v3.25.1
Acquired Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets and Goodwill Acquired Intangible Assets and Goodwill
Acquired intangible assets that are subject to amortization consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):

 March 31, 2025December 31, 2024
 Gross
Carrying
Amount
Accumulated AmortizationNet
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Completed technologies$464,386 $(233,216)$231,170 $463,766 $(223,480)$240,286 
Customer-related intangible assets760,510 (332,162)428,348 758,817 (313,991)444,826 
Trademarks and trade names15,331 (10,985)4,346 15,318 (10,579)4,739 
Acquired license rights44,810 (7,957)36,853 44,810 (7,076)37,734 
Total$1,285,037 $(584,320)$700,717 $1,282,711 $(555,126)$727,585 

Based on the Company’s acquired intangible assets as of March 31, 2025, aggregate expense related to amortization of acquired intangible assets is expected to be $83.6 million for the remainder of 2025, and $104.0 million, $89.2 million, $81.8 million and $75.9 million for 2026, 2027, 2028 and 2029, respectively.

The changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows (in thousands):

Balance as of January 1, 2025$3,151,077 
Foreign currency translation6,332 
Balance as of March 31, 2025$3,157,409 

The Company tests goodwill for impairment at least annually. Through the date the interim condensed consolidated financial statements were issued, no triggering events have occurred that would indicate that a potential impairment exists.