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GOODWILL AND ACQUIRED INTANGIBLES (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill during the six months ended June 30, 2025 were as follows:
| Gross Carrying Amount
| (In thousands)
Balance as of December 31, 2024 | $ | 2,378,671 |
Goodwill resulting from acquisitions | 94,247 |
Effect of foreign currency translation | 126,880 |
Balance as of June 30, 2025 | $ | 2,599,798 |
Schedule of acquired intangibles with finite and indefinite lives (excluding goodwill) | Acquired intangibles as of June 30, 2025 were as follows:
| Gross Carrying Amount |  | Accumulated Amortization |  | Acquired Intangibles, Net
| (In thousands)
Existing technology | $ | 494,348 |  |  | $ | (221,929) |  |  | $ | 272,419 |
Agreements and relationships | 421,048 |  |  | (95,724) |  |  | 325,324 |
Tradenames, trademarks and patents | 30,838 |  |  | (9,629) |  |  | 21,209 |
Total acquired intangibles | $ | 946,234 |  |  | $ | (327,282) |  |  | $ | 618,952 |
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 and six months ended June 30, 2025 and June 30, 2024 by condensed consolidated income statement caption was as follows:
| Three Months Ended |  | Six Months Ended
| June 30, 2025 |  | June 30, 2024 |  | June 30, 2025 |  | June 30, 2024
| (In thousands)
Cost of product and maintenance | $ | 14,499 |  |  | $ | 13,488 |  |  | $ | 30,993 |  |  | $ | 24,836 |
Amortization of acquired intangibles | 9,204 |  |  | 6,667 |  |  | 18,126 |  |  | 12,074 |
Total amortization of acquired intangibles | $ | 23,703 |  |  | $ | 20,155 |  |  | $ | 49,119 |  |  | $ | 36,910 |
Estimated amortization expense | As of June 30, 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 | $ | 49,183 |
2026 | 96,865 |
2027 | 93,603 |
2028 | 88,854 |
2029 | 74,093 |
2030 | 47,712 |
Thereafter | 168,642 |
Total estimated amortization expense | $ | 618,952 |

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