v3.26.3
Goodwill and Identified Intangible Assets
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Identified Intangible Assets

NOTE 7 – GOODWILL AND IDENTIFIED INTANGIBLE ASSETS

Goodwill

The carrying value of goodwill at September 30, 2026 and December 31, 2025 was $313.7 million. There were no changes to the carrying value of goodwill from January 1 through September 30, 2026. Goodwill at each reporting unit is evaluated for potential impairment annually, as of the beginning of the fourth quarter, and whenever events or changes in circumstances indicate the carrying amount of goodwill may not be recoverable. The process of evaluating goodwill for potential impairment is subjective and requires significant estimates, assumptions and judgments particularly related to the identification of reporting units, the assignment of assets and liabilities to reporting units and estimating the fair value of each reporting unit. No impairment charges were recognized during the three and nine months ended September 30, 2026 and 2025.

 

Identified Intangible Assets

Identified intangible assets consisted of the following (in thousands):

 

 

Average

 

September 30, 2026

 

 

December 31, 2025

 

 

 

Life
(Years)

 

Gross
Assets

 

 

Accumulated
Amortization

 

 

Net

 

 

Gross
Assets

 

 

Accumulated
Amortization

 

 

Net

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquired patents / core technology

 

3-10

 

$

754,948

 

 

$

(482,840

)

 

$

272,108

 

 

$

737,985

 

 

$

(434,529

)

 

$

303,456

 

Customer contracts and related relationships

 

3-9

 

 

155,900

 

 

 

(155,900

)

 

 

—

 

 

 

155,900

 

 

 

(155,900

)

 

 

—

 

Existing technology / content database

 

5-10

 

$

38,681

 

 

$

(38,681

)

 

 

—

 

 

$

38,681

 

 

$

(38,681

)

 

 

—

 

Trademarks/trade name

 

4-10

 

$

1,300

 

 

$

(1,300

)

 

 

—

 

 

$

1,300

 

 

$

(1,300

)

 

 

—

 

Total intangible assets

 

 

 

$

950,829

 

 

$

(678,721

)

 

$

272,108

 

 

$

933,866

 

 

$

(630,410

)

 

$

303,456

 

As of September 30, 2026, the estimated future amortization expense of total finite-lived intangible assets was as follows (in thousands):

 

 

 

Amounts

 

2026 (remaining 3 months)

 

$

16,190

 

2027

 

 

64,761

 

2028

 

 

59,717

 

2029

 

 

57,469

 

2030

 

 

32,043

 

Thereafter

 

 

41,928

 

Total

 

$

272,108