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ACQUIRED INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
ACQUIRED INTANGIBLE ASSETS | ACQUIRED INTANGIBLE ASSETS The following table details acquired intangible assets (in thousands):
| Balance at June 30, 2025
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 353,791 |  |  | $ | (270,189) |  |  | $ | 83,602 |
Customer assets | 15 years |  | 1,396,473 |  |  | (342,027) |  |  | 1,054,446 |
Trade names and other | 9 years |  | 389,137 |  |  | (158,450) |  |  | 230,687 |
Total |  |  | $ | 2,139,401 |  |  | $ | (770,666) |  |  | $ | 1,368,735 |
| 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 June 30, |  | Six Months Ended June 30, |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Acquired intangible assets, net, beginning of the period | $ | 1,391,242 |  |  | $ | 1,673,618 |  |  | $ | 1,433,067 |  |  | $ | 1,761,521 |  |  |  |  |
Amortization expense | (48,295) |  |  | (58,402) |  |  | (96,625) |  |  | (119,711) |  |  |  |  |
Foreign currency translation and other adjustments | 25,788 |  |  | 13,967 |  |  | 32,293 |  |  | (12,627) |  |  |  |  |
Acquired intangible assets, net, end of the period | $ | 1,368,735 |  |  | $ | 1,629,183 |  |  | $ | 1,368,735 |  |  | $ | 1,629,183 |  |  |  |  |
The estimated future amortization expense of intangible assets as of June 30, 2025 was as follows (in thousands):
Remainder of 2025 | $ | 95,711 |
2026 | 183,165 |
2027 | 139,601 |
2028 | 135,813 |
2029 | 135,183 |
Thereafter | 679,262 |
Total | $ | 1,368,735 |

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