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GOODWILL AND ACQUIRED INTANGIBLES

9 Months Ended

Sep. 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 nine months ended September 30, 2025 were as follows:

			Gross Carrying Amount
			(In thousands)
Balance as of December 31, 2024			$	2,378,671
Goodwill resulting from acquisitions			144,653
Effect of foreign currency translation			121,586
Balance as of September 30, 2025			$	2,644,910

Acquired Intangibles, Net

Acquired intangibles as of September 30, 2025 were as follows:

			Gross Carrying Amount						Accumulated Amortization						Acquired Intangibles, Net
			(In thousands)
Existing technology			$	539,059					$	(237,528)					$	301,531
Agreements and relationships			447,399						(104,759)						342,640
Tradenames, trademarks and patents			39,054						(10,717)						28,337
Total acquired intangibles			$	1,025,512					$	(353,004)					$	672,508

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 nine months ended September 30, 2025 and September 30, 2024 by condensed consolidated income statement caption was as follows:

			Three Months Ended												Nine Months Ended
			September 30, 2025						September 30, 2024						September 30, 2025						September 30, 2024
			(In thousands)
Cost of product and maintenance			$	15,751					$	17,615					$	46,744					$	42,451
Amortization of acquired intangibles			10,233						9,148						28,359						21,222
Total amortization of acquired intangibles			$	25,984					$	26,763					$	75,103					$	63,673

As of September 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			$	28,050
2026			110,800
2027			107,540
2028			102,824
2029			88,009
2030			53,086
Thereafter			182,199
Total estimated amortization expense			$	672,508

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- References

No definition available.

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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

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