v3.26.1
Intangible Assets, Net and Certain Cloud Computing Costs (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Intangible Assets, Net
Intangible assets, net consisted of the following (dollars in thousands):

Gross ValueAccumulated
Amortization
Net Carrying
Value
 Weighted
Average
Remaining
Useful Life
(Years)
June 30, 2026
Client and other relationships$1,522,805 $(661,037)$861,768 9.9
Trademarks271,742 (247,014)24,728 1.0
Capitalized software development costs721,035 (489,005)232,030 2.0
Acquired technology330,947 (273,804)57,143 1.3
Intangible assets, net$2,846,529 $(1,670,860)$1,175,669 7.7
December 31, 2025
Client and other relationships$1,525,815 $(602,572)$923,243 10.3
Trademarks272,269 (226,370)45,899 1.3
Capitalized software development costs665,631 (416,448)249,183 2.0
Acquired technology331,973 (253,211)78,762 1.8
Intangible assets, net$2,795,688 $(1,498,601)$1,297,087 7.9
Schedule of Amortization of Intangible Assets Expense by Components
The following table presents the Company's amortization of intangible assets by component (in thousands):

Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Amortization of acquired intangibles$51,758 $44,372 $103,509 $86,783 
Amortization of capitalized software development costs36,684 44,292 74,759 86,185 
Amortization of intangible assets$88,442 $88,664 $178,268 $172,968 
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, 2026 was as follows (in thousands):

Years Ending December 31,
Remainder of 2026$177,653 
2027255,434 
2028156,870 
2029113,352 
2030 and thereafter472,360 
$1,175,669