| Goodwill and Intangible Assets |
6. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the six months ended June 30, 2026 were as follows: | | | | | | | Goodwill | | (in thousands) | | Balance as of December 31, 2025 | $ | 1,720,769 | | | Goodwill acquired | 60,758 | | | Foreign currency translation | (1,394) | | | Balance as of June 30, 2026 | $ | 1,780,133 | |
Intangible assets consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2026 | | Weighted- Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net | | | | | | | | | | (in thousands, except years) | | | | | | | | | | | | | | | | | | Technology | 3.2 | | $ | 302,371 | | | $ | (223,383) | | | $ | 78,988 | | | | | | | | | | | Patents | 8.8 | | 16,788 | | | (5,372) | | | 11,416 | | | Other | 4.7 | | 4,827 | | | (925) | | | 3,902 | | Total intangible assets | | | $ | 323,986 | | | $ | (229,680) | | | $ | 94,306 | |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2025 | | Weighted- Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net | | | | | | | | | | (in thousands, except years) | | | | | | | | | | | | | | | | | | Technology | 2.6 | | $ | 328,234 | | | $ | (274,464) | | | $ | 53,770 | | | | | | | | | | | Patents | 8.9 | | 30,172 | | | (17,485) | | | 12,687 | | | Other | 3.3 | | 835 | | | (679) | | | 156 | | Total intangible assets | | | $ | 359,241 | | | $ | (292,628) | | | $ | 66,613 | |
Amortization of intangible assets was $10.7 million and $21.6 million for the three and six months ended June 30, 2026, respectively, and $12.1 million and $23.6 million for the three and six months ended June 30, 2025, respectively. As of June 30, 2026, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: | | | | | | | Estimated Amortization | | (in thousands) | | Remainder of 2026 | $ | 15,642 | | | 2027 | 30,722 | | | 2028 | 20,215 | | | 2029 | 14,986 | | | 2030 | 6,500 | | | Thereafter | 6,241 | | | Total | $ | 94,306 | |
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