XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.24.3

ACQUIRED INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
ACQUIRED INTANGIBLE ASSETS | ACQUIRED 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 |
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 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 |
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 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration