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ACQUIRED INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
ACQUIRED INTANGIBLE ASSETS | ACQUIRED INTANGIBLE ASSETS The following table details acquired intangible assets (in thousands):
| Balance at March 31, 2024
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 389,262 |  |  | $ | (217,765) |  |  | $ | 171,497 |
Customer assets | 14 years |  | 1,450,587 |  |  | (265,816) |  |  | 1,184,771 |
Trade names | 9 years |  | 424,203 |  |  | (113,114) |  |  | 311,089 |
Other | 9 years |  | 13,299 |  |  | (7,038) |  |  | 6,261 |
Total |  |  | $ | 2,277,351 |  |  | $ | (603,733) |  |  | $ | 1,673,618 |
| Balance at December 31, 2023
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 393,511 |  |  | $ | (201,409) |  |  | $ | 192,102 |
Customer assets | 14 years |  | 1,473,970 |  |  | (237,316) |  |  | 1,236,654 |
Trade names | 9 years |  | 428,944 |  |  | (102,774) |  |  | 326,170 |
Other | 9 years |  | 13,299 |  |  | (6,704) |  |  | 6,595 |
Total |  |  | $ | 2,309,724 |  |  | $ | (548,203) |  |  | $ | 1,761,521 |
All intangible assets are amortized over their estimated useful lives. The change in the carrying value of intangible assets was as follows (in thousands):
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Acquired intangible assets, net, beginning of the period | $ | 1,761,521 |  |  | $ | 2,014,034 |  |  |  |  |
Amortization expense | (61,309) |  |  | (55,595) |  |  |  |  |
Foreign currency translation and other adjustments | (26,594) |  |  | (9,353) |  |  |  |  |
Acquired intangible assets, net, end of the period | $ | 1,673,618 |  |  | $ | 1,949,086 |  |  |  |  |
The estimated future amortization expense of intangible assets as of March 31, 2024 was as follows (in thousands):
Remainder of 2024 | $ | 163,387 |
2025 | 205,317 |
2026 | 191,250 |
2027 | 144,871 |
2028 | 140,740 |
Thereafter | 828,053 |
Total | $ | 1,673,618 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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