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ACQUIRED INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Finite Lived Intangible Assets | The following table details acquired intangible assets (in thousands):
| Balance at September 30, 2024
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 402,500 |  |  | $ | (255,427) |  |  | $ | 147,073 |
Customer assets | 15 years |  | 1,487,917 |  |  | (325,512) |  |  | 1,162,405 |
Trade names | 9 years |  | 430,565 |  |  | (137,697) |  |  | 292,868 |
Other | 9 years |  | 13,299 |  |  | (7,709) |  |  | 5,590 |
Total |  |  | $ | 2,334,281 |  |  | $ | (726,345) |  |  | $ | 1,607,936 |
| 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 September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Acquired intangible assets, net, beginning of the period | $ | 1,629,183 |  |  | $ | 1,878,238 |  |  | $ | 1,761,521 |  |  | $ | 2,014,034 |
Acquisitions | 7,536 |  |  | — |  |  | 7,536 |  |  | — |
Amortization expense | (53,207) |  |  | (74,845) |  |  | (172,918) |  |  | (185,697) |
Foreign currency translation and other adjustments | 24,424 |  |  | (24,442) |  |  | 11,797 |  |  | (49,386) |
Acquired intangible assets, net, end of the period | $ | 1,607,936 |  |  | $ | 1,778,951 |  |  | $ | 1,607,936 |  |  | $ | 1,778,951 |
Future Amortization Expense of Intangible Assets | The estimated future amortization expense of intangible assets as of September 30, 2024 was as follows (in thousands):
Remainder of 2024 | $ | 54,049 |
2025 | 211,160 |
2026 | 197,093 |
2027 | 149,669 |
2028 | 145,443 |
Thereafter | 850,522 |
Total | $ | 1,607,936 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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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. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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