GOODWILL AND ACQUIRED INTANGIBLES

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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

Acquired Intangibles, Net

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 expense from existing technology is included in cost of product and maintenance. 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

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