v3.25.2
Intangible Assets, Net and Certain Cloud Computing Costs (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following (dollars in thousands):

Useful
Life
Gross ValueAccumulated
Amortization
Net Carrying
Value
 Weighted
Average
Remaining
Useful Life
(Years)
June 30, 2025
Client and other relationships
2 to 20 years
$1,515,919 $(553,147)$962,772 10.9
Trademarks
2 to 15 years
330,324 (271,208)59,116 5.2
Software
3 to 5 years
644,057 (383,695)260,362 2.0
Acquired technology
4 to 7 years
341,860 (240,804)101,056 2.3
Intangible assets, net$2,832,160 $(1,448,854)$1,383,306 8.4
December 31, 2024
Client relationships
2 to 20 years
$1,453,811 $(490,426)$963,385 11.6
Trademarks
2 to 15 years
324,229 (263,671)60,558 5.8
Software
3 to 5 years
575,106 (293,588)281,518 2.1
Acquired technology
4 to 7 years
341,563 (215,664)125,899 2.8
Intangible assets, net$2,694,709 $(1,263,349)$1,431,360 8.7
Schedule of Amortization of Intangible Assets Expense by Components
The following table presents the Company's amortization of intangible assets expense by component (in thousands):

Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Amortization of acquired intangibles$44,372 $64,102 $86,783 $128,283 
Amortization of capitalized software development costs44,292 30,760 86,185 61,636 
Amortization of intangible assets$88,664 $94,862 $172,968 $189,919 
Schedule of Periodic Amortization of Intangible Assets to be Charged to Expense over the Remaining Life of Intangible Assets
Periodic amortization of intangible assets that will be charged to expense over the remaining life of the intangible assets as of June 30, 2025 was as follows (in thousands):

Years Ending December 31,
2025$167,792 
2026288,550 
2027216,672 
2028121,973 
2029 and thereafter588,319 
$1,383,306