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GOODWILL AND ACQUIRED INTANGIBLES | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND ACQUIRED INTANGIBLES | GOODWILL AND ACQUIRED INTANGIBLES 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 |
Acquired Intangibles, Net 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 expense from existing technology is included in cost of product and maintenance. 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 |
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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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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