Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following (dollars in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Useful Life | | Gross Value | | Accumulated 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 |
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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, | | 2025 | | 2024 | | 2025 | | 2024 | Amortization of acquired intangibles | $ | 44,372 | | | $ | 64,102 | | | $ | 86,783 | | | $ | 128,283 | | Amortization of capitalized software development costs | 44,292 | | | 30,760 | | | 86,185 | | | 61,636 | | Amortization of intangible assets | $ | 88,664 | | | $ | 94,862 | | | $ | 172,968 | | | $ | 189,919 | |
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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 | | 2026 | 288,550 | | 2027 | 216,672 | | 2028 | 121,973 | | 2029 and thereafter | 588,319 | | | $ | 1,383,306 | |
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