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ACQUIRED INTANGIBLE ASSETS | 12 Months Ended
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Dec. 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 December 31, 2024
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 353,791 |  |  | $ | (241,110) |  |  | $ | 112,681 |
Customer assets | 15 years |  | 1,401,102 |  |  | (332,153) |  |  | 1,068,949 |
Trade names | 9 years |  | 383,838 |  |  | (132,590) |  |  | 251,248 |
Other | 7 years |  | 5,299 |  |  | (5,110) |  |  | 189 |
Total |  |  | $ | 2,144,030 |  |  | $ | (710,963) |  |  | $ | 1,433,067 |
| 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):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Acquired intangible assets, net, beginning of the period | $ | 1,761,521 |  |  | $ | 2,014,034 |  |  | $ | 257,049 |
Acquisitions | 7,536 |  |  | 6,300 |  |  | 2,006,490 |
Amortization expense | (223,072) |  |  | (246,873) |  |  | (208,952) |
Foreign currency translation and other adjustments | (112,918) |  |  | (11,940) |  |  | (40,553) |
Acquired intangible assets, net, end of the period | $ | 1,433,067 |  |  | $ | 1,761,521 |  |  | $ | 2,014,034 |
The estimated future amortization expense of intangible assets as of December 31, 2024 is as follows (in thousands):
2025 | $ | 190,611 |
2026 | 180,407 |
2027 | 136,843 |
2028 | 133,055 |
Thereafter | 792,151 |
Total | $ | 1,433,067 |

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