Goodwill and Intangible Assets (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Intangible Assets (Indefinite-Lived) |
Intangible assets are classified as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | (in thousands) | Gross
Carrying
Amount | | Accumulated
Amortization | | Gross
Carrying
Amount | | Accumulated
Amortization | | Finite-lived intangible assets: | | | | | | | | Developed software and core technologies | $ | 1,147,812 | | | $ | (659,307) | | | $ | 1,142,840 | | | $ | (635,450) | | | Customer lists | 267,657 | | | (98,999) | | | 261,895 | | | (91,769) | | | Trade names | 189,918 | | | (153,203) | | | 189,017 | | | (150,646) | | | Total | $ | 1,605,387 | | | $ | (911,509) | | | $ | 1,593,752 | | | $ | (877,865) | | | Indefinite-lived intangible asset: | | | | | | | | | Trade name | $ | 357 | | | | | $ | 357 | | | |
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| Intangible Assets (Finite-Lived) |
Intangible assets are classified as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | (in thousands) | Gross
Carrying
Amount | | Accumulated
Amortization | | Gross
Carrying
Amount | | Accumulated
Amortization | | Finite-lived intangible assets: | | | | | | | | Developed software and core technologies | $ | 1,147,812 | | | $ | (659,307) | | | $ | 1,142,840 | | | $ | (635,450) | | | Customer lists | 267,657 | | | (98,999) | | | 261,895 | | | (91,769) | | | Trade names | 189,918 | | | (153,203) | | | 189,017 | | | (150,646) | | | Total | $ | 1,605,387 | | | $ | (911,509) | | | $ | 1,593,752 | | | $ | (877,865) | | | Indefinite-lived intangible asset: | | | | | | | | | Trade name | $ | 357 | | | | | $ | 357 | | | |
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| Estimated Future Amortization Expense for Intangible Assets |
As of March 31, 2025, estimated future amortization expense for the intangible assets reflected above was as follows: | | | | | | | (in thousands) | | | Remainder of 2025 | $ | 86,118 | | | 2026 | 116,278 | | | 2027 | 119,495 | | | 2028 | 113,105 | | | 2029 | 99,233 | | | 2030 | 65,054 | | | Thereafter | 94,595 | | | Total intangible assets subject to amortization | 693,878 | | | Indefinite-lived trade name | 357 | | | Other intangible assets, net | $ | 694,235 | |
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| Changes in Goodwill |
The changes in goodwill during the three months ended March 31, 2025 and 2024 were as follows: | | | | | | | | | | | | | (in thousands) | 2025 | | 2024 | | Beginning balance – January 1 | $ | 3,778,128 | | | $ | 3,805,874 | | Acquisitions and adjustments(1) | — | | | 2,872 | | | | | | | Currency translation | 21,681 | | | (10,887) | | | Ending balance – March 31 | $ | 3,799,809 | | | $ | 3,797,859 | |
(1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date.
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