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GOODWILL AND ACQUIRED INTANGIBLES (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill during the three months ended March 31, 2025 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 31, 2024 | $ | 2,378,671 |
Effect of foreign currency translation | 41,046 |
Balance as of March 31, 2025 | $ | 2,419,717 |
Schedule of acquired intangibles with finite and indefinite lives (excluding goodwill) | Acquired intangibles as of March 31, 2025 were as follows:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 460,255 |  |  | $ | (204,291) |  |  | $ | 255,964 |
Agreements and relationships | 393,700 |  |  | (85,852) |  |  | 307,848 |
Tradenames, trademarks and patents | 28,865 |  |  | (8,449) |  |  | 20,416 |
Total acquired intangibles | $ | 882,820 |  |  | $ | (298,592) |  |  | $ | 584,228 |
Acquired intangibles as of December 31, 2024 were as follows:
| 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 |
Amortization of acquired intangibles | Amortization expense for the three months ended March 31, 2025 and March 31, 2024 by condensed consolidated income statement caption was as follows:
|  |  | Three Months Ended
|  |  |  |  | March 31, 2025 |  | March 31, 2024
|  |  |  |  | (In thousands)
Cost of product and maintenance |  |  |  |  | $ | 16,494 |  |  | $ | 11,348 |
Amortization of acquired intangibles |  |  |  |  | 8,922 |  |  | 5,407 |
Total amortization of acquired intangibles |  |  |  |  | $ | 25,416 |  |  | $ | 16,755 |
Estimated amortization expense | As of March 31, 2025, the estimated amortization expense for intangible assets with definite lives was as follows for the following five fiscal years and thereafter:
| (In thousands)
2025 - remaining period | $ | 68,314 |
2026 | 88,564 |
2027 | 85,334 |
2028 | 80,668 |
2029 | 65,995 |
2030 | 40,842 |
Thereafter | 154,511 |
Total estimated amortization expense | $ | 584,228 |

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