v3.25.2
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
As of June 30, 2025, and December 31, 2024, the balance of the Company’s goodwill was $5.2 billion, of which $4.9 billion related to the Communications reportable segment and $306.1 million related to the Segment reportable segment. There was no goodwill activity during the six months ended June 30, 2025.
Intangible assets
Intangible assets consist of the following:
As of June 30, 2025
CostAccumulated AmortizationNet
Amortizable intangible assets:(In thousands)
Developed technology$388,341 $(332,799)$55,542 
Customer relationships348,314 (237,851)110,463 
Supplier relationships49,756 (39,903)9,853 
Trade names25,968 (25,554)414 
Patent3,968 (1,195)2,773 
Total amortizable intangible assets816,347 (637,302)179,045 
Non-amortizable intangible assets:
Telecommunication licenses4,920 — 4,920 
Trademarks and other295 — 295 
Total$821,562 $(637,302)$184,260 
As of December 31, 2024
CostAccumulated AmortizationNet
Amortizable intangible assets:(In thousands)
Developed technology$388,341 $(306,063)$82,278 
Customer relationships348,314 (215,523)132,791 
Supplier relationships49,756 (35,363)14,393 
Trade names25,968 (25,014)954 
Patent3,968 (1,096)2,872 
Total amortizable intangible assets816,347 (583,059)233,288 
Non-amortizable intangible assets:
Telecommunication licenses4,920 — 4,920 
Trademarks and other295 — 295 
Total$821,562 $(583,059)$238,503 
Amortization expense was $27.1 million and $28.2 million for the three months ended June 30, 2025 and 2024, respectively, and $54.2 million and $57.2 million for the six months ended June 30, 2025 and 2024, respectively.
Total estimated future amortization expense is as follows:
As of June 30, 2025
Year Ended December 31,(In thousands)
2025 (remaining six months)$53,619 
202642,149 
202725,330 
202819,055 
202914,970 
Thereafter23,922 
Total$179,045