| Summary of Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the period presented are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Gross Carrying Amount | | Accumulated Impairment Charges | | Net Carrying Amount | | Balance as of December 31, 2025 | $ | 1,586,210 | | | $ | (853,495) | | | $ | 732,715 | | | Impairment charge | — | | | (129,256) | | | (129,256) | | | | | | | | | Balance as of June 30, 2026 | $ | 1,586,210 | | | $ | (982,751) | | | $ | 603,459 | |
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| Summary of Intangible Assets, Net |
A summary of the Company’s intangible assets, net is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment Charges | | Net Carrying Amount | | Weighted-Average Remaining Useful Life (Years) | | Brands - indefinite-lived | $ | 1,511,269 | | | $ | — | | | $ | (1,221,269) | | | $ | 290,000 | | | Indefinite | | | | | | | | | | | | Developed technology | 262,011 | | | (253,412) | | | — | | | 8,599 | | | 2.0 | | | | | | | | | | | | | | | | | | | | | | Other | 23,527 | | | (10,453) | | | — | | | 13,074 | | | 2.7 | | Total Intangible assets, net | $ | 1,796,807 | | | $ | (263,865) | | | $ | (1,221,269) | | | $ | 311,673 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment Charges | | Net Carrying Amount | | Weighted-Average Remaining Useful Life (Years) | | Brands - indefinite-lived | $ | 1,511,269 | | | $ | — | | | $ | (1,181,269) | | | $ | 330,000 | | | Indefinite | | | | | | | | | | | | Developed technology | 262,011 | | | (251,262) | | | — | | | 10,749 | | | 2.5 | | | | | | | | | | | | | | | | | | | | | | Other | 28,445 | | | (13,491) | | | (4,249) | | | 10,705 | | | 1.9 | | Total Intangible assets, net | $ | 1,801,725 | | | $ | (264,753) | | | $ | (1,185,518) | | | $ | 351,454 | | | |
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