 (in thousands): Years ending December 31, Amount 2022 (remaining three months) $ 2,038 2023 6,421 2024 5,284 2025 5,358 2026 5,587 Thereafter 17,727 Total minimum lease payments 42,415 Less: amount of lease payments representing interest (6,887) Present value of future minimum lease payments 35,528 Less: current obligations under leases (5,435) Long-term lease obligations $ 30,093 As of September 30, 2022, the weighted-average remaining lease term for the Company’s operating leases was 7.2 years and the weighted-average discount rate used to determine the present value of the Company’s operating leases was 5.3%. Operating lease costs included in research and development and selling, general and administrative costs on the unaudited condensed consolidated statements of operations were $1.9 million for both the three months ended September 30, 2022 and 2021. Operating lease costs included in research and development and selling, general and administrative costs on the unaudited condensed consolidated statements of operations were $5.6 million for both the nine months ended September 30, 2022 and 2021, respectively. Cash paid for amounts included in the measurement of operating lease liabilities were $6.7 million and $6.4 million for the nine months ended September 30, 2022 and 2021, respectively.

Convertible Notes

Convertible Notes	9 Months Ended
Convertible Notes	Sep. 30, 2022
Debt Disclosure [Abstract]
Convertible Notes	Convertible Notes 1.375% Convertible Senior Notes due 2023. On March 2, 2022, the Company entered into individual, privately negotiated transactions with certain holders of its outstanding 2023 Notes, pursuant to which the Company paid an aggregate of approximately $199.1 million in cash for the repurchase of approximately $123.1 million aggregate principal amount of its 2023 Notes (“Q1 2022 Partial Notes Repurchase”). The cash consideration was based on a volume-weighted average price of $29.6789 for the 19-trading day measurement period ending March 29, 2022. Of the $123.1 million aggregate principal amount, approximately $107.9 million was settled on March 31, 2022 for $174.5 million in cash. The remaining $15.2 million aggregate principal amount was settled on April 1, 2022 for $24.6 million in cash. In addition, this transaction resulted in a loss on extinguishment of debt of $66.5 million and a loss on fair value adjustment of derivatives, net of $8.3 million. On August 11, 2022, the Company entered into individual, privately negotiated transactions with certain holders of its outstanding 2023 Notes, pursuant to which the Company paid an aggregate of approximately $58.9 million in cash for the repurchase of approximately $39.0 million aggregate principal amount of its 2023 Notes (“Q3 2022 Partial Notes Repurchase”). The cash consideration was based on a volume-weighted average price of $27.8456 for the 10-trading day measurement period ending August 25, 2022. In addition, this transaction resulted in a loss on extinguishment of debt of $17.1 million and a loss on fair value adjustment of derivatives, net of $2.3 million. Upon entering into the Q1 2022 and Q3 2022 Partial Notes Repurchase agreements, the conversion feature related to the 2023 Notes repurchased, as well as the settlements of the convertible senior note hedges and warrants, were subject to derivative accounting. This resulted in $2.3 million and $10.6 million in losses on fair value adjustment of derivatives, net, for the three and nine months ended September 30, 2022, respectively. During the nine months ended September 30, 2022, no holders elected to convert their 2023 Notes which had met the trigger for early conversion as of December 31, 2021 and March 31, 2022, respectively. The early conversion had been met as of December 31, 2021, March 31, 2022 and September 30, 2022, as the last reported sale price of the Company’s common stock exceeded 130% of the conversion price of the 2023 Notes for more than 20 trading days during the 30 consecutive trading days ended December 31, 2021, March 31, 2022 and September 30, 2022, respectively. The Company’s convertible notes are shown in the following table: As of (In thousands) September 30, 2022 December 31, 2021 2023 Notes $ 10,381 $ 172,500 Unamortized discount — 2023 Notes (1) — (8,266) Unamortized debt issuance costs — 2023 Notes (13) (547) Total convertible notes 10,368 163,687 Less current portion 10,368 163,687 Total long-term convertible notes $ — $ — _________________________________________ (1) On January 1, 2022, the Company adopted ASU No. 2020-06. Refer to Note 2, “Recent Accounting Pronouncements,” for additional information. Interest expense related to the convertible notes for the three and nine months ended September 30, 2022 and 2021 was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 2023 Notes coupon interest at a rate of 1.375% $ 90 $ 593 $ 575 $ 1,779 2023 Notes amortization of discount and debt issuance cost 33 1,927 184 5,702 Total interest expense on convertible notes $ 123 $ 2,520 $ 759 $ 7,481 Note Hedges and Warrants. In connection with the Q1 2022 Partial Notes Repurchase, the Company entered into agreements with certain financial institutions to retire the corresponding portions of convertible senior note hedges and warrants the Company had previously entered into with the counterparties in connection with the issuance of the 2023 Notes. Upon settlement, the Company received $72.4 million in cash for the retirement of the proportionate amount of convertible senior note hedges and paid $55.1 million in cash for the retirement of the proportionate amount of warrants during the three months ended March 31, 2022. In connection with the Q3 2022 Partial Notes Repurchase, the Company entered into agreements with certain financial institutions to retire the corresponding portions of convertible senior note hedges and warrants the Company had previously entered into with the counterparties in connection with the issuance of the 2023 Notes. Upon settlement, the Company received $19.3 million in cash for the retirement of the proportionate amount of convertible senior note hedges and paid $14.4 million in cash for the retirement of the proportionate amount of warrants during the three months ended September 30, 2022.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As of September 30, 2022, the Company’s material contractual obligations were as follows: (In thousands) Total Remainder of 2022 2023 2024 2025 2026 Contractual obligations (1) (2) (3) Software licenses (4) $ 36,546 $ 4,271 $ 14,166 $ 12,421 $ 5,688 $ — Acquisition retention bonuses (5) 5,342 — 2,500 2,500 342 — Convertible notes (6) 10,381 — 10,381 — — — Interest payments related to convertible notes 71 — 71 — — — Total $ 52,340 $ 4,271 $ 27,118 $ 14,921 $ 6,030 $ — _________________________________________ (1) The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.6 million, including $19.7 million recorded as a reduction of long-term deferred tax assets and $1.9 million in long-term income taxes payable as of September 30, 2022. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time. (2) For the Company’s lease commitments as of September 30, 2022, refer to Note 9, “Leases.” (3) The Company’s other contractual obligations as of September 30, 2022 were not material. (4) The Company has commitments with various software vendors for agreements generally having terms longer than one year. During the second quarter of 2022, the Company renewed a software license agreement for engineering development tools, which is included in the table above. As of September 30, 2022, approximately $9.1 million of the fair value of this software license was included in other current liabilities and $17.2 million was included in other long-term liabilities, in the accompanying unaudited condensed consolidated balance sheet. (5) In connection with the acquisition of Northwest Logic in the third quarter of 2019, the Secure Silicon IP and Protocols business in the fourth quarter of 2019, the acquisitions of AnalogX and PLDA in the third quarter of 2021, and the acquisition of Hardent in the second quarter of 2022, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions, including the condition of employment. (6) During the nine months ended September 30, 2022, the Company repurchased $162.1 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.” Indemnifications From time to time, the Company indemnifies certain customers as a necessary means of doing business. Indemnification covers customers for losses suffered or incurred by them as a result of any patent, copyright, or other intellectual property infringement or any other claim by any third party arising as result of the applicable agreement with the Company. The Company generally attempts to limit the maximum amount of indemnification that the Company could be required to make under these agreements to the amount of fees received by the Company, however, this may not always be possible. The fair value of the liability as of September 30, 2022 and December 31, 2021, respectively, was not material.

Equity Incentive Plans and Stoc

Equity Incentive Plans and Stock-Based Compensation	9 Months Ended
Equity Incentive Plans and Stock-Based Compensation	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans and Stock-Based Compensation	Equity Incentive Plans and Stock-Based Compensation A summary of shares available for grant under the Company’s plans is as follows: Shares Available for Grant Total shares available for grant as of December 31, 2021 10,492,178 Nonvested equity stock and stock units granted (1) (2) (3,939,753) Nonvested equity stock and stock units forfeited (1) 1,170,793 Total shares available for grant as of September 30, 2022 7,723,218 _________________________________________ (1) For purposes of determining the number of shares available for grant under the 2015 Equity Incentive Plan (the “2015 Plan”) against the maximum number of shares authorized, each restricted stock granted reduces the number of shares available for grant by 1.5 shares and each restricted stock forfeited increases shares available for grant by 1.5 shares. (2) Amount includes approximately 0.6 million shares that have been reserved for potential future issuance related to certain performance unit awards granted in the first and third quarters of 2022 and discussed under the section titled “Nonvested Equity Stock and Stock Units” below. General Stock Option Information The following table summarizes stock option activity under the Company’s equity incentive plans for the nine months ended September 30, 2022 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of September 30, 2022. Options Outstanding (In thousands, except per share amounts and years) Number of Shares Weighted- Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of December 31, 2021 549,581 $ 10.71 Options exercised (83,100) $ 6.59 Outstanding as of September 30, 2022 466,481 $ 11.45 3.98 $ 6,518 Vested or expected to vest at September 30, 2022 466,405 $ 11.45 3.98 $ 6,517 Options exercisable at September 30, 2022 444,814 $ 11.36 3.83 $ 6,255 Employee Stock Purchase Plan Under the 2015 Employee Stock Purchase Plan (“2015 ESPP”), the Company issued 161,254 shares at a price of $19.97 per share and 263,933 shares at a price of $11.58 per share during the nine months ended September 30, 2022 and 2021 , respectively. As of September 30, 2022, approximately 2.7 million shares under the 2015 ESPP remained available for issuance. Stock-Based Compensation For the nine months ended September 30, 2022 and 2021, the Company maintained stock plans covering a broad range of potential equity grants including stock options, nonvested equity stock and equity stock units and performance-based instruments. In addition, the Company sponsors the 2015 ESPP, whereby eligible employees are entitled to purchase common stock semi-annually, by means of limited payroll deductions, at a 15% discount from the fair market value of the common stock as of specific dates. Stock Options There were no stock options granted during the three and nine months ended September 30, 2022 and 2021, respectively. Stock-based compensation expense related to stock options was immaterial for both the three and nine months ended September 30, 2022. During the three and nine months ended September 30, 2021, the Company recorded stock-based compensation expense related to stock options of $0.1 million and $0.2 million, respectively. As of September 30, 2022, there was $0.2 million of total unrecognized compensation cost, net of expected forfeitures, related to non-vested stock-based compensation arrangements granted under the stock option plans. That cost is expected to be recognized over a weighted-average period of one year. Employee Stock Purchase Plan For the three and nine months ended September 30, 2022, the Company recorded stock-based compensation expense related to the 2015 ESPP of $0.4 million and $1.2 million, respectively. For the three and nine months ended September 30, 2021, the Company recorded stock-based compensation expense related to the 2015 ESPP of $0.3 million and $1.1 million, respectively. As of September 30, 2022, there was $0.1 million of total unrecognized compensation cost related to stock-based compensation arrangements granted under the 2015 ESPP. That cost is expected to be recognized over one month. Nonvested Equity Stock and Stock Units The Company grants nonvested equity stock units to officers, employees and directors. During the three and nine months ended September 30, 2022, the Company granted nonvested equity stock units totaling approximately 0.5 million and 2.2 million shares, respectively. During the three and nine months ended September 30, 2021, the Company granted nonvested equity stock units totaling approximately 0.2 million and 2.2 million shares, respectively. These awards have a service condition, generally a service period of four years, except in the case of grants to directors, for which the service period is one year. For the three and nine months ended September 30, 2022, the nonvested equity stock units were valued at the date of grant giving them a fair value of approximately $12.8 million and $61.8 million, respectively. For the three and nine months ended September 30, 2021, the nonvested equity stock units were valued at the date of grant giving them a fair value of approximately $5.5 million and $46.9 million, respectively. During the first and third quarters of 2022 and the first quarter of 2021, the Company granted performance unit awards to certain Company executive officers with vesting subject to the achievement of certain performance and/or market conditions. The ultimate number of performance units that can be earned can range from 0% to 200% of target depending on performance relative to target over the applicable period. The shares earned will vest on the third or fourth anniversary of the date of grant. Th e Company’s shares available for grant have been reduced to reflect the shares that could be earned at the maximum target. For the three and nine months ended September 30, 2022, the Company recorded stock-based compensation expense of approximately $8.5 million and $24.0 million respectively, related to all outstanding nonvested equity stock grants. For the three and nine months ended September 30, 2021, the Company recorded stock-based compensation expense of approximately $7.1 million and $20.0 million, respectively, related to all outstanding nonvested equity stock grants. Unrecognized stock-based compensation related to all nonvested equity stock grants, net of estimated forfeitures, was approximately $69.4 million at September 30, 2022. This amount is expected to be recognized over a weighted-average period of 2.3 years. The following table reflects the activity related to nonvested equity stock and stock units for the nine months ended September 30, 2022: Nonvested Equity Stock and Stock Units Shares Weighted- Average Grant-Date Fair Value Nonvested at December 31, 2021 4,718,385 $ 16.62 Granted 2,226,335 $ 27.80 Vested (1,760,978) $ 14.33 Forfeited (418,366) $ 20.34 Nonvested at September 30, 2022 4,765,376 $ 22.37

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchase Programs On October 29, 2020, the Company’s board of directors (the “Board”) approved a new share repurchase program authorizing the repurchase of up to an aggregate of 20.0 million shares (the “2020 Repurchase Program”). Share repurchases under the 2020 Repurchase Program may be made through the open market, established plans or privately negotiated transactions in accordance with all applicable securities laws, rules and regulations. There is no expiration date applicable to the 2020 Repurchase Program. During the nine months ended September 30, 2022, the Company repurchased shares of its common stock under the 2020 Repurchase Program as discussed below. On November 11, 2020, the Company entered into an accelerated share repurchase program with Deutsche Bank AG, London Branch as counterparty, through its agent Deutsche Bank Securities Inc. (“Deutsche Bank”) (the “2020 ASR Program”). The 2020 ASR Program was part of the share repurchase program previously authorized by the Company’s Board on October 29, 2020. Under the 2020 ASR Program, the Company pre-paid to Deutsche Bank the $50.0 million purchase price for its common stock and, in turn, the Company received an initial delivery of approximately 2.6 million shares of its common stock from Deutsche Bank in the fourth quarter of 2020, which were retired and recorded as a $40.0 million reduction to stockholders’ equity. The remaining $10.0 million of the initial payment was recorded as a reduction to stockholders’ equity as an unsettled forward contract indexed to the Company’s stock. During the second quarter of 2021, the accelerated share repurchase program was completed and the Company received an additional 0.1 million shares of its common stock, which were retired, as the final settlement of the accelerated share repurchase program. On June 15, 2021, the Company entered into an accelerated share repurchase program with Deutsche Bank (the “2021 ASR Program”). The 2021 ASR Program was part of the share repurchase program previously authorized by the Board on October 29, 2020. Under the 2021 ASR Program, the Company pre-paid to Deutsche Bank the $100.0 million purchase price for its common stock and, in turn, the Company received an initial delivery of approximately 3.9 million shares of its common stock from Deutsche Bank in the second quarter of 2021, which were retired and recorded as a $80.0 million reduction to stockholders’ equity. The remaining $20.0 million of the initial payment was recorded as a reduction to stockholders’ equity as an unsettled forward contract indexed to the Company’s stock. During the fourth quarter of 2021, the accelerated share repurchase program was completed and the Company received an additional 0.4 million shares of its common stock, which were retired, as the final settlement of the accelerated share repurchase program. On September 9, 2022, the Company entered into an accelerated share repurchase program with Wells Fargo Bank, National Association (“Wells Fargo”) (the “2022 ASR Program”). The 2022 ASR Program was part of the share repurchase program previously authorized by the Board on October 29, 2020. Under the 2022 ASR Program, the Company pre-paid to Wells Fargo the $100.0 million purchase price for its common stock and, in turn, the Company received an initial delivery of approximately 3.1 million shares of its common stock from Wells Fargo in the third quarter of 2022, which were retired and recorded as a $80.0 million reduction to stockholders’ equity. The remaining $20.0 million of the initial payment was recorded as a reduction to stockholders’ equity as an unsettled forward contract indexed to the Company’s stock. The number of shares to be ultimately purchased by the Company will be determined based on the volume-weighted-average price of the common stock during the terms of the transaction, minus an agreed upon discount between the parties. The 2022 ASR Program is expected to be completed during the fourth quarter of 2022. As of September 30, 2022, there remained an outstanding authorization to repurchase approximately 9.8 million shares of the Company’s outstanding common stock under the 2020 Repurchase Program. The Company records share repurchases as a reduction to stockholders’ equity. The Company records a portion of the purchase price of the repurchased shares as an increase to accumulated deficit when the price of the shares repurchased exceeds the average original proceeds per share received from the issuance of common stock in accordance with its accounting policy.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded a provision for income taxes of $2.5 million and $1.1 million for the three months ended September 30, 2022 and 2021, respectively, and $5.9 million and $3.2 million for the nine months ended September 30, 2022 and 2021, respectively. The provision for income taxes for the three and nine months ended September 30, 2022 was driven by a combination of the valuation allowance recorded on U.S. deferred tax assets, foreign withholding taxes, the statutory tax expense for the foreign jurisdictions for 2022 and indefinite-lived intangible tax amortization expense. The provision for income taxes for the three and nine months ended September 30, 2021 was driven by a combination of the valuation allowance recorded on U.S. deferred tax assets, foreign withholding taxes, the statutory tax expense for the foreign jurisdictions for 2021, tax on Canadian capital gains related to the acquisition of AnalogX, and indefinite-lived intangible tax amortization expense. During the three months ended September 30, 2022 and 2021, the Company paid withholding taxes of $5.5 million and $5.0 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company paid withholding taxes of $15.8 million and $15.4 million, respectively. The Company periodically evaluates the realizability of its net deferred tax assets based on all available evidence, both positive and negative. The Company continues to maintain a full valuation allowance on its U.S. federal and California deferred tax assets as it does not expect to be able to fully utilize them. The Company has U.S. federal deferred tax assets related to research and development credits, foreign tax credits and other tax attributes that can be used to offset U.S. federal taxable income in future periods. These credit carryforwards will expire if they are not used within certain time periods. It is possible that some or all of these attributes could ultimately expire unused. The Company maintains liabilities for uncertain tax positions within its long-term income taxes payable accounts and as a reduction to existing deferred tax assets to the extent tax attributes are available to offset such liabilities. These liabilities involve judgment and estimation and are monitored by management based on the best information available including changes in tax regulations, the outcome of relevant court cases and other information. As of September 30, 2022, the Company had approximately $161.0 million of unrecognized tax benefits, including $19.7 million recorded as a reduction of long-term deferred tax assets, $139.4 million recorded as a reduction of other assets associated with refundable withholding taxes previously withheld from licensees in South Korea and $1.9 million recorded in long-term income taxes payable. If recognized, $1.9 million would be recorded as an income tax benefit. As a result of recent court rulings in South Korea, the Company has determined that they may be entitled to refund claims for foreign taxes previously withheld from licensees in South Korea. The Company recognizes that there are numerous risks and uncertainties associated with the ultimate collection of this refund and has therefore maintained an offsetting reserve for the entire amount of refundable withholding taxes previously withheld in South Korea. As of December 31, 2021, the Company had $146.2 million of unrecognized tax benefits, including $18.9 million recorded as a reduction of long-term deferred tax assets, $126.1 million recorded as a reduction of other assets associated with refundable withholding taxes previously withheld from licensees in South Korea and $1.3 million recorded in long-term income taxes payable. Although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time. Additionally, the Company’s future effective tax rates could be adversely affected by earnings being higher than anticipated in countries where the Company has higher statutory rates or lower than anticipated in countries where it has lower statutory rates, by changes in valuation of its deferred tax assets and liabilities or by changes in tax laws or interpretations of those laws.

Litigation and Asserted Claims

Litigation and Asserted Claims	9 Months Ended
Litigation and Asserted Claims	Sep. 30, 2022
Disclosure Text Block Supplement [Abstract]
Litigation and Asserted Claims	Litigation and Asserted Claims Rambus is not currently a party to any material pending legal proceeding; however, from time to time, Rambus may become involved in legal proceedings or be subject to claims arising in the ordinary course of its business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of these ordinary course matters will not have a material adverse effect on our business, operating results, financial position or cash flows. Regardless of the outcome, litigation can have an adverse impact on the Company because of defense and settlement costs, diversion of management attention and resources and other factors. The Company records a contingent liability when it is probable that a loss has been incurred and the amount is reasonably estimable in accordance with accounting for contingencies.

Acquisition

Acquisition	9 Months Ended
Acquisition	Sep. 30, 2022
Business Combinations [Abstract]
Acquisitions	Acquisition Hardent, Inc. On May 20, 2022, (the “Closing Date”), the Company completed its acquisition of Hardent, a leading electronic design company, by acquiring all of its outstanding shares. The Company acquired Hardent for a total consideration of approximately $16.1 million, which consisted of $14.7 million in initial cash consideration paid at the Closing Date, $1.2 million was deposited into an escrow account to fund indemnification obligations to be released within 18 months after the Closing Date, and $0.2 million was deposited into an escrow account to fund other contractual provisions related to certain working capital adjustments. The addition of the technology and expertise from Hardent augments the Company’s CXL memory interconnect initiative. As part of the acquisition, the Company agreed to pay certain Hardent employees approximately $1.2 million in cash over three years following the Closing Date (the “Retention Bonus”), to be paid in three equal installments on each of the dates that are 12 months, 24 months and 36 months following the Closing Date. The Retention Bonus payouts are subject to the condition of continued employment. Therefore, the Retention Bonus payouts will be treated as compensation and will be expensed ratably over the retention period. As of September 30, 2022, the Company had incurred approximately $1.2 million in external acquisition costs in connection with the transaction, which were expensed as incurred. The purchase price allocation and related accounting for this acquisition is preliminary. The preliminary fair value estimates for the assets acquired and liabilities assumed were based upon preliminary calculations and valuations and the Company’s estimates and assumptions for the acquisition are subject to change if the Company obtains additional information during the measurement period. The fair value of the intangible assets acquired was determined by management primarily by using the multi-period excess earnings method under the income approach. This method reflects the present value of the projected cash flows that are expected to be generated by the existing technologies less charges representing the contribution of other assets to those cash flows. The fair values of the remaining assets acquired and liabilities assumed approximated their carrying values at the Closing Date. The Company performed a valuation of the net assets acquired as of the Closing Date. The total consideration from the acquisition was preliminarily allocated as follows: (In thousands) Total Cash and cash equivalents $ 209 Accounts receivable 1,088 Unbilled receivables 239 Prepaid expenses and other current assets 16 Identified intangible assets 5,000 Goodwill 12,069 Accounts payable (55) Deferred revenue (578) Income taxes payable (466) Deferred tax liability (1,325) Other current liabilities (56) Total $ 16,141 The goodwill arising from the acquisition is primarily attributed to synergies related to the combination of new and complementary technologies of the Company and the assembled workforce of the acquired business. This goodwill is not expected to be deductible for tax purposes. The identified intangible assets assumed in the acquisition of Hardent were recognized as follows based upon their estimated fair values as of the acquisition date: Total Estimated Weighted-Average Useful Life (in thousands) (in years) Existing technology $ 4,800 5 years Customer contracts and contractual relationships 200 2 years Total $ 5,000 Unaudited Pro Forma Combined Consolidated Financial Information The following pro forma financial information presents the combined results of operations for the Company and Hardent as if the acquisition had occurred on January 1, 2021. The pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the acquisition actually taken place on January 1, 2021, and should not be taken as indicative of future consolidated operating results. Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 Total revenue $ 112,244 $ 83,057 $ 335,485 $ 242,354 Net income (loss) $ 1,170 $ 4,355 $ (29,228) $ 12,633 The pro forma net income for 2022 was adjusted to exclude $0.2 million and $1.2 million of acquisition-related costs incurred during the three and nine months ended September 30, 2022, respectively. Consequently, the pro forma net income for the corresponding periods in 2021 were adjusted to include these costs.

Subsequent Event

Subsequent Event	9 Months Ended
Subsequent Event	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	Subsequent EventOn October 31, 2022, the Company announced that it had extended its comprehensive patent license agreement with Samsung Electronics Co., LTD., a Korean corporation (“Samsung”) for an additional ten years. The extension substantially maintains the existing financial terms and provides Samsung with broad access to the full Rambus patent portfolio through late 2033.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract balances	The Company’s contract balances were as follows: As of (In thousands) September 30, 2022 December 31, 2021 Unbilled receivables $ 179,951 $ 258,626 Deferred revenue 25,066 26,198

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	9 Months Ended
Earnings (Loss) Per Share (Tables)	Sep. 30, 2022
Earnings Per Share [Abstract]
Computation of basic and diluted net income (loss) per share	The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended September 30, September 30, (In thousands, except per share amounts) 2022 2021 2022 2021 Net income (loss) per share: Numerator: Net income (loss) $ 939 $ 3,676 $ (30,259) $ 12,229 Denominator: Weighted-average shares outstanding - basic 109,968 108,989 110,102 111,103 Effect of potential dilutive common shares 1,994 4,672 — 3,851 Weighted-average shares outstanding - diluted 111,962 113,661 110,102 114,954 Basic net income (loss) per share $ 0.01 $ 0.03 $ (0.27) $ 0.11 Diluted net income (loss) per share $ 0.01 $ 0.03 $ (0.27) $ 0.11

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	9 Months Ended
Intangible Assets and Goodwill (Tables)	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in carrying amount of goodwill	The following tables present goodwill information for the nine months ended September 30, 2022: (In thousands) As of December 31, 2021 Addition to Goodwill (1) Adjustments to Goodwill (2) Effect of Exchange Rates (3) As of September 30, 2022 Total goodwill $ 278,810 $ 12,069 $ 1,013 $ 146 $ 292,038 _________________________________________ (1) In May 2022, the Company acquired Hardent, Inc. (“Hardent”), which resulted in the Company recognizing additional goodwill. Refer to Note 16, “Acquisition,” for additional information. (2) The adjustments to goodwill primarily include a correction of an immaterial error related to an understatement in other current liabilities that originated from the acquisition of AnalogX in 2021 and working capital adjustments from the acquisition of Hardent. (3) Effect of exchange rates relates to foreign currency translation adjustments for the period. As of September 30, 2022 (In thousands) Gross Carrying Amount Accumulated Impairment Losses Net Carrying Amount Total goodwill $ 313,808 $ (21,770) $ 292,038
Components of intangible assets	The components of the Company’s intangible assets as of September 30, 2022 and December 31, 2021 were as follows: As of September 30, 2022 (In thousands) Useful Life Gross Carrying Amount (1) (2) Accumulated Amortization (1) (2) Net Carrying Amount Existing technology 3 to 10 years $ 299,925 $ (258,072) $ 41,853 Customer contracts and contractual relationships 0.5 to 10 years 37,996 (36,193) 1,803 Non-compete agreements and trademarks 3 years 300 (300) — In-process research and development (“IPR&D”) Not applicable 11,200 — 11,200 Total intangible assets $ 349,421 $ (294,565) $ 54,856 _________________________________________ (1) During the nine months ended September 30, 2022, the Company acquired certain intangible assets for $3.0 million in cash. The assets were classified as existing technology and are being amortized over their expected useful life of five years. During the nine months ended September 30, 2022, the amortization for the acquired assets was not material. (2) In May 2022, the Company acquired Hardent, which resulted in the Company recognizing additional intangible assets. Refer to Note 16, “Acquisition,” for additional information. As of December 31, 2021 (In thousands) Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Existing technology 3 to 10 years $ 292,058 $ (247,422) $ 44,636 Customer contracts and contractual relationships 0.5 to 10 years 37,793 (35,209) 2,584 Non-compete agreements and trademarks 3 years 300 (300) — IPR&D Not applicable 11,200 — 11,200 Total intangible assets $ 341,351 $ (282,931) $ 58,420
Estimated future amortization of intangible assets	The estimated future amortization of intangible assets as of September 30, 2022 was as follows (in thousands): Years Ending December 31: Amount 2022 (remaining three months) $ 4,154 2023 15,134 2024 12,759 2025 6,718 2026 4,400 Thereafter 491 Total amortizable purchased intangible assets 43,656 IPR&D 11,200 Total intangible assets $ 54,856

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2022
Concentration risk
Revenue from external customer by geographic regions	Revenue from customers in the geographic regions based on the location of contracting parties was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 USA $ 70,284 $ 55,337 $ 193,253 $ 147,029 Singapore 10,498 8,214 50,262 28,882 Asia-Other 16,430 8,436 43,954 20,720 Taiwan 8,142 4,170 23,601 22,031 Japan 3,765 3,095 11,191 11,509 South Korea 1,081 1,350 5,118 3,947 Europe 1,963 661 4,847 2,294 Canada 81 19 200 111 Total $ 112,244 $ 81,282 $ 332,426 $ 236,523
Accounts receivable
Concentration risk
Schedule of customer accounts representing 10% or more than 10% of total	Accounts receivable from the Company’s major customers representing 10% or more of total accounts receivable at September 30, 2022 and December 31, 2021, respectively, was as follows: As of Customer September 30, 2022 December 31, 2021 Customer 1 20 % 17 % Customer 2 14 % * Customer 3 * 19 % _________________________________________ * Customer accounted for less than 10% of total accounts receivable in the period.
Revenue
Concentration risk
Schedule of customer accounts representing 10% or more than 10% of total	Revenue from the Company’s major customers representing 10% or more of total revenue for the three and nine months ended September 30, 2022 and 2021, respectively, was as follows: Three Months Ended Nine Months Ended September 30, September 30, Customer 2022 2021 2022 2021 Customer A 20 % 23 % 21 % 21 % Customer B 20 % 15 % 16 % 10 % Customer C 12 % 11 % 13 % 11 %

Marketable Securities (Tables)

Marketable Securities (Tables)	9 Months Ended
Marketable Securities (Tables)	Sep. 30, 2022
Debt Securities, Available-for-Sale [Abstract]
Cash equivalents and marketable securities classified as available-for-sale	Total cash, cash equivalents and marketable securities are summarized as follows: As of September 30, 2022 (In thousands, except percentages) Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Weighted Rate of Return Money market funds $ 16,159 $ 16,159 $ — $ — 1.94 % U.S. Government bonds and notes 66,680 68,954 — (2,274) 0.52 % Corporate notes, bonds and commercial paper 63,449 65,567 — (2,118) 0.75 % Total cash equivalents and marketable securities 146,288 150,680 — (4,392) Cash 118,560 118,560 — — Total cash, cash equivalents and marketable securities $ 264,848 $ 269,240 $ — $ (4,392) As of December 31, 2021 (In thousands, except percentages) Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Weighted Rate of Return Money market funds $ 7,402 $ 7,402 $ — $ — 0.02 % U.S. Government bonds and notes 102,812 103,113 — (301) 0.29 % Corporate notes, bonds and commercial paper 287,905 288,667 8 (770) 0.22 % Total cash equivalents and marketable securities 398,119 399,182 8 (1,071) Cash 87,490 87,490 — — Total cash, cash equivalents and marketable securities $ 485,609 $ 486,672 $ 8 $ (1,071)
Available-for-sale securities reported at fair value	Available-for-sale securities are reported at fair value on the balance sheets and classified along with cash as follows: As of (In thousands) September 30, 2022 December 31, 2021 Cash equivalents $ 22,999 $ 20,401 Short-term marketable securities 123,289 377,718 Total cash equivalents and marketable securities 146,288 398,119 Cash 118,560 87,490 Total cash, cash equivalents and marketable securities $ 264,848 $ 485,609
Estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position	The estimated fair value and gross unrealized losses of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position at September 30, 2022 and December 31, 2021 are as follows: Fair Value Gross Unrealized Losses (In thousands) September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021 Less than 12 months U.S. Government bonds and notes $ 54,924 $ 82,822 $ (1,570) $ (301) Corporate notes, bonds and commercial paper 31,012 255,783 (786) (770) Total cash equivalents and marketable securities in a continuous unrealized loss position for less than 12 months 85,936 338,605 (2,356) (1,071) 12 months or greater U.S. Government bonds and notes 11,756 — (704) — Corporate notes, bonds and commercial paper 32,437 — (1,332) — Total cash equivalents and marketable securities in a continuous unrealized loss position for 12 months or greater 44,193 — (2,036) — Total cash equivalents and marketable securities in a continuous unrealized loss position $ 130,129 $ 338,605 $ (4,392) $ (1,071)
Contractual maturities of cash equivalents (excluding money market funds which have no maturity) and marketable securities	The contractual maturities of cash equivalents (excluding money market funds which have no maturity) and marketable securities are summarized as follows: (In thousands) September 30, 2022 Due less than one year $ 84,954 Due from one year through three years 45,175 Total $ 130,129

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Summary of the valuation of cash equivalents and marketable securities by pricing levels	The following table presents the financial instruments that are carried at fair value and summarizes the valuation of its cash equivalents and marketable securities by the below pricing levels as of September 30, 2022 and December 31, 2021: As of September 30, 2022 (In thousands) Total Quoted Market Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds $ 16,159 $ 16,159 $ — $ — U.S. Government bonds and notes 66,680 — 66,680 — Corporate notes, bonds and commercial paper 63,449 — 63,449 — Total available-for-sale securities $ 146,288 $ 16,159 $ 130,129 $ — As of December 31, 2021 (In thousands) Total Quoted Market Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Money market funds $ 7,402 $ 7,402 $ — $ — U.S. Government bonds and notes 102,812 — 102,812 — Corporate notes, bonds and commercial paper 287,905 — 287,905 — Total available-for-sale securities $ 398,119 $ 7,402 $ 390,717 $ —
Financial instruments not carried at fair value but requiring fair value disclosure	The following table presents the financial instruments that are not carried at fair value but require fair value disclosure as of September 30, 2022 and December 31, 2021: As of September 30, 2022 As of December 31, 2021 (In thousands) Face Value Carrying Value Fair Value Face Value Carrying Value Fair Value 1.375% Convertible Senior Notes due 2023 (the “2023 Notes”) $ 10,381 $ 10,368 $ 14,048 $ 172,500 $ 163,687 $ 254,103

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2022
Leases [Abstract]
Lessee, operating lease liability, maturities and undiscounted cash flows	The table below reconciles the undiscounted cash flows for the first five years and total of the remaining years to the operating lease liabilities recorded on the unaudited condensed consolidated balance sheet as of September 30, 2022 (in thousands): Years ending December 31, Amount 2022 (remaining three months) $ 2,038 2023 6,421 2024 5,284 2025 5,358 2026 5,587 Thereafter 17,727 Total minimum lease payments 42,415 Less: amount of lease payments representing interest (6,887) Present value of future minimum lease payments 35,528 Less: current obligations under leases (5,435) Long-term lease obligations $ 30,093

Convertible Notes (Tables)

Convertible Notes (Tables)	9 Months Ended
Convertible Notes (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of convertible notes	The Company’s convertible notes are shown in the following table: As of (In thousands) September 30, 2022 December 31, 2021 2023 Notes $ 10,381 $ 172,500 Unamortized discount — 2023 Notes (1) — (8,266) Unamortized debt issuance costs — 2023 Notes (13) (547) Total convertible notes 10,368 163,687 Less current portion 10,368 163,687 Total long-term convertible notes $ — $ — _________________________________________ (1) On January 1, 2022, the Company adopted ASU No. 2020-06. Refer to Note 2, “Recent Accounting Pronouncements,” for additional information.
Schedule of interest expense on notes	Interest expense related to the convertible notes for the three and nine months ended September 30, 2022 and 2021 was as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 2023 Notes coupon interest at a rate of 1.375% $ 90 $ 593 $ 575 $ 1,779 2023 Notes amortization of discount and debt issuance cost 33 1,927 184 5,702 Total interest expense on convertible notes $ 123 $ 2,520 $ 759 $ 7,481

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of material contractual obligations	As of September 30, 2022, the Company’s material contractual obligations were as follows: (In thousands) Total Remainder of 2022 2023 2024 2025 2026 Contractual obligations (1) (2) (3) Software licenses (4) $ 36,546 $ 4,271 $ 14,166 $ 12,421 $ 5,688 $ — Acquisition retention bonuses (5) 5,342 — 2,500 2,500 342 — Convertible notes (6) 10,381 — 10,381 — — — Interest payments related to convertible notes 71 — 71 — — — Total $ 52,340 $ 4,271 $ 27,118 $ 14,921 $ 6,030 $ — _________________________________________ (1) The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.6 million, including $19.7 million recorded as a reduction of long-term deferred tax assets and $1.9 million in long-term income taxes payable as of September 30, 2022. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time. (2) For the Company’s lease commitments as of September 30, 2022, refer to Note 9, “Leases.” (3) The Company’s other contractual obligations as of September 30, 2022 were not material. (4) The Company has commitments with various software vendors for agreements generally having terms longer than one year. During the second quarter of 2022, the Company renewed a software license agreement for engineering development tools, which is included in the table above. As of September 30, 2022, approximately $9.1 million of the fair value of this software license was included in other current liabilities and $17.2 million was included in other long-term liabilities, in the accompanying unaudited condensed consolidated balance sheet. (5) In connection with the acquisition of Northwest Logic in the third quarter of 2019, the Secure Silicon IP and Protocols business in the fourth quarter of 2019, the acquisitions of AnalogX and PLDA in the third quarter of 2021, and the acquisition of Hardent in the second quarter of 2022, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions, including the condition of employment. (6) During the nine months ended September 30, 2022, the Company repurchased $162.1 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.”

Equity Incentive Plans and St_2

Equity Incentive Plans and Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of shares available for grant	A summary of shares available for grant under the Company’s plans is as follows: Shares Available for Grant Total shares available for grant as of December 31, 2021 10,492,178 Nonvested equity stock and stock units granted (1) (2) (3,939,753) Nonvested equity stock and stock units forfeited (1) 1,170,793 Total shares available for grant as of September 30, 2022 7,723,218 _________________________________________ (1) For purposes of determining the number of shares available for grant under the 2015 Equity Incentive Plan (the “2015 Plan”) against the maximum number of shares authorized, each restricted stock granted reduces the number of shares available for grant by 1.5 shares and each restricted stock forfeited increases shares available for grant by 1.5 shares. (2) Amount includes approximately 0.6 million shares that have been reserved for potential future issuance related to certain performance unit awards granted in the first and third quarters of 2022 and discussed under the section titled “Nonvested Equity Stock and Stock Units” below.
Schedule of stock option activity	The following table summarizes stock option activity under the Company’s equity incentive plans for the nine months ended September 30, 2022 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of September 30, 2022. Options Outstanding (In thousands, except per share amounts and years) Number of Shares Weighted- Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value Outstanding as of December 31, 2021 549,581 $ 10.71 Options exercised (83,100) $ 6.59 Outstanding as of September 30, 2022 466,481 $ 11.45 3.98 $ 6,518 Vested or expected to vest at September 30, 2022 466,405 $ 11.45 3.98 $ 6,517 Options exercisable at September 30, 2022 444,814 $ 11.36 3.83 $ 6,255
Schedule of nonvested equity stock and stock units activity	The following table reflects the activity related to nonvested equity stock and stock units for the nine months ended September 30, 2022: Nonvested Equity Stock and Stock Units Shares Weighted- Average Grant-Date Fair Value Nonvested at December 31, 2021 4,718,385 $ 16.62 Granted 2,226,335 $ 27.80 Vested (1,760,978) $ 14.33 Forfeited (418,366) $ 20.34 Nonvested at September 30, 2022 4,765,376 $ 22.37

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
Acquisition (Tables)	Sep. 30, 2022
Business Combinations [Abstract]
Schedule of recognized identified assets acquired and liabilities assumed	The total consideration from the acquisition was preliminarily allocated as follows: (In thousands) Total Cash and cash equivalents $ 209 Accounts receivable 1,088 Unbilled receivables 239 Prepaid expenses and other current assets 16 Identified intangible assets 5,000 Goodwill 12,069 Accounts payable (55) Deferred revenue (578) Income taxes payable (466) Deferred tax liability (1,325) Other current liabilities (56) Total $ 16,141
Schedule of finite-lived intangible assets acquired as part of business combination	The identified intangible assets assumed in the acquisition of Hardent were recognized as follows based upon their estimated fair values as of the acquisition date: Total Estimated Weighted-Average Useful Life (in thousands) (in years) Existing technology $ 4,800 5 years Customer contracts and contractual relationships 200 2 years Total $ 5,000
Business acquisition, pro forma information	Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the acquisition: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2022 2021 2022 2021 Total revenue $ 112,244 $ 83,057 $ 335,485 $ 242,354 Net income (loss) $ 1,170 $ 4,355 $ (29,228) $ 12,633

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements Schedule Of New Accounting Pronouncements And Changes In Accounting Principles - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jan. 01, 2022	Dec. 31, 2021
New accounting pronouncements or change in accounting principle
Liabilities	$ (219,172)		$ (370,250)
Accumulated deficit	$ (509,398)		$ (435,227)
Cumulative effect, period of adoption, adjustment \| Convertible senior notes \| Debt discount \| Accounting Standards Update 2020-06
New accounting pronouncements or change in accounting principle
Additional paid in capital		$ 35,200
Liabilities		8,300
Accumulated deficit		26,900
Cumulative effect, period of adoption, adjustment \| Convertible senior notes \| Debt issuance costs \| Accounting Standards Update 2020-06
New accounting pronouncements or change in accounting principle
Additional paid in capital		700
Accumulated deficit		$ 500

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Unbilled receivables	$ 179,951	$ 258,626
Deferred revenue	$ 25,066	$ 26,198

Revenue Recognition (Details 2)

Revenue Recognition (Details 2) - USD ($) $ in Millions	9 Months Ended
Revenue Recognition (Details 2) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Contract balances, revenue recognized	$ 21.7	$ 9.7

Revenue Recognition (Details 3)

Revenue Recognition (Details 3) $ in Millions	Sep. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 29.6
Remaining performance obligation, expected timing of satisfaction, start date: 2022-10-01
Remaining performance obligation, expected timing of satisfaction
Remaining performance obligations, expected timing of satisfaction period	2 years

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income (loss)	$ 939	$ 3,676	$ (30,259)	$ 12,229
Denominator:
Weighted-average common shares outstanding, basic (in shares)	109,968	108,989	110,102	111,103
Effect of potential dilutive common shares	1,994	4,672	0	3,851
Weighted-average common shares outstanding, diluted (in shares)	111,962	113,661	110,102	114,954
Basic net income (loss) per share	$ 0.01	$ 0.03	$ (0.27)	$ 0.11
Diluted net income (loss) per share	$ 0.01	$ 0.03	$ (0.27)	$ 0.11

Earnings (Loss) Per Share (De_2

Earnings (Loss) Per Share (Details 2) shares in Millions	9 Months Ended
Earnings (Loss) Per Share (Details 2) shares in Millions	Sep. 30, 2022 shares
Earnings Per Share [Abstract]
Anti-dilutive shares excluded from calculation of earnings per share	2.4

Earnings (Loss) Per Share (De_3

Earnings (Loss) Per Share (Details 3) - 1.375% Convertible senior notes due 2023 - Convertible senior notes - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Dilutive shares included in calculation of earnings per share
Initial conversion price of notes (in dollars per share)	$ 18.93	$ 18.93	$ 18.93	$ 18.93
Potential incremental common shares attributable to dilutive effect of conversion of convertible notes	0.1	1.8		1
Potential cumulative common shares attributable to dilutive effect of conversion of convertible notes payable			0.5

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill (Details) $ in Thousands	9 Months Ended
Intangible Assets and Goodwill (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill
Beginning balance	$ 278,810
Addition to goodwill	12,069
Adjustments to goodwill	1,013
Effect of exchange rates	146
Ending balance	$ 292,038

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill (Details 2) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Gross carrying amount	$ 313,808
Accumulated impairment losses	(21,770)
Net carrying amount	$ 292,038	$ 278,810

Intangible Assets and Goodwil_4

Intangible Assets and Goodwill (Details 3) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Components of intangible assets
Intangible assets, gross	$ 349,421		$ 341,351
Accumulated amortization	(294,565)		(282,931)
Finite-lived intangible assets	43,656
In-process research and development	11,200
Intangible assets, net	54,856		58,420
Acquisition of intangible assets	3,000	$ 0
In-process research and development
Components of intangible assets
In-process research and development	11,200		11,200
Existing technology
Components of intangible assets
Gross carrying amount	299,925		292,058
Accumulated amortization	(258,072)		(247,422)
Finite-lived intangible assets	41,853		$ 44,636
Acquisition of intangible assets	$ 3,000
Identified intangible assets assumed, useful life (in years)	5 years
Existing technology \| Minimum
Components of intangible assets
Useful life (in years)	3 years		3 years
Existing technology \| Maximum
Components of intangible assets
Useful life (in years)	10 years		10 years
Customer contracts and contractual relationships
Components of intangible assets
Gross carrying amount	$ 37,996		$ 37,793
Accumulated amortization	(36,193)		(35,209)
Finite-lived intangible assets	$ 1,803		$ 2,584
Customer contracts and contractual relationships \| Minimum
Components of intangible assets
Useful life (in years)	6 months		6 months
Customer contracts and contractual relationships \| Maximum
Components of intangible assets
Useful life (in years)	10 years		10 years
Non-compete agreements and trademarks
Components of intangible assets
Gross carrying amount	$ 300		$ 300
Accumulated amortization	(300)		(300)
Finite-lived intangible assets	$ 0		$ 0
Useful life (in years)	3 years		3 years

Intangible Assets and Goodwil_5

Intangible Assets and Goodwill (Details 4) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 4,000	$ 4,200	$ 11,634	$ 13,456

Intangible Assets and Goodwil_6

Intangible Assets and Goodwill (Details 5) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Estimated future amortization expense of intangible assets
2022 (remaining three months)	$ 4,154
2023	15,134
2024	12,759
2025	6,718
2026	4,400
Thereafter	491
Finite-lived intangible assets	43,656
In-process research and development	11,200
Intangible assets, net	$ 54,856	$ 58,420

Segment Information (Details)

Segment Information (Details) - Customer concentration risk - Accounts receivable	Sep. 30, 2022	Dec. 31, 2021
Customer 1
Concentration risk
Accounts receivable from major customer as a percentage of total accounts receivable	20%	17%
Customer 2
Concentration risk
Accounts receivable from major customer as a percentage of total accounts receivable	14%
Customer 3
Concentration risk
Accounts receivable from major customer as a percentage of total accounts receivable		19%

Segment Information (Details 2)

Segment Information (Details 2) - Customer concentration risk - Revenue	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Customer A
Concentration risk
Revenue from major customer as a percentage of total revenue	20%	23%	21%	21%
Customer B
Concentration risk
Revenue from major customer as a percentage of total revenue	20%	15%	16%	10%
Customer C
Concentration risk
Revenue from major customer as a percentage of total revenue	12%	11%	13%	11%

Segment Information (Details 3)

Segment Information (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information (Details 3) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Major customer disclosure
Revenue	$ 112,244	$ 81,282	$ 332,426	$ 236,523
USA
Major customer disclosure
Revenue	70,284	55,337	193,253	147,029
Singapore
Major customer disclosure
Revenue	10,498	8,214	50,262	28,882
Asia-Other
Major customer disclosure
Revenue	16,430	8,436	43,954	20,720
Taiwan
Major customer disclosure
Revenue	8,142	4,170	23,601	22,031
Japan
Major customer disclosure
Revenue	3,765	3,095	11,191	11,509
South Korea
Major customer disclosure
Revenue	1,081	1,350	5,118	3,947
Europe
Major customer disclosure
Revenue	1,963	661	4,847	2,294
Canada
Major customer disclosure
Revenue	$ 81	$ 19	$ 200	$ 111

Marketable Securities (Details)

Marketable Securities (Details) - USD ($) $ in Thousands	9 Months Ended
Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash equivalents and marketable securities
Maximum maturity period of available-for-sale securities (in years)	3 years
Fair value	$ 146,288	$ 398,119
Amortized cost	150,680	399,182
Gross unrealized gains	0	8
Gross unrealized losses	(4,392)	(1,071)
Cash, cash equivalents and marketable securities
Cash, fair value	118,560	87,490
Cash, amortized cost	118,560	87,490
Fair value	264,848	485,609
Amortized cost	269,240	486,672
Gross unrealized gains	0	8
Gross unrealized losses	(4,392)	(1,071)
Money market funds
Cash equivalents and marketable securities
Fair value	16,159	7,402
Amortized cost	16,159	7,402
Gross unrealized gains	0	0
Gross unrealized losses	$ 0	$ 0
Weighted rate of return (as a percentage)	1.94%	0.02%
U.S. Government bonds and notes
Cash equivalents and marketable securities
Fair value	$ 66,680	$ 102,812
Amortized cost	68,954	103,113
Gross unrealized gains	0	0
Gross unrealized losses	$ (2,274)	$ (301)
Weighted rate of return (as a percentage)	0.52%	0.29%
Corporate notes, bonds and commercial paper
Cash equivalents and marketable securities
Fair value	$ 63,449	$ 287,905
Amortized cost	65,567	288,667
Gross unrealized gains	0	8
Gross unrealized losses	$ (2,118)	$ (770)
Weighted rate of return (as a percentage)	0.75%	0.22%

Marketable Securities (Details

Marketable Securities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt securities, available-for-sale
Fair value	$ 146,288	$ 398,119
Cash, fair value	118,560	87,490
Cash, cash equivalents and marketable securities, fair value	264,848	485,609
Cash equivalents
Debt securities, available-for-sale
Fair value	22,999	20,401
Short-term marketable securities
Debt securities, available-for-sale
Fair value	$ 123,289	$ 377,718

Marketable Securities (Detail_2

Marketable Securities (Details 3) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt securities, available-for-sale
Less than 12 months, fair value	$ 85,936	$ 338,605
Less than 12 months, gross unrealized losses	(2,356)	(1,071)
12 months or greater, fair value	44,193	0
12 months or greater, gross unrealized losses	(2,036)	0
Fair value	130,129	338,605
Gross unrealized losses	(4,392)	(1,071)
U.S. Government bonds and notes
Debt securities, available-for-sale
Less than 12 months, fair value	54,924	82,822
Less than 12 months, gross unrealized losses	(1,570)	(301)
12 months or greater, fair value	11,756	0
12 months or greater, gross unrealized losses	(704)	0
Corporate notes, bonds and commercial paper
Debt securities, available-for-sale
Less than 12 months, fair value	31,012	255,783
Less than 12 months, gross unrealized losses	(786)	(770)
12 months or greater, fair value	32,437	0
12 months or greater, gross unrealized losses	$ (1,332)	$ 0

Marketable Securities (Detail_3

Marketable Securities (Details 4) $ in Thousands	Sep. 30, 2022 USD ($)
Contractual maturities
Contractual maturities, fair value, due less than one year	$ 84,954
Contractual maturities, fair value, due from one year through three years	45,175
Contractual maturities, fair value	$ 130,129

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	$ 146,288	$ 398,119
Money market funds
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	16,159	7,402
U.S. Government bonds and notes
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	66,680	102,812
Corporate notes, bonds and commercial paper
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	63,449	287,905
Recurring basis
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	146,288	398,119
Recurring basis \| Money market funds
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	16,159	7,402
Recurring basis \| U.S. Government bonds and notes
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	66,680	102,812
Recurring basis \| Corporate notes, bonds and commercial paper
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	63,449	287,905
Recurring basis \| Quoted market prices in active markets (Level 1)
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	16,159	7,402
Recurring basis \| Quoted market prices in active markets (Level 1) \| Money market funds
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	16,159	7,402
Recurring basis \| Quoted market prices in active markets (Level 1) \| U.S. Government bonds and notes
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Quoted market prices in active markets (Level 1) \| Corporate notes, bonds and commercial paper
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Significant other observable inputs (Level 2)
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	130,129	390,717
Recurring basis \| Significant other observable inputs (Level 2) \| Money market funds
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Significant other observable inputs (Level 2) \| U.S. Government bonds and notes
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	66,680	102,812
Recurring basis \| Significant other observable inputs (Level 2) \| Corporate notes, bonds and commercial paper
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	63,449	287,905
Recurring basis \| Significant unobservable inputs (Level 3)
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Significant unobservable inputs (Level 3) \| Money market funds
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Significant unobservable inputs (Level 3) \| U.S. Government bonds and notes
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	0	0
Recurring basis \| Significant unobservable inputs (Level 3) \| Corporate notes, bonds and commercial paper
Financial assets subject to fair value measurements and the necessary disclosures
Fair value, available-for-sale securities	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Details 2) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt instrument
Carrying value	$ 10,368	$ 163,687
1.375% Convertible senior notes due 2023 \| Convertible senior notes
Debt instrument
Face value	10,381	172,500
Carrying value	10,368	163,687
Fair value	$ 14,048	$ 254,103

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Equity security without readily determinable fair value
Gain on fair value of equity security	$ 3,547	$ 0	$ 3,547	$ 0
Change in fair value of earn-out liability	$ 2,411	$ 0	$ (1,889)	$ 0
Private company
Equity security without readily determinable fair value
Equity method investment, ownership percentage	25%		25%		25%
Other assets \| Private company
Equity security without readily determinable fair value
Equity method investment	$ 900		$ 900		$ 1,800

Leases, Operating Lease Maturit

Leases, Operating Lease Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
2022 (remaining three months)	$ 2,038
2023	6,421
2024	5,284
2025	5,358
2026	5,587
Thereafter	17,727
Total minimum lease payments	42,415
Less: amount of lease payments representing interest	(6,887)
Present value of future minimum lease payments	35,528
Operating lease liabilities	5,435	$ 5,992
Long-term operating lease liabilities	$ 30,093	$ 29,099

Leases, Additional Details (Det

Leases, Additional Details (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessee, lease, description
Operating lease, weighted-average remaining lease term	7 years 2 months 12 days		7 years 2 months 12 days
Operating lease, weighted-average discount rate (as a percentage)	5.30%		5.30%
Operating lease costs	$ 1.9	$ 1.9	$ 5.6	$ 5.6
Operating lease payments			$ 6.7	$ 6.4
Minimum
Lessee, lease, description
Lessee, operating lease, remaining lease term	1 year		1 year
Maximum
Lessee, lease, description
Lessee, operating lease, remaining lease term	8 years		8 years

Convertible Notes (Details)

Convertible Notes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt instrument
Total convertible notes	$ 10,368	$ 163,687
1.375% Convertible senior notes due 2023 \| Convertible senior notes
Debt instrument
Face value	10,381	172,500
Unamortized discount	0	(8,266)
Unamortized debt issuance costs	(13)	(547)
Total convertible notes	10,368	163,687
Less current portion	10,368	163,687
Total long-term convertible notes	$ 0	$ 0

Convertible Notes (Details 2)

Convertible Notes (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Convertible Notes (Details 2) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest expense related to notes
Amortization of discount and debt issuance costs			$ 197	$ 5,702
Interest expense	$ 437	$ 2,672	$ 1,390	$ 7,969
1.375% Convertible senior notes due 2023 \| Convertible senior notes
Interest expense related to notes
Convertible notes, stated interest rate (as a percentage)	1.375%	1.375%	1.375%	1.375%
Coupon interest expense	$ 90	$ 593	$ 575	$ 1,779
Amortization of discount and debt issuance costs	33	1,927	184	5,702
Interest expense	$ 123	$ 2,520	$ 759	$ 7,481

Convertible Notes (Details Text

Convertible Notes (Details Textual) $ / shares in Units, $ in Thousands							1 Months Ended	3 Months Ended				9 Months Ended
		Aug. 25, 2022 $ / shares	Aug. 11, 2022 USD ($)	Apr. 01, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 02, 2022 USD ($)	Mar. 29, 2022 $ / shares	Sep. 30, 2022 USD ($) D	Mar. 31, 2022 USD ($) D	Dec. 31, 2021 D	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Debt instrument
Loss on extinguishment of debt								$ (17,129)			$ 0	$ (83,626)	$ 0
Loss on fair value adjustment of derivatives, net								(2,302)			$ 0	(10,585)	0
Proceeds from retirement of convertible senior note hedges								19,300	$ 72,400			91,729	0
Payments for retirement of warrants								(14,400)	$ (55,100)			(69,528)	$ 0
1.375% Convertible senior notes due 2023 \| Convertible senior notes
Debt instrument
Repurchased convertible debt, face amount	[1]							162,100				162,100
Loss on fair value adjustment of derivatives, net								$ (2,300)				$ (10,600)
Debt instrument, convertible, threshold percentage of stock price trigger								130%	130%	130%
Debt instrument, convertible, threshold trading days								20	20	20
Debt instrument, convertible, threshold consecutive trading days \| D								30	30	30
1.375% Convertible senior notes due 2023 \| Convertible senior notes \| 2023 Notes Partial Repurchase, first quarter 2022
Debt instrument
Repayments of convertible debt					$ 174,500	$ 199,100
Repurchased convertible debt, face amount					$ 107,900	$ 123,100			$ 107,900
Volume weighted average price \| $ / shares							$ 29.6789
Loss on extinguishment of debt									(66,500)
Loss on fair value adjustment of derivatives, net									$ (8,300)
1.375% Convertible senior notes due 2023 \| Convertible senior notes \| 2023 Notes Partial Repurchase, third quarter 2022
Debt instrument
Repayments of convertible debt			$ 58,900
Repurchased convertible debt, face amount			$ 39,000
Volume weighted average price \| $ / shares		$ 27.8456
Loss on extinguishment of debt								$ (17,100)
Loss on fair value adjustment of derivatives, net								$ (2,300)
1.375% Convertible senior notes due 2023 \| Convertible senior notes \| Remainder of 2023 Notes Partial Repurchase \| 2023 Notes Partial Repurchase, first quarter 2022
Debt instrument
Repayments of convertible debt				$ 24,600
Repurchased convertible debt, face amount				$ 15,200

[1]During the nine months ended September 30, 2022, the Company repurchased $162.1 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.”

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	9 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Contractual obligations
Remainder of 2022	$ 4,271	[1],[2],[3]
2023	27,118	[1],[2],[3]
2024	14,921	[1],[2],[3]
2025	6,030	[1],[2],[3]
2026	0	[1],[2],[3]
Total contractual obligation	52,340	[1],[2],[3]
Unrecognized tax benefit excluding foreign tax withholdings	21,600	[3]
1.375% Convertible senior notes due 2023 \| Convertible senior notes
Contractual obligations
Repurchased convertible debt, face amount	162,100	[4]
Software licenses
Contractual obligations
Remainder of 2022	4,271	[1],[2],[3],[5]
2023	14,166	[1],[2],[3],[5]
2024	12,421	[1],[2],[3],[5]
2025	5,688	[1],[2],[3],[5]
2026	0	[1],[2],[3],[5]
Total contractual obligation	$ 36,546	[1],[2],[3],[5]
Terms of noncancellable license agreements, minimum (in years)	1 year	[5]
Software licenses \| Engineering development tools \| Other current liabilities
Contractual obligations
Total contractual obligation	$ 9,100	[5]
Software licenses \| Engineering development tools \| Other long-term liabilities
Contractual obligations
Total contractual obligation	17,200	[5]
Acquisition retention bonuses
Contractual obligations
Remainder of 2022	0	[1],[2],[3],[6]
2023	2,500	[1],[2],[3],[6]
2024	2,500	[1],[2],[3],[6]
2025	342	[1],[2],[3],[6]
2026	0	[1],[2],[3],[6]
Total contractual obligation	5,342	[1],[2],[3],[6]
Convertible senior notes
Contractual obligations
Remainder of 2022	0	[1],[2],[3],[4]
2023	10,381	[1],[2],[3],[4]
2024	0	[1],[2],[3],[4]
2025	0	[1],[2],[3],[4]
2026	0	[1],[2],[3],[4]
Total contractual obligation	10,381	[1],[2],[3],[4]
Interest payments related to convertible notes
Contractual obligations
Remainder of 2022	0	[1],[2],[3]
2023	71	[1],[2],[3]
2024	0	[1],[2],[3]
2025	0	[1],[2],[3]
2026	0	[1],[2],[3]
Total contractual obligation	$ 71	[1],[2],[3]

[1]For the Company’s lease commitments as of September 30, 2022, refer to Note 9, “Leases.”[2]The Company’s other contractual obligations as of September 30, 2022 were not material.[3]The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.6 million, including $19.7 million recorded as a reduction of long-term deferred tax assets and $1.9 million in long-term income taxes payable as of September 30, 2022. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time.[4]During the nine months ended September 30, 2022, the Company repurchased $162.1 million of the aggregate principal amount of its 2023 Notes. Refer to Note 10, “Convertible Notes.”[5]The Company has commitments with various software vendors for agreements generally having terms longer than one year. During the second quarter of 2022, the Company renewed a software license agreement for engineering development tools, which is included in the table above. As of September 30, 2022, approximately $9.1 million of the fair value of this software license was included in other current liabilities and $17.2 million was included in other long-term liabilities, in the accompanying unaudited condensed consolidated balance sheet.[6]In connection with the acquisition of Northwest Logic in the third quarter of 2019, the Secure Silicon IP and Protocols business in the fourth quarter of 2019, the acquisitions of AnalogX and PLDA in the third quarter of 2021, and the acquisition of Hardent in the second quarter of 2022, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions, including the condition of employment.

Equity Incentive Plans and St_3

Equity Incentive Plans and Stock-Based Compensation (Details) - shares		9 Months Ended
		Sep. 30, 2022
Stock compensation plan
Shares available for grant
Shares available, at the beginning of the year		10,492,178
Nonvested equity stock and stock units granted (in shares)	[1],[2]	(3,939,753)
Nonvested equity stock and stock units forfeited (in shares)	[2]	1,170,793
Shares available, at the end of the period		7,723,218
Conversion factor used to calculate the decrease in the number of shares available for grant resulting from the grant of restricted stock awards		1.5
Conversion factor used to calculate the increase in the number of shares available for grant resulting from the forfeiture of restricted stock awards		1.5
Potential additional performance stock units
Shares available for grant
Nonvested equity stock and stock units granted (in shares)		600,000

[1]Amount includes approximately 0.6 million shares that have been reserved for potential future issuance related to certain performance unit awards granted in the first and third quarters of 2022 and discussed under the section titled “Nonvested Equity Stock and Stock Units” below[2]For purposes of determining the number of shares available for grant under the 2015 Equity Incentive Plan (the “2015 Plan”) against the maximum number of shares authorized, each restricted stock granted reduces the number of shares available for grant by 1.5 shares and each restricted stock forfeited increases shares available for grant by 1.5 shares.

Equity Incentive Plans and St_4

Equity Incentive Plans and Stock-Based Compensation (Details 2) - Options $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Number of shares
Outstanding, at the beginning of the period \| shares	549,581
Options exercised \| shares	(83,100)
Outstanding, at the end of the period \| shares	466,481
Vested or expected to vest at the end of the period \| shares	466,405
Options exercisable at the end of the period \| shares	444,814
Weighted-average exercise price
Outstanding at the beginning of the period \| $ / shares	$ 10.71
Options exercised \| $ / shares	6.59
Outstanding at the end of the period \| $ / shares	11.45
Vested or expected to vest at the end of the period \| $ / shares	11.45
Options exercisable at the end of the period \| $ / shares	$ 11.36
Weighted-average remaining contractual term (in years)
Outstanding	3 years 11 months 23 days
Vested or expected to vest	3 years 11 months 23 days
Options exercisable	3 years 9 months 29 days
Aggregate intrinsic value
Outstanding \| $	$ 6,518
Vested or expected to vest \| $	6,517
Options exercisable \| $	$ 6,255

Equity Incentive Plans and St_5

Equity Incentive Plans and Stock-Based Compensation (Details 3) - Nonvested equity stock units and stock units - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Nonvested equity stock and stock units
Nonvested at the beginning of the period (in shares)			4,718,385
Granted (in shares)	500,000	200,000	2,226,335	2,200,000
Vested (in shares)			(1,760,978)
Forfeited (in shares)			(418,366)
Nonvested at the end of the period (in shares)	4,765,376		4,765,376
Weighted-average grant-date fair value
Nonvested at the beginning of the period (in dollars per share)			$ 16.62
Granted (in dollars per share)			27.80
Vested (in dollars per share)			14.33
Forfeited (in dollars per share)			20.34
Nonvested at the end of the period (in dollars per share)	$ 22.37		$ 22.37

Equity Incentive Plans and St_6

Equity Incentive Plans and Stock-Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Employee stock purchase plan
Stock-based compensation
Shares available for issuance	2,700,000		2,700,000
Discount from market price specific date			15%
Stock-based compensation expense	$ 0.4	$ 0.3	$ 1.2	$ 1.1
Unrecognized compensation cost	0.1		$ 0.1
Unrecognized compensation cost, weighted-average period			1 month
Employee stock purchase plan, shares issued during period			161,254	263,933
Employee Stock Purchase Plans, Weighted Average Price Per Share			$ 19.97	$ 11.58
Options
Stock-based compensation
Stock-based compensation expense		0.1		$ 0.2
Unrecognized compensation cost	0.2		$ 0.2
Unrecognized compensation cost, weighted-average period			1 year
Nonvested equity stock units and stock units
Stock-based compensation
Stock-based compensation expense	8.5	$ 7.1	$ 24	$ 20
Unrecognized compensation cost	$ 69.4		$ 69.4
Unrecognized compensation cost, weighted-average period			2 years 3 months 18 days
Awards, nonvested grants in period, shares	500,000	200,000	2,226,335	2,200,000
Awards, nonvested requisite service period	4 years	4 years	4 years	4 years
Awards, nonvested grants in period, fair value	$ 12.8	$ 5.5	$ 61.8	$ 46.9
Nonvested equity stock units and stock units \| Director
Stock-based compensation
Awards, nonvested requisite service period	1 year	1 year	1 year	1 year
Nonvested equity stock units and stock units \| Minimum
Stock-based compensation
Awards, vesting rights (as a percentage)			0%	0%
Nonvested equity stock units and stock units \| Maximum
Stock-based compensation
Awards, vesting rights (as a percentage)			200%	200%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - 2020 Share repurchase program - shares	Sep. 30, 2022	Oct. 29, 2020
Class of stock
Total number of shares authorized to be repurchased under the program		20,000,000
Remaining number of shares authorized to be repurchased	9,800,000

Stockholders' Equity (Details 2

Stockholders' Equity (Details 2) - USD ($) $ in Thousands, shares in Millions	3 Months Ended					9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2022	Sep. 30, 2021
Accelerated share repurchases
Repurchase and retirement of common stock under repurchase program	$ 100,412		$ 13			$ 100,412	$ 100,081
2020 Accelerated share repurchase program
Accelerated share repurchases
Accelerated share repurchase program, upfront payment					$ 50,000
Repurchase and retirement of common stock under repurchase program (in shares)				(0.1)	(2.6)
Repurchase and retirement of common stock under repurchase program					$ (40,000)
Remaining initial payment, unsettled forward contract indexed to Company's stock					$ 10,000
2021 Accelerated share repurchase program
Accelerated share repurchases
Accelerated share repurchase program, upfront payment				$ 100,000
Repurchase and retirement of common stock under repurchase program (in shares)		(0.4)		(3.9)
Repurchase and retirement of common stock under repurchase program				$ (80,000)
Remaining initial payment, unsettled forward contract indexed to Company's stock				$ 20,000
2022 Accelerated share repurchase program
Accelerated share repurchases
Accelerated share repurchase program, upfront payment	$ 100,000
Repurchase and retirement of common stock under repurchase program (in shares)	(3.1)
Repurchase and retirement of common stock under repurchase program	$ (80,000)
Remaining initial payment, unsettled forward contract indexed to Company's stock	$ 20,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 2,501	$ 1,073	$ 5,945	$ 3,201
Income taxes paid	$ 5,500	$ 5,000	$ 15,800	$ 15,400

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Valuation allowance
Unrecognized tax benefits	$ 161	$ 146.2
Portion of unrecognized tax benefits, which if recognized, would be recorded as an income tax benefit	1.9
Long-term deferred tax assets
Valuation allowance
Unrecognized tax benefits	19.7	18.9
Other assets \| Foreign tax authority \| National Tax Services
Valuation allowance
Unrecognized tax benefits	139.4	126.1
Long-term income taxes payable
Valuation allowance
Unrecognized tax benefits	$ 1.9	$ 1.3

Acquisition (Consideration Tran

Acquisition (Consideration Transferred) (Details) - Hardent, Inc. $ in Thousands	May 20, 2022 USD ($)
Business acquisition
Total consideration	$ 16,100
Total consideration transferred	14,700
Indemnification obligations
Business acquisition
Escrow deposits	$ 1,200
Escrow release term	18 months
Other contractual provisions
Business acquisition
Escrow deposits	$ 200

Acquisition (Purchase Price All

Acquisition (Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	May 20, 2022	Dec. 31, 2021
Business acquisition
Goodwill	$ 292,038		$ 278,810
Hardent, Inc.
Business acquisition
Cash and cash equivalents		$ 209
Accounts receivables		1,088
Unbilled receivables		239
Prepaid expenses and other current assets		16
Identified intangible assets		5,000
Goodwill		12,069
Accounts payable		(55)
Deferred revenue		(578)
Income taxes payable		(466)
Deferred tax liability		(1,325)
Other current liabilities		(56)
Recognized identifiable assets acquired and liabilities assumed, net		$ 16,141

Acquisition (Intangible Assets

Acquisition (Intangible Assets Acquired as Part of Business Combination) (Details) - USD ($) $ in Thousands		9 Months Ended
	May 20, 2022	Sep. 30, 2022
Existing technology
Identified intangible assets assumed in the acquisitions
Identified intangible assets assumed, useful life (in years)		5 years
Hardent, Inc.
Identified intangible assets assumed in the acquisitions
Identified intangible assets assumed	$ 5,000
Hardent, Inc. \| Existing technology
Identified intangible assets assumed in the acquisitions
Identified intangible assets assumed	$ 4,800
Identified intangible assets assumed, useful life (in years)	5 years
Hardent, Inc. \| Customer contracts and contractual relationships
Identified intangible assets assumed in the acquisitions
Identified intangible assets assumed	$ 200
Identified intangible assets assumed, useful life (in years)	2 years

Acquisition (Pro Forma Informat

Acquisition (Pro Forma Information) (Details) - Hardent, Inc. - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pro forma financial information, nonrecurring adjustment
Pro forma financial information, revenue	$ 112,244	$ 83,057	$ 335,485	$ 242,354
Pro forma financial information, net income (loss)	$ 1,170	$ 4,355	$ (29,228)	$ 12,633

Acquisition (Additional Informa

Acquisition (Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Sep. 30, 2022	Sep. 30, 2022	May 20, 2022
Business acquisition
Contractual obligation	[1],[2],[3]	$ 52,340	$ 52,340
Acquisition retention bonuses
Business acquisition
Contractual obligation	[1],[2],[3],[4]	5,342	5,342
Hardent, Inc.
Business acquisition
Acquisition-related costs		1,200	1,200
Hardent, Inc. \| Acquisition-related costs
Business acquisition
Pro forma financial information, adjustment, acquisition-related costs		$ 200	$ 1,200
Hardent, Inc. \| Acquisition retention bonuses \| Annually
Business acquisition
Contractual obligation				$ 1,200

[1]For the Company’s lease commitments as of September 30, 2022, refer to Note 9, “Leases.”[2]The Company’s other contractual obligations as of September 30, 2022 were not material.[3]The above table does not reflect possible payments in connection with unrecognized tax benefits of approximately $21.6 million, including $19.7 million recorded as a reduction of long-term deferred tax assets and $1.9 million in long-term income taxes payable as of September 30, 2022. As noted below in Note 14, “Income Taxes,” although it is possible that some of the unrecognized tax benefits could be settled within the next 12 months, the Company cannot reasonably estimate the outcome at this time.[4]In connection with the acquisition of Northwest Logic in the third quarter of 2019, the Secure Silicon IP and Protocols business in the fourth quarter of 2019, the acquisitions of AnalogX and PLDA in the third quarter of 2021, and the acquisition of Hardent in the second quarter of 2022, the Company is obligated to pay retention bonuses to certain employees subject to certain eligibility and acceleration provisions, including the condition of employment.

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 31, 2022
Subsequent event
Subsequent event
Revenue from contract with customer, renewal of contract, term	10 years