Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill are as follows: | | | | | | Balance, December 31, 2024 | $ | 2,367,179 | | | | Foreign currency translation adjustments | 49,262 | | Other adjustments | 374 | | Balance, June 30, 2025 | $ | 2,416,815 | |
Other Intangible Assets Details of intangible assets other than goodwill are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Net Book Value | | Gross Carrying Amount | | Accumulated Amortization | | Net Book Value | Intangible assets subject to amortization: | | | | | | | | | | | | | | Software and technology | 3-5 years | | $ | 84,619 | | | $ | (65,918) | | | $ | 18,701 | | | $ | 86,578 | | | $ | (61,671) | | | $ | 24,907 | | Customer relationships | 3-10 years | | 318,997 | | | (177,309) | | | 141,688 | | | 315,773 | | | (162,175) | | | 153,598 | | Trademarks | 3-10 years | | 75,066 | | | (42,704) | | | 32,362 | | | 74,034 | | | (38,593) | | | 35,441 | | Non-compete agreements | 5 years | | 350 | | | (350) | | | — | | | 350 | | | (337) | | | 13 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total intangible assets | | | $ | 479,032 | | | $ | (286,281) | | | $ | 192,751 | | | $ | 476,735 | | | $ | (262,776) | | | $ | 213,959 | |
The aggregate amortization expense for purchased intangible assets with finite lives was reflected in the Company’s consolidated statements of operations as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Cost of subscriptions and licenses | $ | 3,204 | | | $ | 3,129 | | | $ | 6,440 | | | $ | 6,355 | | Amortization of purchased intangibles | 8,201 | | | 8,392 | | | 16,409 | | | 17,356 | | Total amortization expense | $ | 11,405 | | | $ | 11,521 | | | $ | 22,849 | | | $ | 23,711 | |
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