| Goodwill And Intangible Assets |
NOTE 9. GOODWILL AND INTANGIBLE ASSETS The change in the carrying amount of goodwill during the twelve months ended December 31, 2024 and the three months ended March 31, 2025, respectively included the following: | | | | | | | | (In thousands) | | | | December 31, 2023 | | $ | 1,434,540 | Additions and adjustments | | | (550) | Foreign exchange | | | (1,603) | December 31, 2024 | | | 1,432,387 | Additions and adjustments | | | — | Foreign exchange | | | 577 | March 31, 2025 | | $ | 1,432,964 |
Intangible assets as of March 31 2025 included the following: | | | | | | | | | | | | | | March 31, 2025 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Customer relationships & other intangibles | 10.6 | | $ | 357,126 | | $ | (96,302) | | $ | 260,824 | Developed technology | 8.0 | | | 681,906 | | | (179,790) | | | 502,116 | Patents | 14.0 | | | 14,112 | | | (5,364) | | | 8,748 | Total intangible assets | | | $ | 1,053,144 | | $ | (281,456) | | $ | 771,688 |
Intangible assets as of December 31, 2024 included the following: | | | | | | | | | | | | | | December 31, 2024 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Customer relationships & other intangibles | 10.6 | | $ | 355,727 | | $ | (88,164) | | $ | 267,563 | Developed technology | 8.0 | | | 681,477 | | | (157,889) | | | 523,588 | Patents | 16.1 | | | 9,023 | | | (5,057) | | | 3,966 | Total intangible assets | | | $ | 1,046,227 | | $ | (251,110) | | $ | 795,117 |
The following table summarizes amortization of intangible assets for future periods as of March 31, 2025: | | | | (In thousands) | | Annual
Amortization | 2025 | | $ | 83,993 | 2026 | | | 109,002 | 2027 | | | 107,924 | 2028 | | | 104,594 | Thereafter | | | 366,175 | Total | | $ | 771,688 |
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