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ACQUIRED INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2025
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, 2025
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 353,791 |  |  | $ | (255,785) |  |  | $ | 98,006 |
Customer assets | 15 years |  | 1,363,332 |  |  | (311,116) |  |  | 1,052,216 |
Trade names and other | 9 years |  | 389,137 |  |  | (148,117) |  |  | 241,020 |
Total |  |  | $ | 2,106,260 |  |  | $ | (715,018) |  |  | $ | 1,391,242 |
| 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 and other | 9 years |  | 389,137 |  |  | (137,700) |  |  | 251,437 |
Total |  |  | $ | 2,144,030 |  |  | $ | (710,963) |  |  | $ | 1,433,067 |
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, |  |
| 2025 |  | 2024 |  |  |  |
Acquired intangible assets, net, beginning of the period | $ | 1,433,067 |  |  | $ | 1,761,521 |  |  |  |  |
Amortization expense | (48,330) |  |  | (61,309) |  |  |  |  |
Foreign currency translation and other adjustments | 6,505 |  |  | (26,594) |  |  |  |  |
Acquired intangible assets, net, end of the period | $ | 1,391,242 |  |  | $ | 1,673,618 |  |  |  |  |
The estimated future amortization expense of intangible assets as of March 31, 2025 was as follows (in thousands):
Remainder of 2025 | $ | 142,705 |
2026 | 180,956 |
2027 | 137,392 |
2028 | 133,604 |
2029 | 132,973 |
Thereafter | 663,612 |
Total | $ | 1,391,242 |

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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 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
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