v3.25.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2025
GOODWILL AND INTANGIBLE ASSETS [Abstract]  
Summary of Goodwill

(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

Summary of Intangible Assets

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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

(In thousands)

Annual
Amortization

2025

$

83,993

2026

109,002

2027

107,924

2028

104,594

Thereafter

366,175

Total

$

771,688