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ACQUIRED INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Finite Lived 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

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

Future Amortization Expense of Intangible Assets

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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- References

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
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