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GOODWILL AND ACQUIRED INTANGIBLES (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill during fiscal 2024 and 2023 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 31, 2022 | $ | 1,374,268 |
Goodwill resulting from acquisitions | 160,083 |
Effect of foreign currency translation | 1,494 |
Balance as of December 31, 2023 | 1,535,845 |
Goodwill resulting from acquisitions | 889,585 |
Effect of foreign currency translation | (46,759) |
Balance as of December 31, 2024 | $ | 2,378,671 |
Acquired intangibles with finite lives (excluding goodwill), excluding intangibles fully amortized at end of prior fiscal year | Acquired intangibles as of December 31, 2024, were as follows, excluding intangibles that were fully amortized as of December 31, 2023:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 465,453 |  |  | $ | (199,126) |  |  | $ | 266,327 |
Agreements and relationships | 386,365 |  |  | (78,605) |  |  | 307,760 |
Tradenames, trademarks and patents | 28,113 |  |  | (7,466) |  |  | 20,647 |
Total acquired intangibles | $ | 879,931 |  |  | $ | (285,197) |  |  | $ | 594,734 |
Acquired intangibles as of December 31, 2023, were as follows, excluding intangibles that were fully amortized as of December 31, 2022:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 325,710 |  |  | $ | (141,659) |  |  | $ | 184,051 |
Agreements and relationships | 198,259 |  |  | (61,395) |  |  | 136,864 |
Tradenames, trademarks and patents | 13,460 |  |  | (4,332) |  |  | 9,128 |
Total acquired intangibles with definite lives | $ | 537,429 |  |  | $ | (207,386) |  |  | $ | 330,043 |
In-process technology | 6,800 |  |  | — |  |  | 6,800 |
Total acquired intangibles | $ | 544,229 |  |  | $ | (207,386) |  |  | $ | 336,843 |
Amortization of acquired intangibles | Amortization expense for fiscal 2024, 2023 and 2022, by consolidated income statement caption, was as follows:
| 2024 |  | 2023 |  | 2022
| (In thousands)
Cost of product and maintenance | $ | 60,074 |  |  | $ | 43,808 |  |  | $ | 41,348 |
Amortization of acquired intangibles | 30,375 |  |  | 18,162 |  |  | 18,470 |
Total amortization of acquired intangibles | $ | 90,449 |  |  | $ | 61,970 |  |  | $ | 59,818 |
Estimated amortization expense | As of December 31, 2024, the estimated amortization expense for intangible assets with definite lives was as follows for the following five fiscal years and thereafter:
| (In thousands)
2025 | $ | 91,486 |
2026 | 86,763 |
2027 | 84,480 |
2028 | 79,023 |
2029 | 64,292 |
Thereafter | 188,690 |
Total estimated amortization expense | $ | 594,734 |

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