| GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS The change in the carrying amount of goodwill during the twelve months ended December 31, 2025 and the six months ended June 30, 2026, respectively, included the following: | | | | | | | (In thousands) | | | December 31, 2024 | $ | 1,432,387 | | | Foreign exchange | 2,646 | | | December 31, 2025 | 1,435,033 | | | Additions and adjustments | 3,920 | | | Foreign exchange | (737) | | | June 30, 2026 | $ | 1,438,216 | |
Intangible assets as of June 30, 2026 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | (In thousands) | Weighted
Average
Amortization
Period
(in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | | Customer relationships & other intangibles | 10.5 | | $ | 367,061 | | | $ | (131,883) | | | $ | 235,178 | | | Developed technology | 7.9 | | 729,276 | | | (289,852) | | | 439,424 | | | Patents | 14.2 | | 16,105 | | | (6,877) | | | 9,228 | | | Trade names | 15.3 | | 10,034 | | | (1,240) | | | 8,794 | | | Total intangible assets | | | $ | 1,122,476 | | | $ | (429,852) | | | $ | 692,624 | |
Intangible assets as of December 31, 2025 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (In thousands) | Weighted
Average
Amortization
Period
(in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | | Customer relationships & other intangibles | 10.5 | | $ | 367,184 | | | $ | (116,701) | | | $ | 250,483 | | | Developed technology | 7.9 | | 725,237 | | | (248,098) | | | 477,139 | | | Patents | 14.1 | | 14,744 | | | (6,410) | | | 8,334 | | | Trade names | 15.3 | | 10,034 | | | (926) | | | 9,108 | | | Total intangible assets | | | $ | 1,117,199 | | | $ | (372,135) | | | $ | 745,064 | |
The following table summarizes amortization of intangible assets for future periods as of June 30, 2026: | | | | | | | (In thousands) | Annual
Amortization | | 2026 | $ | 58,814 | | | 2027 | 116,354 | | | 2028 | 113,063 | | | 2029 | 112,743 | | | Thereafter | 291,650 | | | Total | $ | 692,624 | |
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